US: Dragon Products Company, a subsidiary of Giant Cement, has announced that it will close its plant located in Thomaston, Maine. The facility, which has been operational for almost 100 years, and has been under Dragon's ownership since 2006, will undergo a gradual shutdown, beginning in December 2023.
Dragon said that the closure had been prompted by the persistent escalation of operating and logistical costs, exerting a negative impact on the Thomaston plant's viability. "Despite our best efforts to adapt and navigate through these challenging circumstances, we have determined that these actions are necessary for the long-term sustainability of our business,” explained Roberto Polit, Vice President of Operations. Phased lay-offs are scheduled to commence in December 2023, with the process anticipated to conclude by the beginning of 2025.
"We extend our sincere gratitude to all employees who have contributed significantly to our plant in Thomaston," added Polit. "Their hard work, dedication, and commitment have been invaluable to our operations. We are also grateful for the support and understanding shown by the local community throughout the years."
