TMK IPSCO Plant Reducing Working Hours; Concern For Job Loss - News and Weather For The Quad Cities -

TMK IPSCO Plant Reducing Working Hours; Concern For Job Loss

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Working hours and production are being reduced by 30% at the TMK IPSCO welded pipe facility in Camanche and there's a concern about job loss.

So far, the Camanche facility is one of three across the nation cutting back operational hours.

CEO Dave Mitch of TMK IPSCO believes unfairly traded goods is causing these cutbacks.

"It has driven our prices down to the point where we had to take action," said Mitch.

Action that involves a major trade case in the US right now against nine countries. The biggest competitor being Korea.

"We have been dealing with imported product coming into the United States in the product line that we work particularly out at Camanche and other of our facilities," said Mitch.

These products are used in the energy industry, specifically for down hole drilling. Mitch said they are challenging that these imported goods are being sold "below cost", meaning these foreign companies aren't making a profit.

"If in fact this continues, it drives American manufacturing out of business," said Mitch.

He said a level-playing field is needed to achieve fair trade and for now, they're assessing cutbacks on a week-by-week basis in Camanche.

"We are certainly concerned," said Mitch. "We have to take short term action, however in terms of fighting for fair trade is really for the long term good of American manufacturing jobs."

The other two facilities that are cutting back operational hours are in Blytheville, Arkansas and Wilder, Kentucky.

TMK IPSCO said the issue only affects one particular product line at the Camanche facility and that overall it has minor impact on the company's monthly financial expectations.

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