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SANTA ANA, Calif. TTM Technologies, Inc., plans to close its Dallas, Ore., facility and transfer PCB production to other sites, primarily in Logan, Utah and Redmond, Wash. The Dallas operation primarily produced commercial PCBs.
Acquired as part of the Tyco Printed Circuit Group business in October 2006, the facility was "underutilized and unprofitable," said Kent Alder, president and CEO, though he called the decision difficult. Approximately 300 employees will be offered severance and other benefits; TTM expects to pay about $2.6 million in employee severance in Q'01 2007.
The company will sell some of the Dallas property, plant, and equipment. Some equipment will be transferred to other facilities to reduce future capital expenditure. No additional restructuring plans are eminent, noted Alder.