Plastics manufacturer Beach Mold & Tool announced in mid-August that it is closing one of its two plants in Mexico due to reduced demand from its customers. Production at the plastics injection molding plant in Reynoso, Mexico will be shifted to its sister plant in Queretaro, Mexico, company spokespersons said in a written announcement.
The press release issued by Beach Mold & Tool blamed the global economic downturn for the decrease in demand for its products. Both plants produced a combination of automotive, consumer and electronics parts, but the Reynoso plant was more heavily focused on consumer goods such as power tools, wholesale plastic containers, organizers and printer supplies.
Along with its remaining Mexican plant in Queretaro, Beach Mold & Tool also has American plants located in Indiana and Virginia. The company announcement of the closure mentioned that it is hoping to find a buyer willing to re-open the Reynoso plant, possible saving jobs based at the site.
