Owens Corning, a Fortune 500 company that makes insulation, roofing and fiberglass composites, including for the wind industry, is closing down its factory in Brunswick, Maine.
According to a local report from the Portland Press Herald, 60 employees will be laid off as the company moves the factory’s machinery to its facility in Wichita Falls, Texas. The company is making the move closer to customers in order to decrease the cost of transporting its products across the country.
The report says the facility in Maine has been producing wind turbine materials since 1984 as Brunswick Technologies, which was later sold to Owens Corning.
Based in Toledo, Ohio, Owens Corning posted 2016 sales of $5.7 billion and employs about 17,000 people in 33 countries. It has been a Fortune 500 company for 63 consecutive years.