Navistar closing Texas plant
October 31, 2012 5:58PM
Updated: December 2, 2012 2:12PM
Navistar International Corp. has announced plans to close its Dallas-area truck plant by the first half of next year, eliminating 900 jobs.
The Lisle-based company on Tuesday cited the planned closure as part of efforts to save money and optimize its manufacturing operations. Navistar anticipates annual cost savings of up to $35 million with the closure.
President Troy Clarke says Navistar has too much manufacturing capacity in North America.
Navistar and its affiliates make International-brand trucks, diesel engines, buses and recreational vehicles.
Acco Brands posts higher 3Q profit
Acco Brands Corp. reported Wednesday that its third-quarter net income was $55.2 million, or 48 cents per share, compared with $11.7 million, or 20 cents per share, earned in the third quarter of last year. Revenue grew 48 percent, to $501.2 million.
The Lincolnshire-based office supplies company makes Swingline staplers, Day-Timer planners and other products, and in May it paid $860 million to acquire MeadWestvaco’s consumer and office products business, gaining products such as Mead, Five Star, and Trapper Keeper.