Chatham Steel to close South Point operation
SOUTH POINT, Ohio -- The Point, a South Point industrial park, lost one of its businesses Tuesday as Chatham Steel announced it was closing its operations in Lawrence County on Jan. 31.
The company, which began operations at a 55,600 square-foot building in the industrial park last year, has about 25 employees at the site in South Point, said Bill Dingus, executive director of the Lawrence Economic Development Corporation.
"Some of the employees will be offered other jobs with the company," Dingus said. "It will mean a loss of 18 to 20 jobs."
"This is difficult," he said. It is a result of a downturn in the mining industry, he said. "We knew there would be some difficult times due to the downturn in the coal mining industry. We're sorry this happened. It's understandable."
The development corporation, which is overseeing development at the 500-acre industrial park, now will try to market the location which has a 50,000-square-foot building with cranes and 5,600 square feet of office space.
"It's a great building," Dingus said. "Chatham has announced it's willing to assist another company locate in the building."
Some of the employees were notified of the closing Monday afternoon and the rest were notified at 8 a.m. Tuesday, Dingus said.