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Topic: Crane Cams closes its doors
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Page 1 of 1 of 6 replies
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February 25, 2009 at
05:15:23 PM
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08/15/2008
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84
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see the full story at http://www.insideopenwheel.com©
I am like a fat girl at prom, just happy to be here...
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February 25, 2009 at
05:45:20 PM
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01/06/2005
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1872
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Wow ... just wow!
Phil Taylor
home-theater-systems-advice.com
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February 25, 2009 at
07:53:02 PM
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11/30/2004
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1973
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Reply to:
This is what I find wrong with the web - people can use another's content, with no attribution, and make it seem like that they wrote it... the link contains an article from the Daytona Beach News Journal and fails to credit either the writer or the Daytona Beach newspaper, which in all likelihood violates some sort of copyright law......
http://www.news-journalonline.com/NewsJournalOnline/breakingnews/crane022409.htm
Senior Business Writer DAYTONA BEACH — Crane Cams, a 56-year-old auto parts manufacturer, closed its doors this week and laid off its employees, a worker said today.
The news took Volusia County’s top economic development officer by surprise. City, county and state officials were working with Crane Cams and officials from its New Jersey parent, Mikronite Technologies, to keep the company open and in the community.
“We were trying to help them through this transition,” said Rick Michael, Volusia County economic development director. “They were considering a transfer of ownership. We were not expecting any closure.”
An automated voice mail system at Crane’s plant on Fentress Boulevard announced at midday today the company was closed and suggested calling back during business hours, 8 a.m. to 5 p.m. A call to Mikronite’s New Jersey offices produced similar results. Six cars sat in the parking lot early this afternoon at the local plant, which employed 220 just three years ago.
Inside the lobby, a reception desk sat empty. A call from the lobby phone got an answer from Dennis Burgess, who declined to comment and said no one at the plant could provide information.
In the parking lot, 14-year employee Ronald Dorn was leaving the plant for what he believed was the last time
He said workers were told during the past week that layoffs were likely, but he didn’t expect the plant to close.
Mikronite received approval in 2006 to receive tax rebates from the state and the county amid discussion about moving its New Jersey operations here. But the company ended its contract with the state in 2008 due to nonperformance, Michael said.
“Crane has gone through a series of small layoffs recently,” he said.
Crane Cams and Crane Technologies Group were founded by Harvey J. Crane Jr. in 1953 as Crane Engineering Inc. in Hallandale. The company is well known in high-performance and racing circles for its line of camshafts and engine valve train components.
In 1979, Crane Cams became an employee-owned company. Some operations moved to Daytona Beach in 1981, with the remainder of the operation and employees relocating here in 1985.
Mikronite, an industrial technology firm, bought Crane in 2006.
In March 2007, Mikronite sold its property on Fentress to STAG Capital Partners of Boston, then signed a 10-year lease.
Chuck.....
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February 25, 2009 at
07:58:34 PM
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This message was edited on
February 25, 2009 at
08:13:30 PM by Sprintdrvr18
my apologies to the Daytona Beach News Journal for forgetting to adding the credit. It will be fix ASAP
Did not mean to make it sound like "i wrote it". Once again, my apologies
I am like a fat girl at prom, just happy to be here...
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February 26, 2009 at
08:24:45 AM
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I've been told by a good source that this hopefully will be resolved late next week. If all goes to plan and everybody works together. Will have to wait and see how this plays out.
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February 26, 2009 at
11:34:28 AM
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520
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Is this the closing of ONE plant, or the entire company? The article was clear as mud.
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February 26, 2009 at
11:53:21 AM
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1457
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As I saw suggested on Dirtdrivers (correct attribution) maybe "Speedy Bill" can pick up another company and get it righted.
Sad news if they do go under, but I'll keep hoping that Eric Knapp is correct and it keeps going.
I am lucky enough to work at one of the best tracks
anywhere.
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