| Free Newsletters Valve System Manufacturer Schrader-Bridgeport to Close Monroe, N.C., Plant.
By Carrie Levine, The Charlotte Observer, N.C. Knight Ridder/Tribune Business News
Feb. 14--MONROE, N.C. -- Schrader-Bridgeport International will shut down its plant over the next seven months, throwing at least 130 people out of work, the company said Friday.
The move comes four years after Schrader-Bridgeport announced plans to create 50 new jobs at the plant in exchange for $700,000 in local economic incentive grants, part of a $26 million expansion in Union County. The manufacturer of valve systems failed to create the jobs and did not claim the m
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