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Crane Cams closes its doors

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Old 02-25-2009, 11:05 PM
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Default Crane Cams closes its doors

Not sure if anyone else has seen/heard this.

Crane Cams shuts down, workers laid off

By JIM WITTERS
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.
Old 02-25-2009, 11:17 PM
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Sad to hear that news. Doesn't come as much of a surprise considering the state the economy and all. Still sad to hear about an iconic part of the industry close the doors.

Mike
Old 02-26-2009, 12:15 AM
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I got the news today from my cam grinder, we used to get a lot of SBC cam cores from Crane, now we need to find another supplier. Crane was a great company, I wasn't real thrilled when Mikronite took it over a few years ago. Figures that they screwed the goose on this one, hopefully someone will absorb it and bring them back.
Old 02-26-2009, 08:43 AM
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I saw this the other day. Very sad.
Old 03-01-2009, 01:16 PM
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Crane Cams says it plans to reopen after restructuring
By GREG MIGLIORE
A picture of Crane Cams says it could reopen in 30 days.
Crane Cams says it could reopen in 30 days.Well-known cam shafts company Crane Cams shut down Feb. 24 for restructuring but says it plans to reopen, likely sometime in March.

All of the company’s 280 workers were laid off, though about 25 remain to work on military contracts. The closure was in response to the global economic problems, said vice president Steve Leva. He said the Daytona Beach, Fla., company planned to reopen in as soon as a week, or it may take up to 30 days.
Old 03-01-2009, 02:33 PM
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wow. out own country is going down hill and everyone plan in the office is to help the middle east.
Old 03-01-2009, 03:00 PM
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I'm hoping with Locke in the cabinet he can stem the tide of all that import crap. If Crane can continue to export it still means jobs here - where they should be.




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