- Associated Press - Wednesday, September 2, 2015

CAMANCHE, Iowa (AP) - Officials for a Houston-based company say it will cease production and cut jobs this month at an eastern Iowa plant.

The Quad-City Times reports (https://bit.ly/1LUm3lT ) that executives for TMK Ipsco went to the Camanche (kuh-MANCH’) plant to inform its 43 workers of the situation.

The plant makes pipe products used by the oil and natural gas industries. Company spokesman Roger Bentley says that because oil prices are down, the number of drill rigs is down as well, which reduces the demand for pipe. Bentley says the company is idling the plant until conditions improve.

He says a few employees will remain at the plant after Sept. 30 to fill remaining customer orders and for security reasons.

TMK Ipsco is a division of Moscow-based TMK.

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Information from: Quad-City Times, https://www.qctimes.com


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