June 5, 2014
Regal Beloit Corp. said Thursday it will close its Mount Sterling and Winchester, Ky., plants, eliminating about 200 jobs.
The products and processes at these facilities will be transferred to other Regal and non-Regal facilities, the company said.
Regal said it has multiple manufacturing plants that make various component parts and motors. The company said that "consolidating these operations will enable it to remain globally competitive, reduce variation between its manufacturing facilities and improve cycle times."
Regal said it intends to provide a comprehensive benefits package for eligible employees affected by the plant closures.
Based in Beloit, Regal Beloit manufactures electric motors, mechanical and electrical motion controls and power generation products. It has manufacturing, sales and service facilities throughout the United States, Canada, Mexico, Europe and Asia.