Gates closing Moncks Corner factory next year

Gates Corp., which makes timing belts for the automotive industry at its Moncks Corner plant, said it will close the factory in early 2009.

The Denver-based company said that the work done in Berkeley County will be transferred to other North American facilities. As of last summer, the local Gates plant employed about 220 workers.

"We are in a very competitive business, both here and internationally. We regret having to consider any plant closing," Brian Harris, president of Gates Power Transmission Group, said in a statement.

See Tuesday's edition of The Post and Courier for more details.

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