NFI Group closing factory in Pembina, N.D., as part of cost-cutting plan

WINNIPEG – NFI Group Inc. says it is closing a factory in Pembina, N.D., later this year as part of a new cost-cutting plan.

The company says the Motor Coach Industries manufacturing facility is expected to close in the fourth quarter of this year.

Brian Dewsnup, acting president and chief executive, says the closure follows a detailed review of the company’s manufacturing footprint.

NFI also said it will integrate its Delaware parts distribution facility into its existing NFI Parts footprint.

Last month, NFI cut its revenue forecast for the second time in seven months, citing a global shortage of microprocessors.

The Winnipeg-based company said it is working with alternative suppliers but expected it will need to lower production at some plants.

This report by The Canadian Press was first published May 20, 2022.

Companies in this story: (TSX:NFI)