Longtime Raymond antenna manufacturer closing its doors [Electronic]



North Carolina based company SFX has announced it's closing its Dielectric Communications business unit in Raymond later this year.Dielectric manufactures atennae and signal transmission equipment for radio and television broadcasters. Company officials said the decision was made to shut down broadcast and wireless antenna operations worldwide,Industrial robot and all 57 Raymond-based employees who are impacted have been notified.



"After careful consideration,These stones are crushed in a Primary Crusher and sent to a vibratory screen Quarry plant oversize from the screen is sent for further size reduction in secondary and tertiary Crushers. SPX has decided to discontinue the broadcast television and radio and wireless antenna operations of its Dielectric Communications business unit worldwide, due to extremely difficult global economic conditions in the broadcast marketplace,A crusher that breaks material by squeezing Portable crusher compressing it among a convex and concave formed surfaces covered by manganese because the put on surface area. and SPX's ongoing efforts to further focus its future growth strategy on its Flow Technology business," company officials said in a statement issued to the media.



Raymond town officials said they were notified of the company's decision last week in a letter."It was founded in the town of Raymond and it has been here ever since," Raymond Town Manager Don Willard said. "59 years in the community, so in today's world I think that's pretty unusual, and so it's a great loss for the town."Willard said the town's economic development committee will be looking into possible future opportunities for the Dielectric facility.SPX officials said they will be working with employees in finding other opportunities, and they will be providing outplacement services to all employees affected.



Commenting that it is highly unlikely that Fast's retirement has any relationship to the company's performance, Bamman said that Crane announced management changes in January."It became apparent that Max Mitchell was being groomed to be CEO," said Bamman, who has a "buy" rating on the company's stock which is traded under the ticker symbol "CR" on the New York Stock Exchange.Despite the record earnings, Crane's shares declined as first quarter sales fell $18 million to $628 million.digital baby video monitorThe stock closed down 71 cents at $52.33 on Monday. Its 52-week range has been between a low of $34.89 and a high of $56.99."It looked like they were a little light on revenue compared with the street consensus,Touch screen pos system manufacturer" Bamman said.


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