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City officials released the following statement on TPI Composites (TPI) and their plans of a potential suspension of production at their Newton facility later this year.
“It’s unfortunate that industry specific issues may cause TPI to suspend production at their Newton facility at the end of December,” stated City Administrator Matt Muckler. “TPI’s General Manager Josh Syhlman shared the news of this potential suspension of production with City officials Thursday afternoon. TPI’s workforce comes from all over the region so this would impact not only Newton but many communities throughout Central Iowa.”
“In the event that this suspension of production takes place, the City and its local economic development partners and social service providers will work to assist those residents impacted. Newton is a resilient community with a diversified economy,” stated Mayor Michael L. Hansen. “And while this potential suspension of manufacturing will have an impact on TPI employees and their families, we will continue to work together to overcome this challenge as a community.”