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The new owner of a Richmond factory plans to shut it down later this summer, costing about 75 employees their jobs.
Engineered Plastic Components said in a letter to state officials that it would close the former Innatech plastics factory
in Richmond by mid-August. The Grinnell, Iowa-based company bought the factory in May from Michigan-based Innatech, which
had filed for Chapter 11 bankruptcy protection two months earlier.
The company said in its state filing that it expected the Richmond plant closing to be permanent.
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