AMSTERDAM - A fiberglass manufacturer says it will shut down both of its plants in the city after more than a half-century in business, putting more than 100 people out of work.
Fiber Glass Industries Inc. announced Tuesday it would be closing its plants on Edson and Shuler streets over the next 90 to 120 days. The plants manufacture fiberglass and supply fiberglass composites to manufacturers such as General Motors and employ about 120 workers.
Company Chairman John Menzel said his company could no longer compete with products manufactured overseas, particularly in China.
Fiber Glass Industries is a fiberglass manufacturer and supplier to composites manufacturers.
The company started with a line of woven fiberglass and combination products, according to FGI's website.
The company now is a producer of specialty fiberglass mat and cloth products for fiberglass composites manufacturers and high-strength stitch-bonded fiberglass fabrics for a variety of industries, according to the company website.
FGI invented and produces Fabmat, which is constructed using woven roving and fiberglass mat.
FGI also offers laminate design.
The company's sales representatives sell throughout the United States.
In 2010, as part of its comprehensive economic development plan for upstate New York, National Grid awarded Fiber Glass Industries $98,000 to help offset costs for gas and electric facilities for an expansion at the company's Edson Street building.
The expansion allowed the company to produce a new type of fiberglass strand.
Ken Rose, Montgomery County Business Development Center chief executive officer, said the county will try to find another business to go into the buildings when FGI vacates them.
"Obviously, when you look at a loss of manufacturing ... it is going to have an effect" on the area, Rose said.
Rose said his agency will work with FGI as it shuts down. Rose said he did not expect the closure of FGI. He said his agency had helped FGI with an expansion in 2009.
The Associated Press and Leader-Herald reporter Arthur Cleveland contributed to this report.