AET To Close Virginia Plant

NEW CASTLE, Del.—Applied Extrusion Technologies, Inc. (AET) will close its Covington, Va. facility in 2008.

“We have thoroughly studied options for the Covington plant over the last year,” said Thomas Mohr, president and chief executive officer of AET. “The plant’s relatively small size and large infrastructure costs have hindered its long-term competitiveness, and this ultimately led to our decision to close the plant.”