Edmonton-based McCoy Corp. will consolidate production of two trailer manufacturing plants into its Penticton, B.C., facility. After a full review of all options, the company will suspend production at its Edmonton plant until further notice. New orders and orders already in progress will not be affected by the suspension. The Penticton facility will begin to produce both the Scona and "Peerless" product brands early in the third quarter. "

The shutdown of the Edmonton plant is an indication of how the global economic slowdown has effected the trailer manufacturing segment of McCoy," said Jim Rakievich, president and CEO of McCoy. "Demand for trailer products not only in Western Canada, but across North America, has been reduced substantially. This decision will not impact the quality or service that our customers have come to expect from either the Scona or Peerless products.

"Our commitment to design specialized, custom trailers and chassis for both the infrastructure and global energy markets remains as strong as ever."

Established in 1914, McCoy is a leading worldwide manufacturer of tubular make-up power tongs, for both land and offshore rig applications; is the second largest global supplier of make/break machines used for assembling downhole tool strings and testing pipe connections; and also manufactures consumable replacement parts (dies and inserts) used in rig equipment. McCoy also builds mobile products including vacuum tanks, hydrovac systems, pick up and lay-down machines, and custom heavy duty trailers, crane dollies and oilfield chassis.
www.mccoycorporation.ca