A family-owned textile company in Goshen that employs nearly 300 people will shut down late next month because of the weak economy.
Stillwater Incorporated’s main plant in Goshen makes fabric for military blankets, airplane upholstery and other uses. The company also operates a weave mill in Augusta Springs and a warehouse in Craigsville.
Stillwater Vice President Joe Hannagan blamed the threat of war and jittery economy for forcing the closure of the 74-year-old company.
He laid off the first 30 employees Monday. Craigsville Mayor Richard Fox says the plant has been the region's lifeblood.