Precision Flow Technologies, Inc., the solar and semiconductor technology manufacturer, will close its Kingston plant in April, resulting in the layoffs of 96 employees, the company has notified the state Department of Labor.
According to a notice filed Jan. 22, Precision Flow Technologies will close its headquarters at the TechCity Commerce Park at 1600 Enterprise Drive on April 29. The layoffs will occur between April 21 and 29.
The company designs and manufactures technology for LED, medical, solar and semiconductor suppliers. Company officials cited the reason for shutting the plant as “economic” in the notice filing. Precision Flow officials could not be reached for comment Tuesday morning.
The company, founded in 1997, relocated to the TechCity Commerce Park in Kingston from Saugerties in 2009, where it took over 100,000 square feet of the former IBM Corp. campus. It announced a 45,000-square-foot expansion to the Kingston facility in July 2010, and was awarded a $1.5 million grant from the New York State Energy Research and Development Authority the following year.
At the time, then-company president Kevin Brady said the markets for its products were “growing at breakneck speed.”
Precision Flow Technologies also has manufacturing plants in Texas, Colorado, California, Oregon and Singapore. According to its website, the company has more than 650 employees, including those currently working at the Kingston plant.
Precision Flow Technologies was acquired by Tualatin, Oregon-based Ichor Systems Inc. in 2011.
