Gates Corporation has announced that it will close its belt manufacturing facility in Moncks Corner early next year.
The production will be shifted to other, unspecified facilities. The exact job loss count is unknown, but a story by The Post and Courier last year pegged the facility's job count between 210 and 230.
The company manufactures industrial and automotive products and has some 34,000 jobs worldwide. Their stock value is some 75 percent of what it was this time last year.