Melodie Phelps, News Editor
Wayne County Outlook
Monticello
Sat, May 17 2008
—
One of the local houseboat manufacturers has closed its doors, citing a
decreased demand for the watercraft. American Waterways, located on KY 90 in
the Mill Springs area, suspended operations at the facility on Thursday, May
1, according to Chief Executive Officer Steve Lochmueller.
"These actions are in response to the double digit drop in demand
experienced by the U.S. marine industry over the past year in a
progressively challenging sales environment that we believe is due to the
slow economy," stated Lochmueller.
He said that affected employees will receive assistance in transitioning
to other employment. Approximately 48 people were employed by American
Waterways before the plant closed last week.
Lochmueller added that the best case scenario would be to see a full
recovery by the recreational marine industry, necessitating the reopening of
the Monticello facility.
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