Champion Enterprises is about to close manufacturing production in Alabama

Champion Enterprises Inc. said that today it will cease manufacturing production in Guin, Alabama considering the capacity utilization rate and profitability continue to run well below acceptable levels and any near-term improvement appears unlikely, said Champion's CEO - William Griffiths.

Champion expects to record pretax restructuring charges of up to $4.5 million in the fourth quarter due to the closure of the plant.

Because of the plant closure the company presumes re-build costs up to $4.5 million in the fourth quarter.