DALLAS, OR -- Printed circuit board maker TTM Technologies will shutter its Dallas, OR, facility, and lay off about 300 workers, the company said.  TTM expects to take a charge of $2.6 million for severance in the first quarter of 2007.

Production will be moved to other company sites, primarily in Logan, UT, and Redmond, WA.



The Dallas operation, which mainly has produced commercial boards, was part of the Tyco Printed Circuit Group business acquired in October 2006. Its roots date to Praegitzer.

"It is always a difficult decision to close a facility," said Kent Alder, President and CEO of TTM Technologies. "However, shifting production from the underutilized and unprofitable Dallas facility to TTM's other plants will improve utilization of our remaining facilities, reduce our cost structure and lower future capital expenditures as we transfer some of the equipment from Dallas to our other operations."

"Prior to closing our acquisition of the Tyco Printed Circuit Group business, we began assessing the need to close certain facilities. Today's actions are a result of these initial assessments," Alder said. "We are committed to continually evaluating our cost structure. However, currently we have no additional restructuring plans."

In addition to transferring assets to other sites, the company also will sell some of the Dallas property, plant and equipment.

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