Koos not surprised by Mitsubishi plant sale

Posted on May 3, 2016
Mitsubishi Motors plant
The sale of the plant was announced last week. (WJBC file photo)

By Adam Studzinski

NORMAL – Normal Mayor Chris Koos wasn’t surprised by the sale of the Mistubishi Motors plant to Maynards Industries.

Koos explained he was aware the deal was in the works. He added he’s not too concerned about Maynards simply selling off the assets of the plant and moving on.

“Frankly, most of the assets within the plant are already gone,” said Koos. “Almost all of that tooling really has no value to anybody other than Mitsubishi because it was very specifically designed to build the Outlander Sport.”

Koos believed the sale will be a benefit in the long run.

“For that company to have the best outcome and make the most money it will come from selling the plant. So I think they’re going to be aggressive about doing that,” he said.

Koos recently returned from a trip to an industrial and economic development convention in Germany. However, he said that trip did not produce any potential buyers for the Mitsubishi plant.

Adam Studzinski can be reached at [email protected].

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