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Allegheny Technologies to close Conn. facility

The Associated Press

Allegheny Technologies Inc. plans to close its Connecticut facility by June because of poor economic conditions, the metals maker said Friday.

The Pittsburgh-based company did not say how many employees will be affected and a representative from Allegheny did not return a request for comment. In a government filing, Allegheny said employees were told of the closure Dec. 10.

Allegheny said closing the plant will cost about $9.2 million, and will show up in its fourth-quarter results, which ends on Dec. 31. That amount includes $6 million for job-ending benefits, such as a pension and medical benefits, Allegheny said.

The facility, used by its flat-rolled products segment, is in Wallingford, Conn.

In after-hours trading, shares fell 41 cents to $32.36. Shares closed at $32.77 Friday.