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Tokusen USA to Close Conway Factory as Market and Trade Challenges Mount

Summary by Arkansas Business
Specialty steel wire manufacturer Tokusen USA Inc. is closing its facility in Conway after 34 years amid challenging market conditions and international trade pressures. The closure is set for mid-March. About 250 workers are losing their jobs. The company’s workforce is the seventh-largest among manufacturers in Faulkner County. Tokusen, a subsidiary of Tokusen Kogyo Co. Ltd. of Ono, Japan, said in a statement that its business “has been troubl…
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Conway, Arkansas

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