NIAGARA FALLS, N.Y. — A big economic blow to Niagara Falls on Thursday with the announcement that OxyChem will be closing its manufacturing facility.
In a statement, officials say the decision was made "due to unfavorable regional market conditions as well as unreasonable and continually escalating rail transportation costs."
Despite efforts to remain viable, the company says the Buffalo Avenue plant continues to have a negative economic outlook.
The facility currently employees 130 workers and 20 full-time contractors.
Certain corporate service functions will remain in the area. Employees from Glenn Spring Holdings, an OxyChem affiliate, will oversee the Niagara Falls property following its decommissioning.