The Associated Press
MERIDIAN — CertainTeed Corp. says work is on track for a July reopening of its Meridian ceiling tile plant the company closed in 2009.
And Graham Thayer, vice president and general manager for CertainTeed Ceilings, tells the Mississippi Business Journal (http://bit.ly/1bU6Hfd ) that the settlement of a defective products case will not jeopardize plans to reopen the ceiling materials plant in 2014.
The Valley Forge-Pa. based company says the reopened plant will include $24 million in upgrades and will put more than 100 people to work in the next three years.
The company announced in early November that it would settle a federal class action lawsuit relating to fiber cement siding it manufactured and installed over the last decade. The settlement will cost the company $103 million.