City of Shawnee losing TDK Ferrites plant


TDK Ferrites Corp. announced it is shutting down its manufacturing plant in Shawnee, Oklahoma after locating there for more than 30 years.

The announcement is not just a shutdown, but included word that the longtime ferrite magnet manufacturer is moving its operations to Japan and China reported the Shawnee News-Star.

Click here for story from Shawnee News-Star.