howeenterprise.com
Page #12
Monday, March 4, 2019
Magni-Fab
Continued from page 1
that will be affected by the closing of MagniFab, from the employees, families, school kids that have had projects paid for or provided for, and all through the community of Howe, this will affect us all in some way. We, as a community are with you.
www.southwestauction.com
Howe's Economic Development Director Monte Walker stated that it was a great loss to the city and reflected on how the company was managed greatly throughout the years with local leadership. "Today is a sad day for Howe with the announcement of the closure of Magni-Fab," said Walker on Friday afternoon. "The company made many contributions to the community over the years and my heart goes out to the employees. Many great things came from that industry in our city and Magni-Fab was led by great men throughout the years such as Jimmy Bearden and the recently retired Wayne Swineford." Walker said that Grayson County is not overloaded with open warehouse space and that having two soon-to-be vacant buildings in Howe will serve as a lucrative opportunity for another company.
Texoma in order to expedite their next career and guard against a gap in employment," said Walker. "No decisions have been made for the location to our knowledge beyond April 30 as far as the building or the equipment." Magni-Fab Southwest has ownership of 22 acres on each side of US Highway 75 in Howe with two large warehouses. In 1948, Magni-Power Co. began manufacturing permanent magnetic equipment for the cotton industry. The magnets manufactured by Magni-Power filtered flammable ferrous metals from cotton. In 1952, the company moved to its present location on Lincoln Way East, 4 miles east of Wooster, Ohio. In 1968, the Magni-Fab Division was established primarily to manufacture fabricated metal products specializing in metal fabrications and stampings in steel, aluminum, and stainless steel up to three-eighth-inch thick. Magni-Fab, which opened in Howe in 1971, had to diversify not soon after and during the oil embargo began to get involved in the telecom industry.
The company is operated by Bala and Laks Venkataraman, engineers and brothers, sons of "Right now we're just focusing on helping the an Indian timber merchant and planter of coffee workers get familiar with Workforce Solutions and tea.
Howe Bulldogs Baseball schedule March 5 March 7-9 March 12 March 15 March 19 March 22 March 26 March 29 April 2 April 5 April 9 April 12 April 16 April 19 April 23
Bells Lindsay Tournament at Van Alstyne Open Leonard at Bonham at Whitewright Blue Ridge at Bells Van Alstyne Lindsay at Leonard Bonham Whitewright at Blue Ridge
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4:30/7:00 TBA 4:30/7:00 4:30/7:00 4:30/7:00 4:30/7:00 4:30/7:00 4:30/7:00 4:30/7:00 4:30/7:00 4:30/7:00 4:30/7:00 4:30/7:00 4:30/7:00 4:30/7:00
Howe Lady Bulldogs Softball Schedule March 5 March 8 March 11 March 15 March 18 March 22 March 26 March 29 April 2 April 5 April 9 April 12 April 15 April 19
Bells at Melissa at Van Alstyne Open Leonard at Bonham at Whitewright Blue Ridge at Bells Van Alstyne Burkburnett at Leonard Bonham Whitewright
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5:00/7:00 5:00/6:30 10:30/12
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5:00/7:00 5:00/7:00 5:00/7:00 5:00/7:00 5:00/7:00 5:00/7:00 5:00/7:00 5:00/7:00 5:00/7:00 5:00/7:00
Howe High School Track March 7, Panther Relays at Van Alstyne March 21, Farmer Relays, at Farmersville March 28, Bulldog Relays at Howe April 4, District 10-3A Meet at Van Alstyne Prelims and Field Events April 11, District 10-3A Running Finals April 18, Area Track Meet at Van Alstyne April 26-27, Region 2-3A Meet at Whitehouse May 10-11, 3A State Meet at Austin
Howe Middle School Track March 5, Panther Relays, at Van Alstyne March 18, Farmer Relays, at Farmersville March 25, Bulldog Relays at Howe Apri 1, District 10-3A Meet at Van Alstyne
