April 5, 2010 / 6:28 PM / 7 years ago

UPDATE 1-Chart Industries to shift Indiana ops, affect 130 jobs

* To close Plainfield liquid oxygen therapy operations

* To shift manufacturing ops to Georgia

* Says will help affected workers seeking new jobs

* Says impact of closure included in earnings view

April 5 (Reuters) - Engineered equipment maker Chart Industries Inc (GTLS.O) said it plans to shift certain operations under its biomedical segment in Indiana to Georgia, affecting about 130 employees.

The company said it plans to close its liquid oxygen therapy manufacturing operations in Plainfield, Indiana, and relocate the manufacturing and customer service operations to a facility close to existing operations in Canton, Georgia.

Chart will provide assistance to affected employees seeking new jobs, the company said in a statement.

The impact of the closure is included in the company’s previously given 2010 earnings view of 40 cents to 60 cents per share, Chart said.

It will take about 12 months to relocate the operations to Canton, the company said.

Shares of the company were trading up 5 percent at $21.38 Monday afternoon on Nasdaq. (Reporting by Divya Sharma in Bangalore; Editing by Unnikrishnan Nair)

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