A tire plant that has been a key part of the Scottsville economy for decades will shut down in January, the town’s mayor said this week. “It is extremely unfortunate that Hyosung has chosen this time of year to so negatively impact its 106 Scottsville employees; the town’s deepest sympathies go out to those individuals and their families,“ Scottsville Mayor John R. Snoddy IV said in a statement.

Hyosung is closing its tire cord plant in Scottsville by the end of January.