DAK Americas plans to close all operations at its
Cape Fear site near Wilmington, North Carolina, the
company confirmed on Thursday.
The site was built in the late 1960s and acquired by DAK
Americas in 2001. Approximately, 350 full service employees and
250 contract workers are employed on-site to produce PTA, PET
resins and polyester staple fibers.
We acknowledge that this business decision is very
difficult for our employees and thank them for their dedication
and commitment to our industry for more than 40 years,"
said Jorge Young, president of DAK Americas.
"Closure of the site will allow us to further improve our low
cost position by supplying the vast majority of the Cape Fear
site customers from our other North American facilities," he added.
DAK Americas remains dedicated to the polyester value chain
and supplying trade leading products and services through its
six remaining production facilities in the Americas.
The closure of the site is expected to be completed by
September 2013. Employees will be given timely notice and will
be provided with a comprehensive separation package as part of
the closure, according to the company.