SC Polyester Fiber Plant to Cut Around 240 Partial Shutdown Jobs | Business
MONCKS CORNER – DAK Americas is closing part of its manufacturing operations in Berkeley County, which will result in the loss of more than 200 jobs at the Cooper River plant.
The polyester staple fiber business, which produces about 150,000 tonnes per year, will close at the end of the year, according to a closure notice filed with SC’s Department of Employment and Manpower . The move was driven by cheap imports, the Charlotte-based company said.
The recently announced shutdown will affect approximately 200 full-time employees and 40 contract workers.
“It’s a very difficult decision for us,” said Jorge Young, co-chair of DAK. “The closure of fiber operations comes after a thorough analysis of our ability to be cost competitive in an extremely difficult market that has faced prolonged and continued pressure from low priced imports. The current economy does not support the significant investments required to revitalize the site and meet future market needs. We thank our employees for their many years of commitment and service.
The Cypress Gardens Road site will continue to manufacture specialty resins for the bottle and packaging markets and will retain around 100 employees, the company said.
County officials were surprised and disappointed with the decision.
“DAK Americas has actively engaged with our team to help find other employment opportunities in Berkeley County,” said Kristen Lanier, Director of Economic Development. closure, other opportunities are discovered.
The company said affected workers will receive a severance package as part of the shutdown.
DuPont established the polyester fiber plant in Bushy Park in the early 1970s. DAK acquired the company in 2001 and expanded the Cooper River site to include resin production capacity in 2003. The the company’s other South Carolina business is located in Gaston, near Columbia.
DAK is a subsidiary of Alpek, a petrochemical company that manufactures a variety of polyester, plastic and chemical products owned by Alfa SAB de CV of Monterrey, Mexico.
In 2020, Alpek reported sales of $ 5.3 billion. The company operates 31 plants in the United States, Mexico, Canada, Brazil, Argentina, Chile and the United Kingdom, and employs more than 6,000 people.
Alpek is a company listed on the Mexican Stock Exchange.
Reach Andrew Miller at 843-937-5599. Follow him on Twitter @APMILLER_PandC