Monterrey, Mexico. June 19, 2013
Alpek, S.A.B. de C.V. (“Alpek”) announced today the planned closure of all operations at its Cape Fear site, near Wilmington, NC. The site was built in the late 1960’s and acquired in 2001 by one of Alpek’s subsidiaries (DAK Americas LLC). The vast majority of the Cape Fear site customers will continue to be supplied from other Alpek facilities. The planned closure is expected to be completed by September 2013.
José de Jesús Valdez, Alpek’s CEO stated: “Closure of the Cape Fear site will enhance our low-cost position by leveraging more efficient assets in our multi-site network. Alpek’s combined production capabilities in the Americas will allow us to continue serving the market effectively and grow with our customers. By consolidating our polyester operations, we reaffirm our commitment to maximize value creation by maintaining a best-in-class manufacturing cost structure.”
About the Cape Fear site:
- Produces PTA, PET Resins and Polyester Staple Fibers.
- Accounts for approximately 3% of Alpek’s total asstes
