00:31 AM | June 19, 2013 | Robert Westervelt
Alpek’s DAK Americas unit said today that it will shut all operations at its Cape Fear site near Wilmington, NC, where it produces purified terephthaic acid (PTA), polyethylene terephthalate (PET) resins, and polyester staple fiber. The shut down is expected to be completed by September 2013. Approximately, 350 DAK employees and 250 contract workers are employed at the site.
DAK currently has capacity for 600,000 m.t./year of PTA and 200,000 m.t./year of PET bottle resin at Cape Fear, according to IHS Chemical estimates. DAK’s other US PET facilities are located in Bay St. Louis, MS; Charleston, SC; Columbia, SC; and Fayetteville, NC. The company’s PET bottle resin capacity is estimated at nearly 1.8 million m.t./year. The company operates another PTA production at Columbia, SC with capacity of 300,000 m.t./year. DAK has built a leading US PET position as a result of its 2001 acquisition of DuPont’s PET assets, as well as separate acquisitions of the PET businesses of Eastman Chemical and Wellman in 2011.
“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,” says JorgeYoung, DAK Americas’ president. DAK’s Cape Fear site was built in the late 1960’s and acquired from DuPont in 2001.