DAK Americas CEO talks Cape Fear site closure

Jorge Young, DAK Americas president & CEO, told PlasticsToday there are many factors that contributed to shutting down its Cape Fear site, near Wilmington, NC.

"Aging technologies and infrastructure; DAK's ability to leverage more efficient assets in its multi-site network without affecting the ability to continue to supply our valued customers," were two reasons given by Young.

DAK Americas, one of the largest PET producers in the world, announced on June 19 that it would cease operations at the Cape Fear site, which was built in the late 1960s and acquired by the company in 2001 from DuPont.

About 350 full-service employees and 250 contract workers are employed on-site to produce PTA, PET resins and polyester staple fibers. The PET resin capacity of the facility is 205,000 tons/yr. The site is anticipated to close by September 2013.

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