DAK Americas Consolidates Operations With The Closure Of Its Cape Fear Site
Jorge Young, DAK Americas' President stated: "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. 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."
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.
Posted on June 25, 2013
Source: DAK Americas LLC