Home / Knowledge / News / Textiles / DAK Americas shutdowns Cape Fear Site
DAK Americas shutdowns Cape Fear Site
21
Jun '13
DAK Americas LLC (DAK) announced 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 by DAK Americas in 2001.

Approximately, 350 full service employees and 250 contract workers are employed on-site to produce PTA, PET Resins and Polyester Staple Fibers.

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.

DAK Americas

Must ReadView All

Textiles | On 29th Apr 2017

Textile sector may have uniform GST rate: Irani

The textile sector could have a uniform Goods and Services Tax (GST)...

Textiles | On 29th Apr 2017

EU rules needed to curb textile worker exploitation: MEPs

European Union (EU) rules are needed to oblige textile and clothing...

Apparel/Garments | On 29th Apr 2017

US retail operating growth to be 1.5-2.5% in 2017: Moody's

The forecast for operating income growth in the US over the next 12...

Interviews View All

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Evelyne Cholet
UCMTF

‘France had a reputation of being big in new ideas, but poor in marketing...

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
April 2017

April 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X