Alpek to Shut Down North Carolina PET Facility
Plastic Recycling | 2025-06-04 12:49:12
Through cost-reduction initiatives, the company aims to generate around $20 million in annualized savings on a run-rate basis, with effect from next year.
By Paul Ploumis
SEATTLE (Scrap Monster): Alpek S.A.B. de C.V., a petrochemical firm based in Monterrey, Mexico, declared that it will shut down its PET facility in Fayetteville, North Carolina, by the end of July. Nearly 90 workers are expected to be impacted by the shutdown, the company said in a Worker Adjustment and Retraining Notification Act (WARN) filing.
In 2001, Alpek purchased the Cedar Creek plant. It can generate roughly 35,000 tons of rPET flakes and has an installed capacity of 170,000 tons of PET resin.
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The choice is consistent with the business's long-term plan to maximize its worldwide presence and concentrate on more scalable and competitive assets. Since production will be moved to its other sites, its current clients will continue to receive high-quality product offerings and sustainable solutions, therefore the closure is unlikely to have an impact on them.
The corporation wants to save about $20 million annually on a run-rate basis through cost-cutting measures starting the next year.
Aplek had declared earlier in November 2024 that Styropek, its subsidiary, had made the decision to stop manufacturing at its BVPV Styrenics LLC factory in Monaca, Pennsylvania. About 140 employees were impacted by the shutdown.
