Alpek: shutdown of PET resin operations at its Cooper River site

Alpek, S.A.B. de C.V.announced the shutdown of its PET resin operations at its Cooper River site near Charleston, South Carolina, USA for an indefinite period. The site was built in the early 1970’s, has an installed capacity of 170,000 t of PET resin, and represents approximately 2% of Alpek’s total assets.

Alpek is consistently looking for ways to create value by optimising its footprint and increasing its cost competitiveness. As such, it has been growing with more efficient assets that maintain the company as one of the leaders in its industry. Alpek will transfer Cooper River’s PET Resin production to its other sites, enabling cost reductions of approximately U.S. $20 million at an annualised rate and improvements in capacity utilisation.

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