Alpek will cease operations at its PET facility in North Carolina
Alpek, S.A.B. de C.V. announced the strategic decision to cease operations at its Cedar Creek facility in Fayetteville, North Carolina by July 31, 2025. The site, acquired by Alpek in 2001, has an installed capacity of 170,000t of PET resin and approximately 35,000t of rPET flake production.
This decision is aligned with Alpek’s long-term strategy to optimise its global footprint and focus on its more competitive and scalable assets. The company aims to reallocate its production to continue serving its customers with high quality products and sustainable solutions by leveraging its regional and global network.
Through this step, which is part of Alpek’s Cost Reduction Strategic Initiatives, the company will be able to generate approximately U.S. $20 million in annualised savings on a run-rate basis, effective by 2026. This is intended to reinforce Alpek’s long-term vision to solidify its core business and strengthen its financial position.