Alpek Polyester will shut down its plastic resin operations in Fayetteville at the end of July, resulting in the loss of 180 jobs, according to a Worker Adjustment and Retraining Notification (WARN) filed with the state.
Alpek Polyester acquired the site in 2001 and says the decision was made in an effort to reduce costs.
The Mexico-based company, which has corporate offices in Charlotte and Wilmington, says shutting down production operations in Fayetteville will enable it to generate approximately $20 million in annualized savings, effective by 2026.
“This reinforces Alpek’s long-term vision to solidify its core business and strengthen its financial position,” according to a release. The company will reallocate work to other facilities.
Workers in Fayetteville are not a part of a union, and bumping rights do not exist, according to paperwork filed with the N.C. Department of Commerce.
Alpek has more than 5,500 employees at 34 sites in nine countries.
One of the two facilities in Fayetteville being shut down manufactured the polyester resin used to make shampoo bottles, prescription drug containers and other products. The other facility recycles plastic bottles.
Company officials did not immediately return phone messages seeking comment.