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…