Diverse companies – from startups to multinational corporations – continue to relocate and expand existing operations in the Charleston region.
June 10, 2021
Polyester staple fibers manufacturing
DAK Americas is closing part of its Berkeley County manufacturing operations at the end of 2021, affecting 200 jobs at the Cooper River plant. “This is a very difficult decision for us,” said Jorge Young, DAK’s co-president. “The closure of the fibers operations comes after an extensive analysis of our ability to be cost competitive in an extremely challenging market that has faced prolonged and continuing pressure from low-priced imports. Current economics do not support the extensive investment needed to revitalize the site and meet future market needs. We thank our employees for their many years of commitment and service.” The Cypress Gardens Road site will continue to make specialty resins for the bottle and packaging markets and will retain about 100 employees, the company said. DAK is a subsidiary of Alpek, a petrochemical company that makes a variety of polyester, plastic and chemical products that’s owned by Alfa S.A.B. de C.V. of Monterrey, Mexico.