CHARLOTTE, NC, May 5, 2021-

May 4, 2021 DAK Americas LLC (“DAK”) announced today its plan to close the Polyester Staple Fiber(PSF) manufacturing operations at its Cooper River Site, near Charleston, SC. The site will continue to produce PET Resins to serve the bottle and packaging markets on its newer capacity installed in 2003.

The 150 Ktons per year PSF operations, which serve the Nonwovens and Textile markets, and were built more than 40 years ago, will close on December 31, 2021. The shutdown will impact approximately 200 full-service employee and 40 contract workers. Employees will be provided timely notice and a comprehensive separation package as part of the closure.

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