Invista will eliminate 330 million pounds of annual PET resin capacity in Greer, S.C., by the end of October.
Customers served by the Greer plant now will get resin shipped from Spartanburg, S.C. The Greer plant is owned by Invista, but is operated by Japanese conglomerate Mitsubishi Corp., which also operates a polyester film business at the site. Mitsubishi's polyester films unit will be unaffected by the PET resin closing, Invista officials said.
Wichita-based Invista has adequate capacity to make up for the loss of Greer, according to spokeswoman Jodie Stutzman. The firm doubled PET capacity in Queretaro, Mexico, last year, but Stutzman declined to provide details of that project. She also declined to provide a capacity total for the Spartanburg site.
Most of the Greer PET plant's workers were Mitsubishi employees. Stutzman said Mitsubishi will try to reassign some of those workers to its polyester film plant located at the same site. Stutzman said she did not know how many employees worked at the PET plant.
Based on estimated 2008 sales, Invista ranks as North America's largest PET maker, with a 24 percent market share.