Teknor Apex Co. is relocating color concentrates work done at its plant in Henderson, Ky., to a plant in Jacksonville, Texas.
The move is part of an internal restructuring at Pawtucket, R.I.-based Teknor Apex, according to President Suresh Swaminathan. "This is part of a normal process that we do," he said in a phone interview with Plastics News.
About 40 jobs will be affected by the move, with those employees being offered positions at a thermoplastic elastomer compounding unit that will continue to operate in Henderson or at Teknor Apex plants in North Carolina, South Carolina and Tennessee.
The move will take place during the next several months and will include the relocation of some machinery to Jacksonville. Teknor Apex will add several jobs there to handle the additional work. The building in Henderson that had been used for color concentrate work will be saved for future growth at that site.
Swaminathan said that Teknor Apex reassessed its color business after acquiring Lanier Color Co. in late 2021. Officials then decided that the work done in Henderson could be done more efficiently in Jacksonville.
Teknor Apex is one of North America's 30 largest compounders and concentrate makers. The firm operates 13 plants worldwide in the U.S., Belgium, Germany, China and Singapore and has annual sales of more than $1 billion.