DuraFiber Technologies announced today plans to close three production facilities in the Carolinas, including a plant in Winnsboro, if it doesn’t find a buyer for them by Sept. 11.
The company said a total of 800 employees who work at the Fairfield County plant and two facilities in Salisbury and Shelby, N.C., will be affected by the closing.
As of this morning, the S.C. Department of Employment and Workforce did not list a Worker Adjustment and Retraining Notice for the Winnsboro facility.
The company said in a press release that its taking steps to shutter its plants following a series of “initiatives to lower production costs in response to increased competition in the textile industry, as well as a thorough review of strategic alternatives, including potential asset sales.”
Headquartered in the Charlotte suburb of Huntersville, DuraFiber's international operations in France, Germany, and Mexico are unaffected by this announcement and will continue to operate as usual.
"While today's announcement is a difficult one to make, increased labor, energy, transportation and raw material costs — in addition to continued market pressures — have strained DuraFiber's finances to a point that is no longer sustainable,” DuraFiber’s CEO Frank Papa said in a press release.
“Our team will work diligently to ensure a smooth transition for our employees, customers, and suppliers during the next 60 days, even as we continue to pursue strategic alternatives to keep these plants open."
The Winnsboro plant, located at 199 Maple St., was acquired from Invista in March 2008. The plant produces industrial polyester tire fabric.
Built in 1898, the Winnsboro plant is located on 45 acres and has 473,000 square feet of manufacturing area.
DuraFiber is a global supplier of high-tenacity polyester fibers and fabrics, Nylon-6, engineered fabrics, sewing thread fibers and advanced materials for consumer and industrial applications.