Caprolactam supplier will shed hundreds of jobs, while operations in Europe and China continue
Caprolactam supplier Fibrant is winding down its US operations. The company, which was sold off by Netherlands firm DSM, will close its production site in Augusta, Georgia, with the loss of several hundred jobs.
The company said the closure was the ‘only viable course of action’ in the face of extended unfavourable market conditions caused by poor commodity chemical prices, as well as ‘global supply and demand dynamics’.
Fibrant will continue to produce caprolactam for nylon manufacture in the Netherlands and China. The company employs around 1200 staff across the three continents.