ALPEK: Cooper River PET resin operations will transfer production to other sites

Alpek S.A.B. de C.V. is consistently looking for ways to create value by optimizing its footprint and increasing its cost competitiveness. As such, it has been growing with more efficient assets that maintain the Company as one of the leaders in its industry. Alpek will transfer Cooper River’s PET Resin production to its other sites, enabling cost reductions of approximately U.S. $20 million at an annualized rate and improvements in capacity utilization.