BAYONNE, N.J. — Citing continuing poor market conditions, AGC Chemicals Americas, a wholly owned subsidiary of the Asahi Glass Group, announced today that it will close its Bayonne, N.J., manufacturing facility effective Dec. 31. The closure will impact 157 employees.
“AGC Chemicals worked diligently for a number of years to improve the performance of its Bayonne business. Unfortunately, because of poor market conditions and changing market structure, it is no longer viable for us to continue operating the Bayonne plant. This is a very difficult decision for our company,” said company president Masumi Suehiro.
AGCCA management made the announcement to Bayonne employees in meetings earlier today. All will be offered job transition assistance.
The company also began notifying customers, appropriate governmental officials, suppliers and vendors.
AGCCA will relocate its North American headquarters from Bayonne to Exton, Pa., where it operates a technical service facility. It will continue to operate its fluoropolymer compounding facility in Thorndale, Pa., from which it will focus on its specialty fluoropolymer compounds and will continue to import from AGC parent and sister companies.