Colyton firm’s future in doubt

PUBLISHED: 09:07 04 February 2014 | UPDATED: 09:09 04 February 2014

Colyton CeramTec

Colyton CeramTec

Archant

CeramTec plant - which employs some 80 people - is facing closure because of continuing losses

One of the Axe Valley’s biggest employers is facing closure.

CeramTec has issued a warning that the future of its Colyton factory is in serious doubt because of continuing losses.

Some 80 people are employed at the plant which has operated in the town for nearly 50 years.

News that the international company’s UK base is at risk came in a statement from Sigurd Adler, chief technical officer.

He said: “The profitability and viability of the CeramTec UK Ltd production facility at Colyton has declined steadily over the last 10 years.

“Huge efforts have been made by the company and its hardworking employees to improve profitability through a variety of initiatives, but these have sadly not been enough to counter the effect of the overall economic situation, and changing market conditions affecting the group’s UK business.

“There seems little prospect of significant future improvement.

“The group is therefore considering closing production at its Colyton facility, selling the site and passing current products to their group global network. If that were to happen, the group would be able to make and distribute these products at a reduced overall cost, with a view to extending their viable life within the group.

“This possibility unfortunately means that a number of jobs may be at risk, and the company has now started a consultation process with workplace representatives about this.

“During that consultation process, the company will try to reach agreement with representatives on a number of issues, including ways and means of avoiding or reducing the number of redundancy dismissals, and mitigating their consequences.

“If following consultation the decision is taken to close production at Colyton, the group will try to support staff in any way it can.

“The CeramTec Group is very sorry to have to make this announcement, particularly when the UK Company has worked so hard to try to bring the factory into profitability.”

0 comments

Other News Stories

17:00

Three Honiton venues joined forces to bring artisans and makers together for a spring fair.

Read more
12:02

Primary school youngsters pull on their running shoes to support CLIC Sargent children’s cancer charity

Read more
15:57

Local scout groups parade through Beer.

Read more

An ex-professional footballer from Spain has been jailed for 11 years for abusing five boys while in Britain.

Read more
11:00

See the Future held a successful fundraiser as supporters walked around the streets of Honiton.

Read more

Armed police were called out to an address in Exmouth on Wednesday, April 26.

Read more
08:01

Pre-school youngsters take a walk in the woods to admire the flowers and wildlife

Read more
Yesterday, 17:58

Twenty-eight members take part in the first outing of the new season

Read more
Yesterday, 17:00

Beer Scouts hosted the district’s annual St George’s Day parade on Saturday morning and gave it a new flavour.

Read more
Yesterday, 16:13

See our slideshow tribute to Exmouth’s vintage vehicle enthusiast - Reg Imray.

Read more

Local Weather

Partly Cloudy

Partly Cloudy

max temp: 9°C

min temp: -1°C

Most Read News

Useful Links

Family notices
Advertise in the paper
Submit a Story
Submit a Story
Buy Photos
Competitions
iwitness24
Facebook
Twitter
Google Plus Page
Reader Travel

Family Notices 24

Read Online

Image
Read the Midweek Herald e-edition E-edition

Newsletter Sign Up

Sign up to receive our regular email newsletter

Local business directory

Honiton's trusted business finder

HOT JOBS

Show Job Lists


Find planning applications