Colyton firm’s future in doubt

09:07 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

12:55
The Thelma Hulbert Gallery

Honiton’s Thelma Hulbert Gallery (THG) has been announced as the winner in a competition to bring a top contemporary artist to town.

Read more
09:02
Resplendent in his robes, Town Crier Derek Wenn ensured the Colyton Tractor run had a fitting send off. Ref mha 7902-22-15SH. Picture: Simon Horn

More than 120 agricultural vehicles take part in this year’s charity fundraiser

Read more
Yesterday, 18:30
Computer

Anyone who can help should get in touch with steering group vice-chairman Jackie Wadsworth.

Read more
Sunday, May 24, 2015
Dan Lavery of the Devon Freewheelers. Ref exe 1231-13-15SH. Picture: Simon Horn

Dan Lavery is determined Devon Freewheelers will help save lives – as a Belfast ‘hidden hero’ undoubtedly helped saved wife Shelley’s life in 2005.

Read more
Saturday, May 23, 2015
Sam Bader

Dad-of-one Sam Bader, 28, who grew up in Ottery St Mary, supports Devon Freewheelers by sponsoring one of the motorbikes, Bravo One.

Read more
Friday, May 22, 2015
EDDC's Knowle HQ. Ref shs 7705-15-12SH Picture: Simon Horn

Independent councillors call for extraordinary meeting to debate the office relocation

Read more
Friday, May 22, 2015
Checks were carried out by police at Honiton Tesco as part of a drive to cut down on defective vehicles. PC Steve Lee with Tesco staff Michael Williams, Mark Dowell, Angela Lockyer and Naomi Curtis. Ref mhh 6528-21-15AW. Picture: Alex Walton

The activity was part of Operation Mascot, the rural East Devon policing sector’s initiative to tackle travelling criminals, address driving offences and improve road safety.

Read more
Friday, May 22, 2015
First year Sixth Form students Mikey Rose, Brad Burraston and Tom Broderick

Axe Valley Community College sixth formers selected to take part in for philosophy, politics and economics programme

Read more
Friday, May 22, 2015
Dan Lavery of the Devon Freewheelers. Ref exe 1256-13-15SH. Picture: Simon Horn

Devon Freewheelers founder Daniel Lavery will do whatever it takes to keep his lifeline service on the road so other families can receive the same help and care that saved his wife’s life.

Read more
Thursday, May 21, 2015
Seaton Wetlands

Money raised will to towards the management of the nature reserve

Read more

Local Weather

Partly Cloudy

Partly Cloudy

max temp: 17°C

min temp: 5°C

Most Read News

Great British Life


Great British Life
Family notices
Advertise in the paper
Submit a Story
Submit a Story
Buy Photos
Competitions
iwitness24
Facebook
Twitter
Google Plus Page
Family Notices 24

Digital Edition

Image
Read the Midweek Herald e-edition today E-edition



Honiton's trusted business finder