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

An event will be held in Honiton next month to give interested people the opportunity to find out about proposals to change and improve the way care for the elderly is provided.

Read more

More than 100 gift-filled shoeboxes from across East Devon have been sent to needy children as part of this year’s Operation Christmas Child effort.

Read more
Yesterday, 17:00

Seaton Garden Club’s final monthly meeting for this year will take place on Thursday, December 8, at the Masonic Hall, Queen Street, at 2.30pm.

Read more
Yesterday, 17:00

Honiton offers centuries of tradition and shoppers can take advantage of cheaper parking and extended market hours in the build-up to Christmas

Read more
Yesterday, 15:00

Lyme Bay Chorale’s Christmas Concert is to be dedicated to the late Sir Neville Marriner, the world famous conductor who lived locally.

Read more
Yesterday, 11:00

Engraver Graham Short demonstrated his amazing work to members of Axminster Art Society.

Read more
Yesterday, 07:00

Youngsters across the area raised money for Children in Need through a series of events recently.

Read more
Saturday, December 3, 2016

Seaton Branch of the Royal British Legion’s poppy collections raised a massive £14,763.84 this year – up £2,500 on 2015.

Read more
Saturday, December 3, 2016

Lyme’s two Town Mill galleries are currently featuring up-cycled vintage items as well as brand-new artwork to help people sort out their Christmas gift list.

Read more
Saturday, December 3, 2016

Following the success of its Silent Auction in October, Musbury Church, is having a Christmas Craft Fayre in Musbury Village Hall on Saturday, December 3, from 10am to 1pm.

Read more

Local Weather

Overcast

Overcast

max temp: 5°C

min temp: 5°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

Local business directory

Honiton's trusted business finder

Show Job Lists


Find planning applications