Cheraw Chronicle

Complete News World

Balta Industries closes its Avelgem site, and half of the approximately 500 . jobs disappear

Balta Industries closes its Avelgem site, and half of the approximately 500 . jobs disappear

Carpet manufacturer Balta Rugs, which was sold in April by West Flemish carpet company Balta to British firm Victoria, wants to close its Avelgem location. There are 401 workers and 85 white-collar workers.

Part of the activities will move to the Belgian sites of Sint-Baafs-Vijve and Sint-Eloois-Vijve. Another part wants to house Balta Rugs in Turkish Usak. The reason for the closure is that the company refers to the difficult economic context, with increasing structural costs primarily affecting the spinning division.

About half of the on-site employees at Avlgem can work at the sites in Sint-Baafs-Vijve and Sint-Eloois-Vijve.

Modernization

At the same time, Balta Rugs announced an investment of 14 million euros to increase and modernize the logistics capacity of Sint-Baafs-Vijve. The site is growing into the central distribution center for Balta Rugs in Europe. In addition, additional investments are planned in the Usak facility.

Balta Rugs confirmed in a press release that it still believes in producing its yarn and rugs in Belgium, and is concentrated in two Belgian locations instead of three. “Through these interventions, we can improve the effectiveness of our department and give the future of our activities in Belgium every opportunity,” says Mark Dessen, CEO of Balta Rugs.

See also  Loans investing an additional 16 million euros in the service voucher sector | the interior