After producing coke for more than 100 years, Corrimal Cokeworks has announced plans to close the operation next April.
The Illawarra Coke Company (ICC) told its workforce today that due to reduced demand, the plant had no option but to shut down.
The decision comes after the company closed its Coalcliff Cokeworks six months ago.
ICC managing director Rex Wright said that while the closure of the Coalcliff site had reduced costs, a global excess of coke and reduced demand had made keeping the Corrimal site open unviable, The Illawarra Mercury reported.
“ICC has been battling negative market conditions for three years and despite every effort to maintain Corrimal Cokeworks as a viable business, our present cost base makes us uncompetitive in the current global market conditions,” Wright said.
“We very much regret this decision but ICC is a small, privately owned company and, after exhausting all alternative options, the board has no responsible choice other than to permanently close Corrimal Cokeworks.”
The site will continue to operate at full production until April to fulfil existing customer orders.
All workers will receive full entitlements and redundancy payouts.
Corrimal Cokeworks officially opened on September 5, 1912.