Avantor Performance Materials will eliminate about 150 positions over the next two years at its Paris plant, the company announced Wednesday.
The plant currently employs 200 people, said Allison K. Hosak, vice president of global communications for Avantor.
Avantor is the third largest manufacturer by employment in Paris, according to the 2014 Kentucky Directory of Manufacturers compiled by the state Cabinet for Economic Development.
It is surpassed only by Central Motor Wheel America Inc., which makes automotive wheels and employs about 500, and Vermont Castings, which designs, makes and distributes hearth products and which employed 300 in 2013, according to the directory.
The Avantor plant in Paris "will remain operational, but will focus only on manufacturing, packaging and distribution activities relating to the company's electronic materials business unit," the statement said.
Activities relating to the Avantor's pharmaceutical and laboratory products divisions will move to other manufacturing sites, including the company's plant in Phillipsburg, N.J.
The decision to scale back operations in Paris is part of a global effort announced by the company. Avantor said it is also closing a facility in the Netherlands.
Michael Stubblefield, chief executive officer of Avantor, said in the statement that scaling back will allow the company "to compete more effectively on a global basis."
Stubblefield added: "We appreciate the contributions of our Paris employees and we are working closely with them, as well as customers, suppliers and other stakeholders, to facilitate a smooth transition."