The acquisitive US-headquartered labels giant is known as MCC.

Its Cwmbran site prints pressure-sensitive labels for the beverage industry.

The BBC reported that MCC EMEA president Frederic Noel told staff in an email that the site was no longer viable, and work would be moved to other plants in Eastern Europe.

In its most recent accounts, for calendar year 2023, Multi-Color Cwmbran Ltd posted a 21% slump in sales to €59.4m (£49.7m), and an operating loss of €895k compared to an operating profit of €2.5m the prior year.

Most of the firm’s output was bound for Europe at that time, although European sales of €34.7m were down by more than €13.5m year-on-year.

UK sales nudged up at €21.4m (2022: £20.8m).

At the time the plant employed 227.

It became part of MCC in 2017 after the group acquired Constantia Flexibles’ labels wing in a £1bn deal.

MCC had not responded to Printweek’s requests for comment at the time of writing.

Multi-Color Corporation has global sales of around $3bn and has production sites in 29 countries.

Its other UK sites are in Cardiff, Daventry and Glasgow.

Last year South Wales lost a number of other print firms with the closures of DecTek, Big Bang Print and Lexon Group.