Petoskey Plastics, an environmentally focused recycler and plastic film, bag and resin manufacturer, will invest $30 million in a new manufacturing facility.
The COVID-19 pandemic pushed the company over capacity and created high customer demand for its blown film products such as trash bags, construction sheeting, and automotive seat covers. A combination of converting and extruding lines in the new Texas facility will increase output by approximately 15 percent over the next 12 months to help meet this growing demand. Petoskey Plastics currently manufactures blown film products with post-consumer recycled content in Petoskey, Michigan, Hartford City, Indiana and Morristown, Tennessee.
The existing Texas facility size is over 53,000 sq.ft. Building expansion is scheduled for completion in August 2022 and includes an additional 40,000 to 60,000 sq.ft. for converting and warehouse space, nine silos and rail spurs.
The facility will provide the opportunity to be closer to raw material suppliers in the Gulf and will aid in servicing West Coast customers. Delivery time will be cut in half for both raw material and finished goods and will be more competitive overall. The plant is to receive the most state-of-the art equipment available in the blown film market space over the coming months.
Petoskey Plastics plans to grow the Texas facility to a total of approximately 130,000 sq.ft. within 5 years.
Petoskey Plastics currently employs 564 associates and initially, the company plans to hire 20 associates at the new facility in Texas. After the expansion, they will add 55 new jobs.
Published in the June 2021 Edition