CYPRESS PLANNING $20 MILLION EXPANSION

Comments Email Print

Cypress Packaging Inc., the Rochester, N.Y.-based unit of Cryovac, is proposing a $20 million expansion involving both physical and manufacturing capacity increases.

Cypress purchased land next to its plant and plans to break ground for a 60,000-square-foot addition in April. When the addition is completed in August, the firm will add a cast film line, two eight-color presses and a laminator. All the equipment has been ordered.

``The proposal goes before W.R. Grace in early March for final approval,'' Dave Fischer, vice president and general manager of Cypress/Cryovac, said in a Feb. 5 telephone interview.

W.R. Grace & Co. of Boca Raton, Fla., is the parent of Cryovac Division, which is headquartered in Duncan, S.C.

To meet customers' demands for packaging, Cypress first will increase manufacturing space to about 160,000 square feet, then revamp the slitting area and the shipping and receiving section.

``We deal a lot with high-tech packaging,'' Fischer said. ``For Kodak we make high-barrier films,'' and the firm is a major manufacturer of breathable films for produce.

The company expects to introduce new films this summer.

When Cryovac acquired Cypress last summer, Cryovac predicted that North America's flexible packaging market for fresh-cut produce would triple during the next five years, to about $100 million.

Fischer had been co-owner, president and chief executive officer of Cypress before the firm was sold to Cryovac. Cypress generates about $25 million in annual sales and has five blown film lines. Employees will be added as the equipment arrives, the company said. The plant currently employs 150.