Berry reopening Madisonville, Ky., plant

Published: October 30, 2012 6:00 am ET

Related to this story

Topics Packaging, Injection Molding

EVANSVILLE, IND. (Oct. 30, 3 p.m. ET) – Berry Plastics Corp. plans to invest $96 million to reopen a plant in Madisonville, Ky., that it closed in early 2012.

Kentucky Gov. Steve Beshear announced the decision Oct. 30. The plant will employ more than 400 full-time workers.

The Evansville-based company, which went public on the New York Stock Exchange in September, will reconfigure the Madisonville operation to increase capacity. The plant will make rigid open-top products.

The plant formerly made plastic closures. Berry bought the plant as part of its August 2011 purchase of Rexam plc’s specialty and beverage closures business.

Before it closed, the plant employed about 140.

“Today’s announcement is a demonstration that Berry Plastics continues to build on its growth as a leading global manufacturer in its field,” Beshear said in a news release.

Jon Rich, chairman and CEO of Berry Plastics, said the plant will re-start production in 2013.

The Kentucky Economic Development Finance Authority has preliminarily approved the company for tax incentives up to $10 million through the Kentucky Business Investment program. The performance-based incentive allows a company to keep a portion of its investment over the term of the agreement through corporate income tax credits and wage assessments by meeting job and investment targets.

KEDFA also approved Berry Plastics for tax benefits up to $450,000 through the Kentucky Enterprise Initiative Act, which allows approved companies to recoup Kentucky sales and use tax on construction costs, building fixtures, equipment used in research and development and electronic processing equipment.

When the plant closed, Berry blamed excess capacity, and said the decision would help streamline operations and improve its cost structure. At the time, Berry officials said they had not decided on future plans for the Madisonville plant.


Comments

Berry reopening Madisonville, Ky., plant

Published: October 30, 2012 6:00 am ET

Post Your Comments


Back to story


More stories

Image

French investment firm buys Alabama-based CSP Technologies

January 30, 2015 1:10 pm ET

A French investment firm has finalized a deal to buy CSP Technologies Inc., an Auburn, Ala., company that makes specialty plastics packaging.    More

Image

Report: Brands are falling short on packaging sustainability

January 29, 2015 5:19 pm ET

Packaging in general, and plastic packaging in particular, has a long way to go in terms of recycling, according to a pair of environmental groups.    More

Image

Profit dips at Bemis Co. Inc.

January 29, 2015 2:04 pm ET

Profit dipped for Bemis Co. Inc. for all of 2014, but were up during the fourth quarter in what the company's leader called a “pivotal year....    More

Image

Falcon Plastics expands in South Dakota

January 29, 2015 11:45 am ET

Falcon Plastics Inc. is putting the final touches on a 60,000 square foot addition that will nearly double the size of its Brookings, S.D.,...    More

Image

Plastics News Now: Losing weight with style, plastics in the Dragons' Den

January 29, 2015 6:00 am ET

A 19-year-old entrepreneur brings business to a U.K. injection molder after winning support on TV's Dragons' Den, auto suppliers combine h...    More

Market Reports

Plastics in Automotive: Innovation & Emerging Trends

This special report newly released by PN and sponsored by The Conair Group examines current trends in the use of plastics in automotive, materials innovations and the changing landscape. It includes a review of legislative/regulatory activity impacting vehicle development and lightweighting, market opportunities & challenges for mold and toolmakers, innovative design strategies being implemented by major OEMs and suppliers, as well as a review of key indicators in Canada, Mexico, Brazil and China.

Learn more

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Injection Molding Market Analysis & Processor Rankings

Plastics News BUNDLED package contains our in-depth Market Analysis of the Injection Molding segment. You will gain keen insight on current trends and our economic outlook.

As a BONUS this includes PN's updated 2014 database of North American Injection Molders RANKED by sales volume. Sort, merge, mail & prospect by end market, materials processed, region, # of plants and more.

Learn more

Upcoming Plastics News Events

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

More Events