Petoskey Plastics launching $16 million expansion

Published: December 19, 2012 6:00 am ET

Related to this story

Topics Automotive, Packaging, Sustainability, Materials, Film & Sheet, Recycling, Suppliers

PETOSKEY, MICH. (Dec. 19, 12:10 p.m. ET) — Recycler and film extruder Petoskey Plastics is launching a $16 million expansion across all three of its facilities, located in Hartford City, Ind.; Morristown, Tenn.; and Petoskey, Mich.

The majority of that investment will be at Petoskey’s Hartford City recycling facility. The company plans to add several blown film lines that will enable the plant to both process post-consumer plastic material and manufacture products made from that material, according to a news release from the Indiana Business Council.

When Petoskey completes the expansion – slated for April – the facility will make “highly cost-effective bags and film made with the lowest carbon footprint in North America,” Petoskey President Paul Keiswetter said in the release.

Company officials did not immediately return calls seeking comment.

Petoskey opened its 300,000 square-foot Hartford City facility in 2007. In 2011, the company spent $3 million to increase the plant’s capacity. It reprocessed more than 30 million pounds of post-consumer plastic last year.

The company plans to add 30 jobs at the location, but is having trouble finding applicants to fill the positions, according to the release.

Most of the new jobs are hourly manufacturing positions where employees will work 12-hour shifts and be required to have a high school diploma. Petoskey offers good wages and benefits, said Kristin Clark, human resources director, in the release.

The Petoskey-based company makes blown plastic bags and films for the automotive, food, retail, packaging and construction markets. It had total sales of about $100 million in 2011, according to the annual Plastics News survey of the industry.


Comments

Petoskey Plastics launching $16 million expansion

Published: December 19, 2012 6:00 am ET

Post Your Comments


Back to story


More stories

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

2014 sees modest sales increase, but profit decrease, for Dow Chemical

January 29, 2015 4:20 pm ET

Dow Chemical Co. delivered modest sales growth in 2014, but the firm's profit took a tumble.    More

Image

Resin prices continuing to tumble

January 29, 2015 2:24 pm ET

The ongoing slide in crude oil prices is taking commodity resin prices down as well.    More

Image

Lund adds to aftermarket auto products portfolio with buy of Bushwacker

January 29, 2015 2:49 pm ET

Lund International Inc. has expanded its portfolio of plastic aftermarket vehicle accessories by acquiring Bushwacker Inc.    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.R...    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