Petoskey Plastics launching $16 million expansion

By Jessica Holbrook

Published: December 19, 2012 6:00 am ET

Related to this story

Topics Materials Suppliers Sustainability Automotive Packaging Film & Sheet Recycling
Companies & Associations

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

By Jessica Holbrook

Published: December 19, 2012 6:00 am ET

Post Your Comments


Back to story


More stories

Image

Ford moving forward in carbon fiber for 'high volume' use

April 17, 2015 10:21 am ET

Ford Motor Co. has signed a deal with a carbon-fiber manufacturer to jointly explore “high-volume” automotive uses for the lightweight...    More

Image

Force majeure declared at six European sites since mid-March

April 17, 2015 1:10 pm ET

At least six European resin makers have declared force majeure on polyethylene, polypropylene and related products since mid-March, leading to higher ...    More

Image

Executives step down from Star Thermoplastics

April 17, 2015 12:56 pm ET

Executives Randall Fortin and Larry Johnson no longer are with materials firm Star Thermoplastics Alloys & Rubbers Inc.    More

Image

Zoltek expanding CF capacity in Europe

April 17, 2015 10:12 am ET

Leading carbon fiber group Zoltek Corp. has signed a strategic agreement with the Hungarian government to expand its operation in northern Hungary,...    More

Image

Hanwha Azdel adds capacity in Lynchburg

April 16, 2015 2:01 pm ET

Composite maker Hanwha Azdel Inc. will add space and a new production line at its Lynchburg, Va., production facility, the company announced April 16.    More

Market Reports

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

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

Learn more

Upcoming Plastics News Events

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

September 15, 2015 - September 17, 2015Plastics Caps & Closures - September 2015

More Events