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

Plastic Omnium makes China investment push

February 26, 2015 4:35 pm ET

Three of the six new plants that automotive molder Plastic Omnium SA plans this year will be in China, part of a broader push it’s making in...    More

Image

Polypropylene prices rise, while PE and PS fall

February 26, 2015 4:01 pm ET

North American prices for polyethylene and polystyrene resins continued to fall in February, while regional prices for polypropylene showed a...    More

Image

NFM Welding Engineers opens direct office in China

February 26, 2015 2:05 pm ET

MASSILLON, OHIO — Extrusion equipment manufacturer NFM Welding Engineers Inc. has opened a sales office in Dalian, China.    More

Image

Price and sustainability both key to success for carpet recycler

February 26, 2015 1:28 pm ET

DALLAS — A green message will get you in the door, but ultimately that sustainability message has to be backed up with quality at the right...    More

Image

Silicone baby teether company working with Michigan recycler

February 26, 2015 1:14 pm ET

A recycling company and a startup will try to keep silicone baby products out of landfill.    More

Market Reports

Flexible Packaging Trends in North America

North America represents about 30 percent of the global consumption of flexible packaging. Annual growth in this region is forecast at 4 percent during the next 5 years.

For more insight on growth opportunities, drivers of growth and the outlook for 2015, download this report.

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

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 billion plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

Learn more

Upcoming Plastics News Events

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

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

More Events