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

PolyOne launches Geon BIO PVC using soy-based materials

April 24, 2015 11:48 am ET

More than a decade of research is paying off for Battelle Memorial Institute in the form of Geon BIO PVC compounds from PolyOne Corp.    More

Image

Study suggests infants at lower risk from BPA exposure than expected

April 23, 2015 4:58 pm ET

A new study shows that newborn babies may have less risk from bisphenol A exposure than originally thought.    More

Image

Braskem and Odebrecht reconsidering West Virginia plastics project

April 23, 2015 2:54 pm ET

Brazilian firms Braskem and Odebrecht have confirmed that they are re-evaluating Project Ascent, the major plastics and petrochemicals project they...    More

Image

DuPont center in India gets LEED Certification

April 23, 2015 1:07 pm ET

DuPont Co.'s Knowledge Center in Hyderabad, India, was awarded LEED certification by the U.S. Green Building Council.    More

Image

SiVance opens new R&D lab

April 23, 2015 12:07 pm ET

Milliken & Co. unit SiVance LLC has opened a new research and development lab for silicone and silane technologies in Gainesville, Fla.    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