January 11, 2013
COWPENS, S.C. (Jan. 11, 10:35 a.m. ET) — Caps and closures manufacturer Bericap North America Inc. is investing $29 million in an expansion that will double the size of its Cowpens plant.
Bericap immediately will begin installing new state-of-the-art equipment at the facility, but doesn’t plan to break ground on the 90,000-square-foot building expansion until the second half of 2013, according to a Jan. 10 news release.
The expansion should be complete by early 2014. Bericap plans to add 50 new jobs at the plant over the next five years.
The company will receive job-development credits from the South Carolina Coordinating Council for Economic Development when job targets are met.
Bericap, a subsidiary of Bericap GmbH & Co. of Budenheim, Germany, opened the 90,000-square-foot South Carolina plant in 2007. The plant does secondary operations like printing and assembly.
Bericap North America is based in Burlington, Ontario and has a plant in Ontario, Calif. The company had sales of $92 million in 2011, according to Plastics News’ annual survey of North American injection molders.