Intertape Polymer plans $26 million investment in South Carolina

By Michael Lauzon
Correspondent

Published: February 27, 2013 4:13 pm ET
Updated: March 1, 2013 1:55 pm ET

Related to this story

Topics Packaging, Film & Sheet, Extrusion, Expansions

MONTREAL -- Intertape Polymer Group Inc. plans to invest $26 million to buy equipment and relocate from a current pressure-sensitive tape production facility in Columbia, S.C.

The firm, with corporate offices in Montreal and in Bradenton, Fla., wants to move to a single facility with a layout conducive to modern equipment, said spokesman Pierre Boucher in a telephone interview. Now the company occupies several buildings in Columbia. It wants to stay in South Carolina, in the Columbia area. It has not decided whether to build, lease or purchase a facility, according to Boucher.

Intertape will relocate and shut down its Columbia operation over two years ending the first half of 2015.

"Intertape will be undertaking its largest single facility improvement in many years," President and CEO Gregory Yull said in a news release. "This major investment of approximately $26 million in South Carolina is an unequivocal long-term commitment to the tape business, our employees and the state of South Carolina."

Intertape acquired the Columbia operation in 1998. It employs 350 and has total area of 350,000 square feet, said Boucher.

Intertape expects productivity gains and energy savings of more than $13 million per year starting in the first half of 2015.

“This new state-of-the-art manufacturing process is more environmentally friendly and is a welcome addition to the community,” noted Kelvin Washington, chairman of Richland County Council.

Intertape will take a charge of $28 million to $32 million for the plant relocation in the first quarter of 2013. The packaging company has already bought $2.7 million worth of equipment in the fourth quarter of 2012 and expects to spend another $15 million to $17 million in 2013 for equipment. Expenditures announced do not include whatever real estate expenses the company will incur.

Intertape makes a range of plastic film and paper-based pressure sensitive and water-activated tapes, polyolefin films, woven fabrics and related packaging systems for industrial and retail use. It employs about 1,800 in 16 facilities, including ten manufacturing plants in North America and one in Europe.


Comments

Intertape Polymer plans $26 million investment in South Carolina

By Michael Lauzon
Correspondent

Published: February 27, 2013 4:13 pm ET
Updated: March 1, 2013 1:55 pm ET

Post Your Comments


Back to story


More stories

Image

Amcor buys Chinese flexible packaging plant

December 18, 2014 1:47 pm ET

Australian-based global packaging company Amcor Ltd. is buying a Chinese flexible packaging business for 211 million RMB (US$31.4 million).    More

Image

Soy-based foam improves window performance, sustainability

December 18, 2014 12:51 pm ET

Launched in April 2013, Madison, Wis.-based WFI Global LLC is making a name in the fenestration market with what it says is a distinct product...    More

Image

Bubbles add some flair to 'Plain Jane' PET bottles

December 17, 2014 1:05 pm ET

Ron Puvak and the folks over at Plastic Technologies Inc. see big things coming from some very tiny bubbles.    More

McCann expanding in Ohio

December 17, 2014 11:59 am ET

Compounding firm McCann Plastics will spend $1.2 million on an expansion project that will create 15 new jobs at its plant in Green, Ohio.    More

Image

Bayer launches PC sheet production in Guangzhou, China

December 17, 2014 6:00 am ET

Bayer MaterialScience (BMS) has started its new polycarbonate sheet production plant at its Guangzhou, China, site.    More

Market Reports

Flexible Packaging Trends in North America

Our latest RESEARCH report examines trends in FLEXIBLE PACKAGING impacting the North American market including a review of economic conditions, key drivers of growth, materials pricing, M&A activity, sustainability challenges and the outlook for 2015.

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

January 14, 2015 - January 14, 2015Plastics in Automotive

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

October 27, 2015 - October 29, 2015Plastics Financial Summit - New York - 2015

More Events