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 Expansions, Packaging, Extrusion, Film & Sheet

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

How CEO Santi is changing ITW

April 23, 2014 2:48 pm ET

Scott Santi is showing he can do more than just cut costs at Illinois Tool Works Inc.    More

Image

Pregis Corp. to get new owner

April 22, 2014 11:44 am ET

The private equity owner of Pregis Corp. is selling off its North American operations for an undisclosed sum.    More

Europe's bag use still expected to climb despite possible bag restrictions

April 22, 2014 9:29 am ET

Ceresana, a Germany-based research company, has released a report forecasting that by 2020 the sales volume of bags and sacks in Europe will reach 9....    More

DuPont: Asia's food packaging market at a major transition point

April 21, 2014 1:26 pm ET

DuPont Co. touted its packaging innovations and applications, and updated the firm's commercial status at a media event two days before the Chinaplas ...    More

Image

Savvy customers follow raw material prices as closely as processors

April 21, 2014 2:25 pm ET

Savvy customers closely follow the prices of raw materials. The result: in the film and sheet segment of the plastics industry, even if processors cou...    More

Market Reports

Thermoformed Packaging 2014 Market Review & Outlook North America

This in-depth report provides analysis and discussions of economic and political conditions, market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as strategies being implemented by thermoformed packaging companies. In addition, there are reviews of 25 leading thermoformers in the packaging segment, assessing their growth initiatives and performance metrics over 10 years.

Learn more

Automotive Market Review and Outlook 2014 The Americas

This 75-page report features in-depth analysis of the automotive industry for the Americas. It includes discussions of market trends, legislative/regulatory activity impacting production and threats as well as design strategies being implemented by the major automakers. Detailed charts and data tables outline North American automotive production over the last five years.

Learn more

Plastics Building & Construction Market Review and Outlook 2014 with MS Excel chart data

This report provides in-depth analysis of the plastic building and construction market for North America, including discussions of trends, opportunities, threats and the latest developments in construction trends that impact plastics processors.

Learn more

Upcoming Plastics News Events

May 6, 2014 - May 8, 2014Plastics in Medical Devices 2014

May 12, 2014 - May 12, 2014Plastics News Brazil Pharma Summit

September 10, 2014 - September 12, 2014Plastics Caps & Closures 2014

February 3, 2015 - February 7, 2015Plastics News Executive Forum 2015

More Events