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

Brown signs California's plastic bag ban into law

September 30, 2014 1:38 pm ET

Gov. Jerry Brown (D) made it official today: plastic bags are banned across the entire state of California.    More

Image

Teens put a cap on watery ketchup

September 30, 2014 1:57 pm ET

Whether you spell it ketchup or catsup, use it on burgers or fries, or prefer Heinz or Hunt's, there is one universal problem for the ages: That...    More

Image

Amcor planning more growth in Asia

September 30, 2014 10:24 am ET

Flexible packaging firm Amcor Ltd. is rapidly expanding its presence in the Asian market. The company's top official in the region said it will soon...    More

Image

Uflex to build large flexible packaging plant in western India

September 30, 2014 10:01 am ET

Flexible packaging company Uflex Ltd. is planning a major new plant in the western Indian state of Gujarat.    More

Image

Malaysia's Scientex investing in PE, BOPP film capacity

September 30, 2014 9:51 am ET

Flexible packaging manufacturer Scientex Bhd, based in Malaysia, is planning investment of 300 million Malaysia ringgits ($91.4 million) over three ye...    More

Market Reports

Plastics in Mexico - State of the Industry Report

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

Our industry analysis highlights macro industry trends and micro trends faced by companies that do business in Mexico. The report also provides key industry statistics and forecasts to anticipate future industry expansion.

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

Injection Molders Market Report & Ranking 2014

This special package contains our 132-page 2014 Market Report on the Injection Molding segment and our exclusive 2014 RANKINGS database of 500+ Injection Molders for a discounted package price.

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

More Events