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

Sealed Air's move to Charlotte will put it all under 'One Roof'

July 25, 2014 2:03 pm ET

Sealed Air Corp. shook the ground last week by announcing plans to relocate its headquarters from Elmwood Park, N.J., to Charlotte, N.C., in a move...    More

Image

Bemis' product strategy paying off with record earnings per share

July 24, 2014 2:56 pm ET

Bemis Co. Inc. is feeling good about itself these days as the flexible packaging and pressure sensitive materials firm is posting record earnings per ...    More

Image

Sealed Air moving headquarters, 1,200 jobs to Charlotte, N.C.

July 23, 2014 2:06 pm ET

Sealed Air Corp. — which is known for its Bubble Wrap brand — is moving its headquarters from Elmwood Park, N.J., to Charlotte, N.C., and ...    More

Image

Intek investing $1 million to expand capacity

July 23, 2014 1:59 pm ET

Custom profile extruder Intek Plastics Inc. has invested more than $1 million to expand its production capacity by 17 percent.    More

Image

Successful packaging is about more than the materials you use

July 23, 2014 1:49 pm ET

“People do not forget how packaging makes them feel," says Marla Donahue. "Remember how frustrated you felt when you couldn't get that packaging...    More

Market Reports

Plastics Recyclers Data Report & Directory

This exclusive MS Excel database contains all the companies from Plastics News' ranking of top North American Recyclers and Brokers by reprocessed volume and also includes a directory with materials processes, services offered and company contact information. Data is based on primary research by PN editorial staff.

Learn more

2014 Injection Molding Industry Report

GROWTH, OPPORTUNITY IN SIGHT FOR INJECTION MOLDERS IN 2014

In the wake of the economic turbulence earlier in this decade, molders today find themselves in much better shape. Molders are gaining a competitive advantage by investing in people, equipment and seeking inroads into new markets on a global scale.

Growth in the injection molding industry is going to be driven by low financing costs and a continued move to reshore some business.

Learn more

Shale Gas Market - Analysis of North American Region

This report highlights the impact of shale-based natural gas on the North American plastics market and features an in-depth analysis of production trends in the United States during 2013 and a forecast for 2014 and beyond.

Learn more

Upcoming Plastics News Events

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

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

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

More Events