PVC Container Corp., a large extrusion blow molder of PVC and polyethylene containers, will spend $3 million to $5 million this year to get into the PET injection stretch blow molding business. Phillip Friedman, president and chief executive officer of the Eatontown, N.J., firm, said a 35,000-square-foot addition will be made to its Eatontown facility. The company also plans to build a new plant to do extrusion blow molding that should be in operation this year.
``We will be making significant progress in the markets we serve with our expansions,'' he said in a telephone interview. ``We are not in a position to say where the new plant will be built yet, but it will help us make a strong move into the PET area.''
The company makes 1-ounce to 2.5-gallon containers in PVC and PE for the personal-care, household, agricultural chemical and food packaging markets. Friedman said the PET capability expansion would be focused ongaining a larger share of the personal-care container market.
The firm was 33rd in Plastics News' 1995 ranking of North American blow molders, with $40 million in sales for the fiscal year ended June 30, 1995.
PVC Container operates blow molding facilities in Paris, Ill., and Eatontown, plus a subsidiary, Airopak Corp, of Manchester, Pa.
Another wholly owned subsidiary, Novatec Plastics and Chemicals Co., supplies PVC and specialty plastic compounds and alloys in the United States. PVC Container also has a joint venture, Edge Craft USA, which extrudes vinyl edge trim.