Plastics News' assistant managing editor Jeannie Reall and staff reporter Steve Toloken gathered the following briefs from Pack Expo 98, held Nov. 8-12 in Chicago.
AEP adding capacity for LLDPE stretch film
AEP Industries Inc. is streamlining its facility in Matthews, N.C., to boost capacity for linear low density polyethylene stretch blown film by 10 million pounds annually.
``We're in a sold-out position,'' said Glenn Cooper, corporate vice president for the stretch film division.
The process should be complete within 60 days, he said.
The publicly held company is based in South Hackensack, N.J., and reported 1997 film sales of $469.6 million.
Placon sells line to Anchor Packaging
Thermoformer Placon Corp. sold its BonFaire line of deli trays, food trays and airline trays to Anchor Packaging of Fenton, Mo., Placon officials said.
Terms were not disclosed, but the products represented about 8 percent of Placon's roughly $45 million in sales, said Gregory Harper, director of business development for Madison, Wis.-based Placon.
The firm sold the line and some equipment in June because it wants to focus on retail packaging, he said. Placon sales have been growing at about 18 percent a year in the 1990s, Harper said.