Pactiv Corp will spend $8.3 million and add nearly 100 employees at its plant in Temple.
According to officials at the Temple Economic Development Corp., Pactiv, based in Lake Forest, Ill., firm signed five-year tax abatement agreements with the city and nearby Temple College to get a portion of the funding needed, and will build new infrastructure within the existing plant.
The project is scheduled to be completed in November.
The addition will be for 12 new manufacturing lines similar to those used to make Hefty garbage bags and other private-label brands, said Lee Peterson, president of the economic development firm, in a July 7 telephone interview.
The Temple plant employs about 700, and has been in operation since about the mid-1970s, he said, and the expansion will add 86 full-time positions.
“They are big community supporters. It's a great operation,” Peterson said. “Especially in these difficult economic times, it's wonderful to be able to add jobs and to see our work to further this expansion resulting in an agreement.”
Calls to Pactiv seeking comment were not returned.
Since November, Pactiv has been a subsidiary of Auckland, New Zealand's Reynolds Group Holdings Ltd., part of billionaire Graeme Hart's Rank Group Ltd. packaging empire.