KILGORE, TEXAS (July 16, 2:05 p.m. ET) — Closure Systems International is investing $6.7 million in new equipment at its Kilgore plant.
The injection molder is eliminating eight product profiles, but is adding two new, larger product profiles, according to a news release from Kilgore Economic Development Corp.
CSI's Kilgore plant makes lids and closures for foods and non-carbonated beverages like milk, juice and liquor. It has 207 employees and ships billions of pieces each year, according to the release.
According to the release, the expansion will allow CSI to retain 16 jobs. KEDC granted CSI up to $265,000 in incentive reimbursements incrementally over the next two years for its job-retention plans.
“It's enabling us to maintain our workforce as it is,” said Jim Woodruff, plant manager, in the release. “Everything changes and, by bringing in new things, this helps us to not lose any people.”
CSI is a subsidiary of Reynolds Group Holdings Ltd., part of Auckland, New Zealand-based Rank Group Ltd.
CSI, formerly a division of Alcoa Inc., acquired the Kilgore plant in 2000 when it purchased Southern Plastics Inc.
Reynolds acquired CSI in 2008.
CSI, based in Indianapolis, has approximately 3,000 employees at 27 plants in the U.S. and worldwide. It is North America's 10th-largest injection molder with annual sales of $480 million, according to a recent Plastics News ranking.