Intertape Polymer Group Inc. will invest $45 million over the next four years, beginning with expanding its facility near Danville, Va., creating 50 new jobs in the area.
The investment includes a 30,000-square-foot plant expansion plus investment in production, operations and capacity, according to a Jan. 19 news release from Virginia Gov. Ralph Northam.
IPG is publicly traded on the Toronto Stock Exchange and has offices in Sarasota, Fla., and Montreal.
"Today represents another exciting milestone for our Danville-Pittsylvania County operations located in the Ringgold Industrial Park," David Bennett, vice president of operations for IPG, said in the release. "Our flagship operation's continued achievements in manufacturing excellence have been driven by a highly skilled and engaged workforce, and this certainly was an important factor in our decision to expand here."
"The assets and processes involved in this expansion include growth in both new and existing businesses for IPG," Bennett added. "We are excited to begin our four-year journey and to continue collaborating with our state and local partners to deliver these projects and jobs to our community."
Bennett declined to comment in response to inquiry by Plastics News including details of what the total investment would fund or if it would all go toward IPG's Virginia location.
Intertape makes film- and paper-based pressure-sensitive and water-activated tapes, polyethylene and specialized polyolefin films, woven-coated fabrics and packaging systems for industrial and retail use.
IPG currently employs more than 300 at the 45-acre Virginia property. It employs approximately 3,500 with operations in 31 locations, including 21 manufacturing facilities in North America, four in Asia and one in Europe.
IPG is No. 18 in Plastics News' ranking of North American film and sheet manufacturers.