The facility has more than six times the annual capacity than the current site being replaced.
PRE has urged EU institutions to introduce safeguards in order to support the transition to a circular economy.
The solution comprises 78% renewable material and weighs 750g, equivalent to a traditional yoghurt six-pack.
The transaction will reinforce Fedrigoni’s position in the North American speciality fine papers market.
The facility now includes improved controls and data collection systems.
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The company did, however, see a continuation of its positive cash generation.
The Dornbirn site is more than double the size of the company’s former site in Hohenems.
The solution is produced at Pregis’ two US facilities using circular plastics from ExxonMobil.
The film will be manufactured at Innovia’s European facility in Płock.
The company’s upgrades will be complementary to newly installed machinery at the plants.