Global speciality packaging producer ASG is set to restructure its product offerings across the Americas, investing in some facilities while closing others.
The company's move is part of its multiyear strategy to develop lithographic capabilities at its paperboard facilities in Toronto, Canada, North Carolina and Illinois, US, and Mexico.
ASG Americas CEO Mark Caines said that the company has streamlined its cost centres since its formation two years ago with the acquisition of AGI and Shorewood Packaging by Atlas Holdings.
"ASG is making numerous technological upgrades worldwide to better serve leading and demanding consumer brands and long-term customers," Caines added.
"We're also looking to grow packaging segments in beauty and personal care, spirits, confectionery, and healthcare."
The company has allotted capital of $18m for the installation of printing presses at its paperboard packaging facilities in Toronto and Hendersonville, North Carolina. Nearly $8.55m will be invested to expand the Hendersonville plant, including the installation of a new press in early 2015. The expansion is aimed at serving new customers in the entertainment, healthcare, and pharmaceutical sectors.
The company has also installed additional press capacity at its plant in Aguascalientes, Mexico, and is also considering investing in the set box business there.
ASG also revealed its plan to close its plant in Indianapolis by the end of March, which will affect 161 employees.