INDEVCO Plastics has launched its first petrochemical packaging manufacturing facility in Texas, US.
The moves comes as polymer exports are expected to increase, with the new plant to enable the company to meet the packaging needs of the country’s petrochemical market.
Commenting on the development, INDEVCO Plastics operations executive vice-president Robert Laird said: "We are excited to establish a leading-edge manufacturing presence in the US. Our Longview facility will be well-equipped to deliver our customers a high-quality, cost-efficient and cutting-edge packaging solution."
The company will equip the new plant with advanced equipment, under a partnership with investment advisory firm Arion Partners, and with the support of Longview Economic Development.
INDEVCO Plastics will offer cost-effective packaging by leveraging manufacturing platforms in the US with the new plant in Texas and the Middle East through sister companies in INDEVCO Group.
Currently, INDEVCO Group has more than 10,250 employees in 72 companies worldwide.
The group has 51 manufacturing plants across the US, Lebanon, Saudi Arabia, Egypt, United Arab Emirates, Greece, Ghana, Iraq and Cyprus, while 21 commercial companies are located throughout Europe, Africa and South Asia.
INDEVCO Group offers paper and plastic flexible packaging, corrugated containers and displays, consumer and away-from-home disposables, jumbo tissue, and energy solutions.