Thermal packaging solutions provider Packaging Technology Group (PTG) has opened a new facility in Louisville, Kentucky, US.
Scheduled for completion in April 2020, the new facility will increase the company’s production capacity and expand its portfolio. It will also provide at least 40 new jobs in the area.
The company received $800,000 in preliminary state tax credits to open the Louisville branch.
PTG CEO Bill Blezard said: “We are very grateful for Governor Andy Beshear, Louisville Mayor Greg Fischer and the Kentucky Economic Development Finance Authority (KEDFA) for their support in the great state of Kentucky.
“This new location reinforces our continued commitment to our clients and partners in the biopharmaceutical and life sciences industry.”
Established in 2005, PTG’s thermal shipping and packaging solutions are offered for clients in the biopharmaceutical and life sciences sector.
In a separate development, the Massachusetts-based company has launched TRUEtemp Naturals Cellulose Shipper, a new product line of thermo-efficient, 100% curbside recyclable and environmentally sustainable packaging solutions.
Developed from curbside recyclable insulation fibre that maintains temperature fluctuation, the packing keeps the contents stable until its arrival to the final destination.
Western Michigan University has tested the OCC-E certified cellulose insulation.
PTG COO Thomas Lawlor said: “Pharma cold-chain logistics is predicted to grow to $18bn by 2022 as the demand for temperature-sensitive health care products continue. We have made significant investments in our infrastructure, team, production and lab equipment, and this expansion was a natural next step.
“This provides us with redundant manufacturing capabilities while substantially increasing our capacity for our cellulose line of products.”