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April 25, 2019

Pregis invests $6m in third W&H blown film line in Grand Rapids

Pregis has announced another $6m investment in its facility located in Grand Rapids, Michigan, US.

Pregis has announced another $6m investment in its facility located in Grand Rapids, Michigan, US.

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The company is investing in a third multilayer Windmoeller & Hoelscher (W&H) blown film line to meet the growing demands for output.

Pregis chief innovation officer Tom Wetsch said: “We are seeing increased demand for higher quality flexible packaging, e-commerce protective material and surface protection films.

“Our continued investment in this facility will help us meet market segment expectations for package performance and provide vertical integration for some of Pregis’ other products.”

In addition to the three W&H lines, the 90,000ft² manufacturing facility at Grand Rapids also accommodates four modern multilayer blown film extrusion lines and film lab.

“Continued investment in this facility will help us meet market segment expectations for package performance.”

In May, the company invested nearly $6m in its Grand Rapids facility. The investment was for a second multilayer W&H blown film line.

This investment followed a $17m outlay for the first five-layer W&H line. Announced in late-2016, the investment also included converting equipment and expanded production space.

Pregis is involved in the manufacturing, marketing and supply of protective and speciality packaging solutions. It serves segments such as food, pharmaceutical, healthcare, medical devices, agricultural, e-commerce, retail, automotive, transportation, furniture, electronics, building, construction, and military/aerospace.

Last year, the company closed the acquisition of US-based company Free-Flow Packaging International.

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Free Report
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How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

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