Japan-based Toppan Printing has announced plans to construct a new environmentally friendly packaging production plant in the US state of Georgia.
The company will invest around $100m in the proposed production plant.
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The plant will be capable of producing transparent barrier films, including GL Film, which will be supplied to food, electronics and medical packaging manufacturers in North America and Europe.
GL Film is being used for approximately 15,000 products in more than 40 countries and regions worldwide.
Toppan Printing is planning to commence the production of transparent barrier film at the manufacturing site in March 2016.
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The demand for barrier films in the US is anticipated to grow, due to a steady transition from glass bottles and metal cans to flexible packaging. Growth in the barrier films industry is also being driven by the demand for food with longer shelf-life.
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By GlobalDataToppan Printing is anticipating further demand for barrier films in the global packaging market.
Currently, Toppan Printing has around 80 subsidiaries in Asia, Europe and the US, with combined annual sales of around $18bn.
