Pactiv has announced plans to invest $58m to enlarge its facility in Corsicana, Texas, US, by building a new 150,000ft² plant.
The new plant will be the second site within the company’s global network to manufacture expanded polystyrene (EPS) cups and containers.
Groundbreaking for the plant is expected to happen in November 2012, and operations are set to commence in mid to late-2013.
Pactiv president and CEO John McGrath said the market demand for EPS cups is solid and the move will serve as an addition to the company’s existing multi-material offering.
"Our customers will benefit from the opportunity to get a broader assortment of products from us," McGrath added.
The new Corsicana operation is expected to supplement the efforts of Pactiv’s EPS existing cup facility, which is already operational in Bollingbrook, Illinois, by producing the similar quality EPS products.
The company has received assistance from Texas governor Rick Perry and the Texas Enterprise Fund, and the expansion will give a shot in the arm to the Corsicana and Navarro County economy and jobs base with the addition of 200 jobs.
Through the Texas Enterprise Fund, the state is investing $930,000 in Pactiv for the expansion of the company’s manufacturing facility in Corsicana.
Pactiv has also announced the acquisition of a US-based manufacturer of absorbent products, International Tray Pads & Packaging, for an undisclosed sum.
Pactiv operates 55 manufacturing plants in seven countries, produces food service disposables and food packaging, and makes and sells products used in the foodservice, supermarket and food packaging markets.