Pretium’s $5 million investment in PET expansion project
Pretium Packaging announces $5 million expansion of PET manufacturing platforms in support of organic growth, redundancy and hot-fill capabilities.
Chesterfield, Mo., July 16, 2020—Pretium Packaging, a leading North American manufacturer of plastic containers and closures, has made a $5 million dollar investment in polyethylene terephthalate (PET) stretch blow molding equipment and infrastructure that spans across 6 of its 19 manufacturing locations.
“This expansion effort provides a comprehensive approach to supporting our existing and new PET customers. We’re adding capacity, stronger redundancy and volume-balancing capabilities, as well as support for the latest PET product innovations, like our hot-fill containers. We’re strategically placing new PET machines in the west, central and east regions of the United States, as a means of providing the most flexible customer delivery solution. This effort also reinforces key tenants to our overall growth strategy, which involves expanding our PET footprint and positioning ourselves geographically close to our customers.” said Kris Nielsen, senior vice president of operations.
This new equipment will provide Pretium with an additional 100 million bottle capacity and the capability of producing containers ranging in size from 6.5 ounce to 11.6 liter. Pretium expects this project to be completed by October 2020.
Pretium Packaging is a leading North American manufacturer of plastic containers and closures for the food and specialty beverage, household and industrial chemical, sports nutrition and wellness, beauty and personal care, and medical and consumer health product industries. Pretium manufactures approximately over two billion PET and HDPE containers annually from its 19 locations across the United States and Canada. For more information: www.pretiumpkg.com.