Plastics recycler invests $16 million on operations at three facilities.
Plastic film and bag producer and recycling company Petoskey Plastics, Petoskey, Mich., is expanding its operations in Hartford City, Ind.; Petoskey, Mich.; and Morristown, Tenn. The company, which has invested $16 million on the projects, expects to have the expansions completed by April 2013. The investments include a new Global Enterprise Resource Planning software system.
The majority of the investments are being made at Petoskey’s 300,000-square-foot closed-loop recycling facility in Hartford City. The investment will include adding four blown film lines and one drawtape line at the plant.
Petoskey Plastics says it currently is processing more than 30 million pounds of post-consumer plastic film and bags into recycled-content pellets. When the expansion is complete, the company will be able to extrude the pellets into 30 million pounds of three-layer postconsumer recycled bags and film, all under a single roof.
The company adds that when the investment is complete the Indiana facility will be totally integrated and will provide the marketplace with “the lowest carbon footprint and cost-effective bags and film manufacturing in North America.”