Pretium Packaging Launches Capital Investment Program of Nearly $10 Million
Pretium
Packaging, a St. Louis-based manufacturer of custom plastic packaging solutions
for consumer and institutional products, has announced a capital investment
program of nearly $10 million for upgrading and purchasing machinery in the
company's North American plants.
Pretium recently launched the program to boost the PET and industrial chemical
sides of its business, to expand machine hours for continued growth and
increased capacity. Such enhancements will allow Pretium to grow effectively
while serving a broader market. The near $10 million investment was allotted for
infrastructure improvements and next generation machinery in facilities
including Hazleton, PA Seymour, IN and Peru, IL. The new machinery features
higher output and lower production costs, assuring Pretium remains competitive
in the mid-market food industry. The Peru, IL machinery also features innovative
new heatset capabilities.
"Our new upgrades allow us to produce the highest quality bottles, and produce
them faster and with less labor than ever before," says Keith Harbison, Pretium
CEO, "These enhancements allow us to offer improved service to our customers by
providing improved bottle designs with better responsiveness to seasonality of
demand while improving plant efficiencies."
The capital investment program has positioned Pretium as a national supplier of
food containers, and allows them to expand their ability to meet strong demand.
Pretium Packaging is reshaping the plastic packaging industry by stressing speed
to market, custom design and manufacturing responsiveness. In addition to
primary plastic packaging, Pretium also offers customizable delivery and
inventory programs to meet customer needs. For additional information on Pretium
Packaging, visit www.pretiumpkg.com, or call 314-727-8200.