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NewsPretium Packaging Launches Capital Investment Program of Nearly $10 Million
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. |
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.
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Reshaping the Plastic Packaging Industry