Plastipak Packaging will make a $9 million capital investment to expand production capacity at its manufacturing facility in Pineville, Louisiana. A leader in the production of rigid plastic containers for the food, beverage and consumer products industries, Plastipak will add three production lines for polyethylene terephthalate, or PET, products.
Founded in 1967, Plastipak established a presence in Louisiana with the construction of its Pineville facility in 2003. The company will begin the installation of the new production lines at its 862,000-square-foot Pineville facility in the third quarter of 2015, with an expected completion by the end of the first quarter of 2016. The firm will create 20 new direct jobs and retain 205 existing jobs at its Pineville facility.
“Plastipak is extremely appreciative of the support it has received from the local community, local organizations, Mayor Fields, CLECO, Governor Jindal and his predecessors,” Plastipak Packaging President and CEO William C. Young said. “Plastipak conducts business in numerous states and countries and I can honestly say that our management team has always been, and continues to be, impressed with the business-friendly environment in Central Louisiana and in the state of Louisiana.”
To secure the project, the State of Louisiana offered a competitive incentive package that includes the services of LED FastStart. In addition, the company is expected to utilize the state’s Quality Jobs and Industrial Tax Exemption programs.
Gov. Bobby Jindal said, “For more than a decade, Plastipak has provided great job opportunities for our residents and created high-quality, made-in-Louisiana products. With this expansion, the company will build on its long track record of success. Plastipak’s investment in its Pineville facility is a testament to Louisiana’s strong business climate and our highly skilled workforce. We congratulate Plastipak on its continued growth and commend the company on its commitment to our state and our people.”
“Plastipak is an important part of the Central Louisiana manufacturing community,” said President and CEO Jim Clinton of the Central Louisiana Economic Development Alliance. “We are pleased to see the company investing further in the future of the region.”