Blown film maker Petoskey Plastics Inc. is expanding into Texas to keep pace with increased demand and announces plans for a $ 30 million facility in suburban Dallas.
The McKinney, Texas facility will include both extrusion and processing lines, the Petoskey, Michigan-based company said in a March 23 press release.
“This expansion is exciting for us,” said Chairman and CEO Paul Keiswetter in the press release. “We are increasing our ability to serve existing customers and adding new opportunities to our growing sustainable product lines while operating in a highly desirable, small-town location.”
Petoskey’s blown film products include garbage bags, construction films and car seat covers. It also has an internal recycling facility and uses recycled ingredients in its products.
The McKinney facility will enable the company to increase production by 15 percent over the next 12 months. The COVID-19 pandemic has “overloaded the company,” said Petoskey Plastics. Production is currently taking place in Petoskey; Hartford City, Ind .; and Morristown, Tenn.
The 53,000 square meter facility was previously used as a warehouse. Petoskey already has plans to expand an additional 40,000 to 60,000 square feet for processing and storage space, as well as nine material silos and rail tracks, due for completion by August 2022.
According to the Plastics News ranking, Petoskey Plastics is # 48 among film and sheet manufacturers in North America with sales of $ 150 million. It is No. 79 among North American recyclers with 32.2 million pounds of recycled polyethylene. The company was Plastics News’ Processor of the Year in 2017.
“This facility will give us the opportunity to be closer to our raw material suppliers in the Gulf and help us serve our customers on the west coast,” said Keiswetter. “We will cut our delivery times for both raw materials and finished goods in half and be more competitive overall. This facility will start production as early as April and will receive the most advanced equipment available in the film market in the coming months. “