Pactiv Invests Nearly $12 Million to Expand Capacity for Meat Packaging Trays to Meet Increased Customer Demand
14 Setembro 2010 - 11:53AM
Business Wire
Pactiv Corporation (NYSE: PTV), a leader in the foodservice
packaging industry, announced today that it has scheduled the final
phase of a nearly $12 million equipment upgrade to increase
capacity for its line of expanded polystyrene food processor trays.
The two-year program—to update selected extrusion, thermoforming,
padding, and packaging equipment in four manufacturing locations—is
expected to be complete in early 2011 to meet anticipated customer
demand.
“As a proven primary supplier to many of our large food
processor customers, this investment ensures that we will be able
to continue to provide quality products and service,” said Peter
Lazaredes, Pactiv’s executive vice president and general manager,
Foodservice/Food Packaging. “Food processors are responding to
consumer preferences and we’re moving quickly to ensure continuous
availability. Consumers prefer this type of meat packaging as the
standard for freshness, quality, safety, and food flavor.”
Pactiv trays are used by food processors to package fresh meat,
fish, and poultry. Strong and durable, Pactiv trays are a proven
choice of food processors over the course of nearly 50 years. The
trays are available in seven colors and a wide range of sizes and
depths to provide food processors with a choice of display options.
Light, sanitary, and durable, expanded polystyrene meets strict
U.S. Food and Drug Administration standards for use in food contact
packaging and is comprised of approximately 5% polystyrene and 95%
air by volume.
Pactiv Corporation (NYSE: PTV) is a leader in the consumer and
foodservice/food packaging markets it serves. With 2009 sales of
$3.4 billion, Pactiv derives more than 80 percent of its sales from
market sectors in which it holds the No. 1 or No. 2 market-share
position. Pactiv’s Hefty® brand products include waste bags, slider
storage bags, disposable tableware, and disposable cookware.
Pactiv’s foodservice/food packaging offering is one of the broadest
in the industry, including both custom and stock products in a
variety of materials. For more information, visit
http://www.pactiv.com
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