Plastipak Packaging, a company designs, manufactures and distributes rigid plastic packaging, will make a $15 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 up to seven production lines to increase capabilities of the site.
The company will begin the installation of the new production lines at its 862,000-square-foot Pineville facility in the third quarter of 2017, with an expected completion by the end of the fourth quarter. Hiring for the 10 new positions will also begin in the third quarter of 2017 and will continue through the fourth quarter.
Plastipak Packaging President & CEO William C. Young said, “The Louisiana officials were eager to collaborate with Plastipak’s local and corporate management team in an effort to locate this project in Central Louisiana.
Plastipak continues to be impressed with the business-friendly environment in Central Louisiana and the state of Louisiana.”
This is the second major expansion to Plastipak’s Pineville facility since 2015, when the company announced a $9 million investment for the addition of three new production lines.
“Plastipak’s new investment in its Pineville facility is a testament to the economic climate and highly skilled workforce here in Louisiana,” said Governor John Bel Edwards. “Louisiana’s business climate is one in which companies can not only make an initial investment, but also thrive and make continued reinvestments and expansions, just like Plastipak is doing today.”
To secure the project, the State of Louisiana offered a competitive incentive package that includes the services of LED FastStart, the nation’s state workforce development program. In addition, the company is expected to utilize the state’s Quality Jobs and Industrial Tax Exemption programs.
Pineville Mayor Clarence R. Fields said, “Plastipak has been a great partner in both economic and community development the past 14 years, and this expansion makes a strong statement that the best is yet to come."
"Our manufacturing base is the key to prosperity in Central Louisiana,” said President & CEO Jim Clinton of the Central Louisiana Economic Development Alliance. “Plastipak is a major contributor to that success and we are pleased to see the company again adding jobs and making new investments.”
“Cleco is committed to helping our customers, like Plastipak, as well as regional and state economic development agencies, such as CLEDA and LED, attract, retain and grow businesses in Louisiana,” said Jeff Baudier, Chief Marketing and Development Officer for CLECO. “Plastipak is a world-class company, and we are proud to be a part of its success by supplying safe, reliable power at competitive rates.”