sheet usage continues to expand in the packaging industry. This investment in North America will focus on converting post-industrial PET flake and resin into reusable rPET Sheet, which will serve the agricultural packaging sector.
During Pack Expo 2014 in Chicago, Octal COO Joe Barengerg told PlasticsToday that there is room for expansion at the Ohio facility. The plant will feature two extrusion lines and production will be 25,000 tons a year in the first phase with an additional 25,000 tons a year to be added within a year of startup. The first phase investment is more than $14 million
But one U.S. plant isn't enough and Barengerg said that the company is looking to open a second plant in the Western part of the U.S., with the idea that it would serve that area of the country and eventually export product to Mexico. He anticipates the company to make a decision on the location sometime in 2015.
