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Klöckner Pentaplast committed to a multimillion-dollar expansion at its Beaver plant in Raleigh County, West Virginia, to add post-consumer recycled PET production for North America. The plant was previously named the company's Plant of the Year.
Klöckner Pentaplast announced it will add an extrusion line and two thermoformers for 15,000 metric tonnes of new rPET/PET capacity in North America. The site is still to be determined and the expansion is targeted to be fully operational in Q1 2024.
Klöckner Pentaplast will expand its production facility in Beaver, West Virginia by adding thermoforming capabilities for sustainable food trays. The investment, worth several million dollars, will create 21 full-time jobs.
Klöckner Pentaplast is expanding its Klöckner Barrier Film facility in central Virginia, adding 6,000 metric tonnes of capacity and new coating capabilities for pharmaceutical barrier films. The multi-million dollar investment is expected to be operational toward the end of 2021.
Klöckner Pentaplast completed an expansion at its Cotia facility in Brazil, adding a coating line that raised its South American coating capacity by over 30%. The announcement was dated 23 March 2020.
Klöckner Pentaplast completed its acquisition of LINPAC Senior Holdings and its subsidiaries, a European food packaging film producer, creating a film group with annual revenues above $2 billion.
Klöckner Pentaplast (KP) signed a binding agreement to acquire Linpac Senior Holdings for an undisclosed sum, creating a global rigid and flexible film producer with combined revenues above $2 billion, expected to close in summer 2017.
