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CTI leases expanded facilities in US

CTI Industries in the US has entered into a four and one-half year lease of expanded facilities for its warehouse, fulfillment and operations functions. The lease terms will expire on 31 December 2012.

According to CTI, the facility located in Lake Zurich, Illinois, US includes about 116,000ft² of warehouse and office space and will replace current warehouse locations comprising about 55,000ft².

The newly-leased facility will provide extra warehouse space to house increased inventory levels and fulfillment activities related to the consumer storage product lines of the company as well as its balloon product lines.

Besides conducting balloon inflation operations at the facility, CTI will also use the office areas for customer service, fulfillment and warehouse management operations.

CTI manufactures and markets metallized and latex balloons, develops, produces and markets bags and pouches for home storage and for packaging applications and produces laminated and printed films for commercial uses.