Pactiv is all set to invest $58m to expand its Corsicana, Texas facility in the US for which groundbreaking is expected to happen in November 2012 and operations will begin in mid to late-2013.
The new 150,000ft² plant will manufacture expanded polystyrene (EPS) cups and containers and is expected to supplement the effort of Pactiv’s EPS cup facility, which is already operational in Bollingbrook, Illinois.
Pactiv president and CEO John McGrath said its customers will benefit from the opportunity to get a broader assortment of products from the company.
"The market demand for EPS cups is strong and this will be a great addition to Pactiv’s existing, multi-material offering," McGrath said.
The company produces food service disposables and food packaging. It makes and sells products used in the foodservice, supermarket and food packaging markets.