Flexible packaging and labelling manufacturer Jindal Films Americas (JFA) is looking to initially invest around $120m on a new polyester plant at its US headquarters in Georgia State.
The move marks the company's foray into technical films segment. JFA plans to start operations at the new polyester plant in LaGrange in early 2019. It is likely to have a production capacity for 65,000 metric tons of film.
The plant will feature two processing lines which will help JFA in manufacturing thin specialty and thick specialty films product ranges.
JFA executive vice president and CEO Marcelo Passos said: “We are very excited to introduce the plans to expand our capabilities into polyester film in the Americas.”
Recently, JFA had unveiled a new metallizer in LaGrange as part of a previously announced relocation and expansion plan for its Georgia facilities.
The company said that the ongoing expansion project is likely to be completed by the first quarter of next year. It will result in the doubling of the current capacity of JFA.
In another development, Jindal Films Europe is also mulling over a similar type of expansion in its operational area.
Earlier in the month, Jindal Films Europe announced a collaboration agreement with TIPA Sustainable Packaging on the sidelines of Interpack 2017.
Under the collaboration, the companies have agreed to jointly develop an original bio-based, compostable high barrier film for the snack food packaging, frozen food, dairy and meat products, coffee and tea markets, and other segments.