PACTIV CORPORATION INVESTS $14.5 MLN IN PRODUCTION CAPACITY
Jul 19, 2010 (AsiaPulse via COMTEX) --
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(Full text of a statement. Contact details below.)
(BW)(IL-PACTIV)(PTV.NYSE) Pactiv Corporation Invests $14.5
Million in Production Capacity for New Technology Molded Fiber
Carryout Containers Made from Sustainable Materials
Additional Investments in Producing Compostable U.S.-made
Containers
Retail Writers/Manufacturing Writers
MULTIMEDIA AVAILABLE: http://www.businesswire.com/cgi-bin
mmg.cgi?eid=6364230 LAKE FOREST, Ill.--(BUSINESS WIRE) - Jul.
19, 2010-- Pactiv Corporation (NYSE: PTV), a leader in the
foodservice packaging industry, announced today it has
completed the first three phases of a $14.5 million project to
produce high-quality molded fiber hinged lid carryout
containers and other products at its Moorhead, Minn.,
facility.
Initial production commenced early in 2009 and the project
is expected to be fully operational by October 2010.
The three newest manufacturing lines add 25 jobs and produce
molded fiber products sold under the brand EarthChoice Fiber
Blend Hingeware.
The implementation of this new molded fiber manufacturing
process and related customer demand has been so successful that
Pactiv is adding additional capacity later in 2010.
"Our food service customers are looking for additional
choices for carry-out food packaging that is sustainable and
compostable Pactiv offers the latest in sustainable materials,
performance and innovation,"
said Pete Lazaredes, Executive Vice President and General
Manager of Pactiv's Foodservice/Food Packaging segment. "Not
only are we pleased with response to our EarthChoice products
-- we are already anticipating additional significant
investments in our U.S.- based molded fiber manufacturing
capabilities. Unlike many competitive offerings, Pactiv
products are manufactured in the U.S., reducing the
environmental impact of overseas transportation and
distribution."
Pactiv's new proprietary technology allows for precision
molding which results in a lightweight, smooth, strong,
high-quality foodservice carryout container. The process allows
for finely-molded features such as curves, folds and precise
in-molded closures. Made from a blend of wood pulp fibers from
sustainable and renewable resources, EarthChoice Fiber Blend
Hingeware is ASTM D 6868 certified, Cedar Grove
Composting-approved and is processed without chlorine.
Pactiv Corporation (NYSE: PTV) is a leader in the consumer
and foodservice/food packaging markets it serves. With 2009
sales of $3.4 billion, Pactiv derives more than 80 percent of
its sales from market sectors in which it holds the No. 1 or
No. 2 market-share position.
Pactiv's Hefty brand products include waste bags, slider
storage bags, disposable tableware, and disposable cookware.
Pactiv's foodservice/food packaging offering is one of the
broadest in the industry, including both custom and stock
products in a variety of materials. For more information, visit
http://www.pactiv.com.
Photos/Multimedia Gallery Available:
http://www.businesswire.com/cgi-bin
mmg.cgi?eid=6364230&lang=en
Pactiv Corporation
Media Relations Contact:
Matthew Gonring 847-482-2407
mgonring@pactiv.com
or
Investor Relations Contact:
Christine Hanneman 847-482-2429
channeman@pactiv.com
KEYWORD: United States North America Illinois Minnesota
INDUSTRY KEYWORD: Manufacturing Chemicals/Plastics Packaging
Environment Retail Food/Beverage
CATEGORY KEYWORD: Product/Service Photo/Multimedia
Source: Pactiv Corporation
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