Pretium Packaging,a leading North American manufacturer of plastic containers and closures, has made a $2 million dollar investment in new reheat stretch polyethylene terephthalate (PET) blow molding equipment and infrastructure for its Troy, Alabama manufacturing plant.
The equipment is capable of producing both cold- and hot-fill PET containers to support the growing demand from the condiment, sauce and dressing market, as well as increased supply requirements from the beverage category, including ready-to-drink teas, energy drinks, coffee, etc. The new equipment has the capability of producing containers ranging from 6 ounces to 2 liters and finishes from 24 to 45 mm.
“Pretium has made this investment to expand our reheat stretch blow molding production footprint. Demand from small- to medium-sized companies for condiment containers, as well as hot-fill bottles continues to increase. However, many suppliers are not willing to provide smaller stock quantities that many of these processors/bottlers require. Our objective is to serve that niche,” said Randy Neibarger, director of operations. “We also have the capability of producing stock containers for brand owners that prefer to go that route.”
This latest investmentsupports Pretium's strategic plan to be positioned geographically close to its customers. The goal is to offer flexible solutions that support demand fluctuations and meet speed-to-market needs. The new installation bringsPretium’s reheat stretch blow molding bottle manufacturing to the Southeastern part of the United States. The company already has similar lines in four other regions of the country. The new line is in addition to 10 extruded blow molding units already in place at the Troy facility.