Mitsubishi Polyester Film invests $100 Million to expand PET Film capacity at Greer plant, South Car

Specifications:

Name:

Mitsubishi Polyester Film invests $100 Million to expand PET Film capacity at Greer plant, South Car

Location:

Greer, South Carolina

Company:

Mitsubishi Polyester Film

Estimated Cost:

$100 million

Source:

areadevelopment.com

Introduction:

Mitsubishi Polyester Film, Inc. announced plans for an investment of $100 million to increase its capacity for biaxially oriented polyester (BOPET) film at its plant in Greer, South Carolina.

Features:

The investment will include the installation of a world-class polyester film production line, which will combine a high level of technology with production efficiency. Mitsubishi intends to use this line to support the growth of its business in both the U.S. and overseas markets. The investment is expected to be completed by the third quarter of 2017.

MPF has demonstrated a continued commitment to the Americas PET market by pursuing a strong investment strategy in its Greer facility. Polyester film’s growth in industrial and packaging markets continue to remain strong at 3-7% annually, and MPF is committed to enabling future growth of our Customers through expanded capacity and capability.