American Packaging Corporation, a top flexible packaging converter in North America, has announced that its board of directors has approved for a major, $45 million expansion at its Flexographic Printing and Laminating Center of Converting Excellence in Story City, Iowa.
The expansion is designed to expand operations to manage current influx of new business while also preparing for future needs. It also includes additional building construction, two custom built flexographic presses, a triplex laminator, a quad seal pouch line, and additional auxiliary equipment to satisfy increased demand. All equipment is expected to be operational by September 2016 and the expansion is expected to create 94 new jobs.
The company’s decision to move forward with another expansion project comes shortly after completion of a $10 million expansion earlier this year at the Iowa location, and an $18 million expansion at its rotogravure printing and lamination location in Wisconsin, which occurred during the fourth quarter of 2014.
The two new 10-color gearless presses are fully automatic with fast reliable changeovers, equipped with 100 percent defect detection and are based on the latest technologies for improved production speeds and efficiencies.
The three pillars of sustainability will be incorporated into the expansion project by understanding all environmental, social and economic aspects of the project. The company will identify opportunities to have a positive impact on energy efficiency and pollution prevention. By using local contractors and creating new job opportunities, the expansion will have a positive influence on the community and the economy.
“American Packaging is a growth company not by mergers and acquisitions, but through reliable service to customers and continued investment in state-of-the-art equipment,” says American Packaging Corporation president and CEO Peter Schottland. “We are confident in our position in the industry and are committed to expanding our business through strategic investment. This includes purchasing equipment with the latest advancements, investing in new technologies and attracting the best workers in the industry.”
American Packaging Corporation is a packaging solution focused company that is innovative, quality driven and financially strong. The company is a privately-held converter specializing in 10-color high definition flexographic printing, 10-color rotogravure printing, multi-ply extrusion, co-extrusion and adhesive lamination of film, paper and foil.
The company has three non-union manufacturing Centers of Converting Excellence and a Packaging Innovation Center to effectively support several industries including dry foods, seasoning and mixes, coffee and tea, refrigerated dairy and fresh produce, frozen products, confectionary, medical, personal care, nutraceutical, hard to hold products, liquids, and other specialty items.
American Packaging Corporation