Mitsubishi Polyester Film Announces $100 Million Investment to Up BOPET Production
Mitsubishi Polyester Film, Inc. has announced an investment of $100 million to increase its capacity for biaxially-oriented polyester (BOPET) film at its plant in Greer, S.C. The investment will include a new film production line scheduled to start up in 2017.
MPF’s investment announcement is a testament to its recognized position as a market leader in polyester film both globally and in the Americas. The company’s strategy is to deliver cost effective innovative solutions to its valued customers in the industrial, packaging and electronics markets. 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 percent annually, and MPF is committed to enabling future growth of its customers through expanded capacity and capability.
In addition to the production facility in South Carolina, Mitsubishi Polyester Film has manufacturing locations in Japan, China, Indonesia and Germany.
Mitsubishi Polyester Film