Intertape Polymer invests in Greenfield facility
Intertape Polymer Group Inc., Canada, announced plans to invest in the construction of a Greenfield manufacturing facility to increase the company's manufacturing capacity of water-activated tapes.
The new facility, located in Sarasota, Fla., will optimize service levels to its customers and supply chain logistics at both plants. Intertape Polymer currently produces water-activated tapes out of its Menasha, Wis., plant.
"We are excited to make this strategic investment in additional capacity to enable us to meet the growing demand for water-activated tape. This project is in line with our strategy to leverage world-class assets with a minimal environmental footprint to produce high-quality products in growing areas of our product portfolio. The new manufacturing facility should allow us to enhance our position in the market and better serve our customers," says Gregory Yull, president and CEO.
The $44-$49 million facility is expected to be operational by the end of 2017.