Plastic Technologies, Inc. (PTI), Holland, Ohio, announced new structural realignment and business unit name changes to better serve brand owner package development needs.
For the past 35 years, PTI has been recognized internationally as a plastics packaging development powerhouse. Going forward, the “umbrella” company will be known as PTI Global, and its core package development business, which had been known as Plastic Technologies, Inc., will now be simply referred to by its acronym, PTI.
The preform business unit, formerly known as Preform Technologies, Inc., will now be known as PTI Operations, and will provide small-run injection molding, blowmolding and thermoforming capabilities. The two entities will work seamlessly with each other to meet brand owner objectives. PTI and PTI Operations will be supported by sister company Phoenix Technologies, Inc., a producer of recycled polyethylene terephthalate (rPET).
“What’s happening now is that brand owners are using multiple internal and external resources to design packages. A significant amount of time is wasted due to multiple hand-offs and because designers are often not knowledgeable about the structural requirements for optimum production. This results in commercialization timelines being missed, a significant amount of money being wasted and lost opportunity,” says Craig Robinson, vice president, business development and innovation, PTI.
PTI’s North American and European locations will continue to conduct package design and development activities, as well as rapid prototyping, material evaluation and other engineering support services.