Packaging producer TC Transcontinental Packaging will invest $60 million to develop a recyclable all-PE flexible plastic package with greater heat resistance.
The company will invest in technologies at its Spartanburg, S.C. facility to produce biaxially oriented polyethylene (BOPE) films. The project involves a 120,000-square-foot expansion of the company’s existing plant, according to a press release.
“Our investment in BOPE is a strategic decision that positions us to address sustainability shortcomings in existing offerings,” Alex Hayden, the company’s senior vice president of R&D, innovation, sustainability and ESG. “This new equipment will advance the commercialization of recyclable film solutions to meet the challenging requirements of our different applications without sacrificing fill speed or performance.”
The project, which is already underway, is expected to be completed during the 2024 fiscal year, the release notes.