Berry Global Announces Investment to Increase Production Capacity of Ultra High Performance (UHP) Machine and Hand Stretch Films
Berry Global Group, Inc. (BERY)
Last berry global group, inc. earnings: 5/1 07:30 am
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ir.berryglobal.com
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Source: Business Wire
EVANSVILLE, Ind.--(BUSINESS WIRE)--Today, Berry Global Group, Inc. (NYSE: BERY) announced that to address rising demand it is investing approximately $30 million to increase production capacity for ultra-high performance stretch films. The investment is allocated for new lines and upgrades to existing assets in nine of the Company’s North American locations that currently manufacture stretch film.The projects are set to begin immediately and are expected to be completed by April 2021.“Stretch film customers continue to seek palletization films that decrease breakage, damage and loss, while reducing wrapping cost and providing sustainable value,” said Mike Hill, President of Berry’s Engineered Materials Division. “Today’s announcement is in direct alignment with Berry’s commitment to strategically invest in advantaged products within the Engineered Materials Division.”Transcend™ and Stratos™ machine films, and Fortitude™ hand film are three products within Berry’s portfolio of stre
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