Tekni-Plex Doubling Its Ohio Plant Size

Who are Tekni-Plex?

Building
This business is a global leader in advanced materials solutions and helps its customers to turn their innovative ideas into high-quality and safe products that add value to people. They work with a huge number of business partners from a wide range of industries, including healthcare, packaging, food and beverage, filtration, electronics, and more. The brand’s products are used in several different applications, including medical device packaging, filtration systems, and many more. Based in Pennsylvania the company manufactures a variety of packaging products in addition to high-precision medical tubing which is used to deliver intravenous fluid and medication. The company is a leading supplier of packing for over-the-counter medicine and works with most of the world’s big brands. It also claims to be one of the USA’s top suppliers of foam egg packages.

Tekni Plex Inc is a global leader in the manufacture of advanced flexible and rigid packaging materials and works with a huge range of industries from food and beverage markets to pharmaceuticals, medical, packaging, filtration desiccants, electronics, and more. It manufactures a range of products including medical devices, medical tubing and film, pharmaceutical film and foil, food packaging film and sealants, industrial packaging film and tape, and much more. They produce some of the best products in the world in terms of quality, performance, and value.

Where is the Business Located?
The manufacturer is a global company that has manufacturing locations across the United States, Europe, and Asia. In the United States, Tekni Plex Inc has manufacturing facilities in New Jersey, South Carolina, and Ohio. In Europe, it is known as Tekni Plex Europe, it has a site in Belgium, Germany, and the United Kingdom. In Asia, it has sites in China and India.

In addition to manufacturing sites, the business also has sales offices all over the world, including in Australia, Brazil, Canada, and Mexico. Tekni Plex Inc is a publicly traded company on the New York Stock Exchange (NYSE: Tek) and is headquartered in Somerville, New Jersey. The business employs over 3,500 people worldwide.

Extending Business Facilities in Ohio
To strengthen its presence in northwest Ohio, where the company does its global development and research, plans are being reviewed to add 32,000 square feet of production space to its existing R&D lab in Springfield Township. These packaging expansion plans will also create an additional 25 employees.

According to a local economic development official, the company yet has not made any official announcements or decisions regarding the project. However, news that was released in March from the business indicated that they would go ahead with the expansion as predicted.

Tekni-Plex Invests $4.5 Million Towards the Expansion
Recently, a $45 Million financing package was approved by the Toledo Lucas County Port Authority through the ports bond fund to cover the cost of the expansion and pay off the mortgage on the company’s current building.

According to Paul Toth, the Port Authority’s President, and CEO, under the agreement, the authority would take possession of the building and lease it back to the company for at least fifteen years. He said that the industrial business is a very high-tech company, and they are considering bringing production to northwest Ohio.

The proposed expansion would mean that the current building would double in size and according to the timeline that the company shared with them, the expansion would commence as soon as possible.

In March, the business announced a new line of barrier bags for medical and pharmaceutical device packaging, and it has stated it is planning to manufacture the materials for it at its Springfield Township building.

According to David Andrulonis, V.P and General Manager of flexible packaging at Tekni-Plex, merging the latest technology with their global footprint will help the company generate a seamless supply source for both its multinational and regional pharmaceutical customers.

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