May 2 2006
Amcor has announced that its PET Packaging operation in North America is constructing a new custom PET blowmolding plant, dedicated to the supply of PepsiCo heat set containers, primarily for the Gatorade product.
The plant will be located in Wytheville, Virginia, adjacent to a recently constructed PepsiCo facility. Amcor's new blowmolding operation is scheduled to be in production by March 2007 with an initial annual capacity in excess of one billion units. The overall project cost is US$80 million.
Amcor's Managing Director and CEO, Mr Ken MacKenzie said: "This project is a strong fit with our stated strategy of investing in the custom PET sector. Amcor brings excellent technology to the fast growing hot filled beverage segment.
"This is a world class, large scale plant co-located with a customer who is a leader in this market segment. The plant's profitability is underpinned by a long term agreement that reflects the value this new operation provides to both Amcor and our customer."
http://www.amcor.com