Canadian plastics manufacturer buys Pleasant Prairie building, plans to bring dozens of jobs there

Balcan Plastics, a Quebec-based manufacturer of flexible packaging and technical films, has bought a roughly 215,000-square-foot facility in Pleasant Prairie’s LakeView Corporate Park. A village official said the company is planning an operation there with 60 employees.

An affiliate of the company paid $13 million to acquire the 50-acre property at 7201 108th St. from Mondi Akrosil LLC. The property was assessed at $9.14 million for 2020, according to Kenosha County records.

“We are pleased to see Balcan Plastics invest here in Pleasant Prairie,” said Nathan Thiel, village administrator of Pleasant Prairie. “The company had several options around the nation, but ultimately selected on our community, which will result in manufacturing jobs and enhance the use of an existing building.”

Mondi Akrosil, a division of London and Vienna-based international packaging and paper company Mondi plc, informed state officials last year the company planned to close the facility by July 1 of this year, a move that eliminated 108 jobs.
https://biztimes.com/canadian-plastics-manufacturer-buys-pleasant-prairie-building/

Related Posts

Stora Enso collaborates on paperboard tube breakthrough to further reduce plastic in packaging

Stora Enso alongside Blue Ocean Closures and AISA have developed together the first ever paperboard tube with a fiber-based closure. This new, innovative wood fiber-based concept helps brand owners increase the share of renewable material in their packaging. All components of the tube are designed for recycling. The tube is composed of Stora Enso’s barrier-coated board material Natura Shape™ and a screw cap designed in collaboration with Blue Ocean Closures with assembly by AISA. The solution contains more than 85% fiber content, the highest proportion available in a tube design. Intended for cosmetics and personal care applications, it is expected to be commercially available in 2024.

KapStone Reports Second Quarter Results

Second Quarter Operating Highlights: Consolidated net sales of $823 million in the second quarter of 2017 increased by $38 million, or 5 percent, compared to $785 million for the 2016 second quarter. Revenue growth in the paper and packaging segment resulted from higher prices and volume. The Company's average mill selling price of $661 per ton in the second quarter of 2017 increased by $37 per ton, or about 6 percent, compared to the second quarter of 2016 due to higher domestic and export containerboard prices, higher specialty paper prices and a more favorable product mix. Revenues in the distribution segment increased $8 million, mainly due to higher prices. Operating income of $41 million for the 2017 second quarter decreased by $2 million, or 5 percent, compared to the 2016 second quarter. Click Read More below for additional details.

$91 Million Upgrade at Monticello Mill to Boost Efficiency, Industry Competitiveness

Construction is scheduled to begin soon on a $91 million upgrade at Georgia-Pacific’s containerboard mill in Monticello, Mississippi. It's one of the company’s largest investments in the Lawrence County facility. The project consists of replacing the log line, which includes scales, cranes, a rechipper, unbinding racks and other critical equipment needed to safely unload trucks and prepare logs and chips for processing into pulp. “This project will create long-term value and improve our capabilities as we work to become the best manufacturer in the industry,” said Drexel Lambert, vice president for Georgia-Pacific containerboard operations.
Back To Top
×Close search
Search