Petoskey Plastics, a film and flexible-packaging converter, plans to create approximately 70 jobs at the site over the next five years.
“I’d like to thank Petoskey Plastics for making such a significant investment in Morristown,” Rolfe says. “When an existing business invests $29.6 million and commits to create 70 jobs, it sends a strong signal to the quality of the community’s workforce and overall business climate. Petoskey Plastics is a vital part of Hamblen County’s economy and I look forward to the impact these additional jobs will have for the residents of this community.”
Petoskey Plastics is an environmentally-focused film, bag and resin manufacturer. The company supplies the automotive, medical, grocery, retail, packaging and construction industries. It will add 30,000 sq ft to its existing Morristown manufacturing facility, which specializes in polyethylene film. The investment will increase capacity at the facility, which has multiple film-extrusion lines using recycled materials, converting lines and a 4-color offset paper-printing press.
Work on the expansion is scheduled to begin in the second quarter of 2018. Petoskey Plastics anticipates the first phase of the new expansion will be operational in the fourth quarter of 2018.
Headquartered in Petoskey, MI, Petoskey Plastics operates three manufacturing plants across the US and employs more than 400 associates. The company’s customer base includes 30 Fortune 500 companies and businesses in more than 47 countries.
“Our growth has required us to invest in more capital,” Jason Keiswetter, exec vp-Petoskey Plastics, adds. “We needed to add additional capacity. The local Morristown government and State of Tennessee have been very easy to work with and helped make our decision to proceed with the expansion in Tennessee. We are thrilled with the availability of technical associates. We look forward to completing the building addition in 2018 and continue to add capacity and jobs within the structure for several years to come.”