USA – Treplar, a joint venture between Turkey’s Klarpet and US-based company Triton International Enterprises, is set to open a food packaging facility in West Virginia, U.S.
The announcement was made by West Virginia Governor Jim Justice during the West Virginia Chamber Annual Meeting and Business Summit on 31 August.
The new packaging plant has been developed with an investment of around US$50 million. This strategically planned project had a capital expenditure of US$20 million, which was allocated for the first year, along with a total investment of US$50 million until the third year.
As per the Office of Governor media release, the workforce at the new site will initially comprise over 100 full-time employees (FTEs), with plans to employ 600 FTEs by the end of project’s third year.
Justice said: “The company’s investment in our state and their innovative food packaging production facility is tremendous, and I wish them the utmost success in West Virginia.
“I am honoured to add Treplar to our growing list of companies that recognize West Virginia is the best place to raise a family and build a business.”
The packaging company has already set-up the facility, located in West Virginia’s Berkeley County, deployed new equipment and hired an initial skilled workforce.
The production activities are slated to commence in the coming months. Treplar’s main focus and expertise is to develop sustainable and environment-friendly food-packaging solutions that are made using a majority of recycled materials.
Currently, the company is assessing a new generation of 100% home-compostable food packaging material.
With its state-of-the-art facility, innovative technology, and focus on sustainability, Treplar’s next phase, set to launch later this year, promises to be a game-changer in the food packaging industry.
The company is also planning to roll out a new sustainable products range to cater to the needs of retailers across North America.
Treplar president Murat Ogulcan added: “This venture exemplifies our commitment to producing sustainable and eco-friendly packaging materials and addressing critical waste challenges for the retail food industry.
“Together, with the great state of West Virginia, we aim to revolutionize the industry and set new benchmarks for sustainability.”
According to Future Market Insights (FMI) analysis, the biodegradable packaging market reached over US$449 billion in 2021.
The global biodegradable packaging market is anticipated to register a CAGR of 6.1% during 2022-2032.
Investments in food packaging facilities across the USA and Europe are anticipated to meet the growing demand in the market.
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