PaperWorks Announces Major New Investments and Expansion of Production Capacity and Innovation Capabilities
October 6, 2020
BALA CYNWYD, Pa. (News release) -- PaperWorks is investing $25 million in additional new, state-of-the-art equipment to enhance its North American capacity and innovation capabilities. The equipment will be installed at the company's Baldwinsville, New York converting facility. The investment will allow the company to maintain a leading position in high fidelity printing and design embellishment capabilities. PaperWorks continues to bring value-added print and design options to customer brands, enabling them to differentiate their products on the shelf and deliver the first moment of truth to consumers.
"This represents another major step forward for PaperWorks in being an innovation leader in the industry and it is an integral part of our strategic plan for the company," says C. Anderson "Andy" Bolton, President and Chief Executive Officer of PaperWorks. "This new capital investment in printing and finishing technology will expand our innovation capabilities and give us the ability to grow with best in class assets."
The announcement comes shortly after the investment in new equipment and technology purchased for the company's Greensboro, North Carolina converting facility. The new equipment at both facilities will improve reliability, increase packaging design and performance opportunities for customers. It will also enhance the company's cross-border service capabilities.
"We continue to proactively serve our customers by anticipating needs and studying market trends," says Bolton. "Our investments reflect our growth as a company, and further demonstrate our commitment to innovation. We are confident that this exciting new investment will be highly successful."
Installation of the equipment will take place in phases starting October 2020 and will be completed by the First Quarter 2021.
