Page 50 - Plastics News August 2019

BUSINESS NEWS

Sirmax investing $17.6 million in Tekni-Plex buys Brazilian closure
new Anderson facility liner manufacturer Geraldiscos

nderson-based Sirmax has announced plans to invest ekni-Plex has acquired Brazilian closure liner
A$17.6 million in a new facility in the city. Sirmax Tmanufacturer Geraldiscos, which will become part
opened its North American headquarters in Anderson of its Tri-Seal business. Headquartered in São Paulo,
in 2016 and started production in 2017. At the plant's Geraldiscos makes closure liners and induction seals
dedication on the former Guide property it was announced for containers made of materials such as PP, PE, HDPE,
the company planned to expand.In March, Sirmax acquired PVC, PET and glass. Its closure solutions are provided
S.E.R., which specializes in the recycling of plastics. S.E.R. for market segments such as food, beverage, personal
is purchasing 35 FDUH KHDOWKFDUH DJULFXOWXUH DQG FKHPLFDO ´:H
acres south of the continue to drive our strategy by growing our business
Sirmax property RUJDQLFDOO\ DQG WKURXJK PHUJHUV DQG DFTXLVLWLRQV µ
along Dr. Martin VDLG 3DXO <RXQJ SUHVLGHQW DQG FKLHI H[HFXWLYH RIÀFHU
Luther King Jr. Tekni-Plex. “Specifically, Geraldiscos allows us to
Boulevard. The expand our geographic footprint into South America
facility will be to support the large Brazilian closure market and
approximately RXU PXOWLQDWLRQDO FXVWRPHUV ´:H KDYH IROORZHG WKH
130,000 square company for a long period of time, and have always
feet and the been interested in its high-quality innovative products,
company expects excellent manufacturing capabilities, as well as a very
to create 38 new jobs with an annual payroll of $1.3 VWURQJ PDQDJHPHQW WHDP µ7KH DFTXLVLWLRQ DGGV
PLOOLRQ SOXV EHQHÀWV 7KH QHZ MREV ZLOO EH SKDVHG LQ ZLWK employees to the 3,000-strong global Tekni-Plex team.
WKH ÀUVW MREV EHLQJ FUHDWHG E\ 6HSWHPEHU 7KH Geraldiscos general manager Gabriel Sahyao Leal Dos
new facility will produce a high-quality plastic product Santos will continue to oversee the business. Geraldiscos
following a recycling and extrusion process that is similar is the 13th acquisition US-headquartered Tekni-Plex
to that produced by Sirmax. Sirmax presently produces KDV PDGH LQ WKH SDVW ÀYH \HDUV ,Q WKH FRPSDQ\
thermoplastic components that are used in all sectors, bought BrunaSeals, which makes induction seals and
including appliance, automotive, power tools and consumer
products.The city is offering a $1.5 million tax increment
ÀQDQFLQJ RU 7,) ERQG WKDW ZLOO QRW SODFH DQ\ LQGHEWHGQHVV
on Anderson.Anderson is also providing $650,000 in TIF
revenues for supporting infrastructure including rail spur
and utility expansion.The proposed agreement has to be
approved by the Anderson Redevelopment Commission,
Economic Development Commission, Plan Commission
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$QGHUVRQ µ /RUHQ]R )HUUR FRXQWU\ PDQDJHU IRU 6LUPD[
said. Anderson Mayor Thomas Broderick Jr. said Anderson
has a long tradition in providing innovation that has made foam closure liners for beverage products. Tekni-Plex
a difference not only in the city but across the country. is a globally-integrated company focused on developing
Sirmax North America made an initial investment of $25.6 and manufacturing products for a wide variety of end
million in the Anderson headquarters. Recently starting markets, including medical, pharmaceutical, food,
investment of 30 million euros for new plant in kutno beverage, personal care, household and industrial.
sirmax in on its way for expansion.The construction of the THNQL 3OH[ LV KHDGTXDUWHUHG LQ :D\QH 3$ DQG RSHUDWHV
new plant in Kutno will begin in August 2018, the start-up manufacturing sites across nine countries worldwide to
of production is expected in the second quarter of 2019. meet the needs of its global customers.

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