Portola Packaging announces $12 million capital expenditure investment in closure business
Portola Packaging, Inc. (www.portpack.com) is announcing a $12 million capital expenditure in its Kingsport, TN and Tolleson, AZ facilities. The investment is being made to accommodate growing market demand for its hot-fill and aseptic beverage closures and increased dairy business market share.
Some of the new capital improvements are already under way, with completion expected by the end of the third quarter. New investments are being made in additional high-speed compression and injection molding equipment as well as in existing production line upgrades. The company projects that approximately 30 production employees will be added to those locations when the increased capacity is operational.