Packaging company PPi technologies has invested $5.4m on a new 100,000-square-foot manufacturing plant in Sarasota.
The new plant will help the company tackle the increase in demand for filling pouches. The facility demonstrates machines between the price range of $200,000 to $1m.
Company spokesperson Sandra Murray was quoted by the Herald Tribune as saying that the company is in talks with a solid food producer, whose contract would need them to double their payroll. Keeping that in mind, PPi is planning to build a second contract-packaging operation soon.
The company develops unique packaging solutions for different companies, with primary line of work being manufacturing packaging machinery for food processing plants.
Apart from the current investment, PPi further plans to spend about $5m more in the next five years to meet the growing demand of contract packaging services. This move could lead to the doubling of its employees from the current 49 to around 100.
PPi also plans to build a $5m automated distribution center to meet its growing inventories of products packaged for others, both solid and liquid.
According to the company, it produces almost two out of three of the 1,700 pouch-packing machines in use in the US.
