EVANSVILLE, IN, January 19, 2009 - Berry Plastics Corporation announced plans today for a major expansion of thermoforming operations to increase manufacturing capacity with targeted startup in the first quarter of 2010.
Berry's expansion is being driven to add capacity which will support customers' growing desire for plastic thermoformed products. A portion of the new expansion will be dedicated to manufacturing drink cups.
Berry is evaluating multiple project sites to determine the final location for the expansion. This expansion includes capital investment in building and equipment of approximately $80 million in the first three years and will create more than 150 new jobs.
Beyond the initial project phase, Berry's plans include additional capital investment and employment at the selected site as additional capacity is required by the market.
For additional information, please contact:
Executive Vice President Commercial Development
Berry Plastics Corporation
101 Oakley Street
Evansville, IN 47710
Telephone: (812) 424-2904
About Berry Plastics Corporation
Berry Plastics is a leading manufacturer and marketer of plastic packaging products. Berry Plastics is a major producer of a wide range of products, including open top and closed top packaging, polyethylene-based plastic films, industrial tapes, medical specialties, packaging, heat-shrinkable coatings and specialty laminates. The company's 13,000 plus customers range from large multinational corporations to small local businesses. Based in Evansville, Indiana, the company has 66 manufacturing facilities worldwide and nearly 14,000 employees.
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Certain statements and information included in this release may constitute "forward looking statements" within the meaning of the Federal Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of Berry Plastics to be materially different from any future results, performance, or achievements expressed or implied in such forward looking statements. Additional discussion of factors that could cause actual results to differ materially from management's projections, forecasts, estimates and expectations is contained in the company's SEC filings. The company does not undertake any obligation to update any forward-looking statements, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise.