The company's CEO, Harold Bevis, said that the investment would help it expand production capacity at three of the its personal care and food products manufacturing facilities in North America.
The facilities are located in McAlester, Oklahoma, Macedon, New York and Washington, Georgia.
Specific equipment involved in the expansion includes two new high-speed, wide-web, 10-colour process printing press lines, a state-of-the-art 156" wide, 7-layer cast embossed co-extrusion upgrade, and a next-generation electron beam polymer coating line, according to a statement issued by the company. The firm will begin to install the equipment in June.
"This investment is an important part of Pliant's overall growth strategy," said Ken Swanson, president of Pliant's personal care and food products businesses. "These investments are designed to upgrade and expand manufacturing assets that deliver innovation and raw material management into our target markets."