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Schaumburg, IL, JUly 22, 2008 — Pliant today announced a continuation of its capital investment program for its Canadian operations. New investment approaching $3MM in 2008, when added to the $4.5MM invested in 2006 and 2007, is significantly improving Pliant’s product offering for the Canadian market.
Similar to initiatives currently underway in Europe, Asia and Mexico, Pliant has also initiated exciting new strategies to grow its market share in Canada. With the recent addition of a new leadership team and more focus on the needs of the Canadian marketplace, Pliant Canada will actively expand the Company’s market share for its industry-leading Meat and Food Wrap, Pallet Wrap, Engineered Films, Personal Care, Medical and Printed products.
Tim French, Pliant’s Managing Director for Canada said: “Pliant has the most comprehensive offering of quality products available in Canada from a single manufacturer.” Tim re-joined Pliant in March 2008 from Snowbear, where he was CEO, bringing 20 years of plastics industry experience, customer relationships and knowledge of Canadian markets, sales channels and plastics manufacturing processes.
Harold Bevis, Pliant’s President and CEO, noted: “Pliant is firmly committed to market leadership in Canada and has a long history of innovation. Our program of continued capital investment combined with a re-energized Canadian team will drive Pliant’s ambitious growth plans.”
With Canadian headquarters in Orillia, Ontario and existing manufacturing facilities located in Orillia and Toronto, Ontario, Pliant will be actively seeking strategic Canadian acquisitions, as well as expanding its current sales force to better serve the domestic market.
Pliant Corporation, with sales in excess of one billion dollars worldwide, including sales exceeding $110 million in Canada, is one of the largest manufacturers of engineered packaging and specialty products in Canada and North America.
Pliant Corporation is a leading producer of value-added film and flexible packaging products for personal care, medical, food, industrial and agricultural markets. The Company operates 21 manufacturing and research and development facilities around the world, and employs approximately 2,900 people. |
