FMN | October 3rd, 2016

An N.V. Publication FLEX

October 3, 2016

Vol. 18 No. 20

Market News

®

Serving The Flexographic Printing Industry In Print and Online at www.nvpublications.com

Kendall Breaks Ground On Facility Expansion reported by Greg Kishbaugh A t the beginning of September, Kendall Packaging an- nounced it would dramatically expand its Pittsburg, Kansas, facility. The company, with headquarters in Mequon, Wisconsin, officially broke ground at a ceremony on Septem- ber 21 at the Kansas site, which will see a $10 million, 59,000- square-foot expansion that will double its size.

Flexible Packaging Continues To Grow The global market for f lexible packaging is expected to be valued at $238.5 billion by the end of 2016 and $358.7 billion by the end of 2024, with a projected CAGR of 5.2 percent from 2016 to 2024 in rev- enue, according to a new report fromTransparency Market Research. Leading The Way Stand-up pouches are expected to remain the leading product type manufactured in flexible packaging. By the end of 2024, stand-up pouch products are expected to generate a revenue of $85.9 billion. Its leading demand is attributed to the ease of storage of stand-up pouches, superi- or extension of shelf life for fluid contents, and above average abilities of taking on flexographic print. “Over the past few years, a large number of new products that were launched came in flexible packag- ing. In developed economies, more than 70 percent of the commercially available fresh fruits and vegetables are now stored in flexible packag- ing,” stated a TMR analyst. For exclusive content and breaking news please visit www.flexomarketnews.com

The expansion will make room for a new a 10-color flexo- graphic printing press, a solventless laminator, a slitter and other ancillary equipment, with $6 million allocated to the new equipment. The expansion will also have 1,400 square feet allocated for a new on-site wellness center. “This is our second major expansion in three years,” said Eric Erickson III, Kendall Packaging President and CEO. “Between the Pittsburg plant and our facility in Jefferson,Wisconsin, we have invested approximately $17 million in improvements.” (Cont’d on Page 12) Members of Kendall Packaging, including Pittsburg Plant Manager Jack Trostle ( far left ) and company President and CEO Eric Erickson III ( third from right ), break ground on the new facility.

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