Thu, Dec 18, 2014 13:31
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Texas Spends $930,000 on Corsicana Packaging Plant

Texas Business reports:  CORSICANA—Texas is spending $930,000 to help fund a Corsicana food packaging plant expansion.

The state is investing $930,000 through the Texas Enterprise Fund (TEF) in Pactiv for the expansion of the company's manufacturing facility in Corsicana.

Pactiv is the world's largest producer of food service disposables and food packaging, operating 55 manufacturing plants in seven countries.

The company is expanding its Corsicana operations by building a 150,000-square-foot addition to its existing facility. This plant will be the second site in Pactiv's global network to manufacture Expanded Polystyrene (EPS) cups and containers.

“The market demand for EPS cups is strong and this will be a great addition to Pactiv's existing, multi-material offering,” said Pactiv chief executive John McGrath in a prepared statement. “Our customers will benefit from the opportunity to get a broader assortment of products from us. Texas has been a great place to do business for our company and we thank Texas for its support of our expansion project.”

The Legislature created the TEF in 2003 and has re-appropriated funding in every legislative session since then. TEF projects must be approved by the governor, lieutenant governor and speaker of the house.