Berry Global Plans $110M Investment To Expand North American Capacity

Berry Global Group Inc BERY has announced a $110 million investment to expand its foodservice packaging manufacturing operations in North America.
The plan will expand the company’s polypropylene thermoforming capabilities to manufacture clear drink cups and lids for quick-service restaurants, coffee shops, convenience stores, and other foodservice markets.
The North American expansion is expected to be operational in 2022 and will add 200 new jobs.
Berry Global noted that polypropylene cups and containers are the third most curbside-recycled plastic by consumers, citing the 2019 U.S. Post-Consumer Plastic Recycling Data Dashboard.
Price Action: BERY shares are trading lower by 0.30% at $63.51 on the last check Tuesday.