- 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.
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