Beontag has set its sights on expansion in North America by investing in a 200,000-square-foot industrial building to drive production for its pressure-sensitive adhesives and smart tags.
Over US$60 million is set to be invested into equipment, machinery, and tenant improvements at the facility over the next two years. Coaters, slitters, sheeters, and other equipment will be utilized to scale up the company’s production volumes – initially focusing on graphic and label material functions, with RFID and Linerless operations planned to be integrated into the same building.
Located in Dayton, Ohio, the facility is expected to create approximately 200 new jobs and is scheduled to become fully operational by August 2024.
These plans tie into Beontag’s investments in the North American market, which began with its acquisition of pressure-sensitive adhesive specialist Technicote in September 2022. Technicote will soon be merged into Beontag to become Beontag US.
“Beontag has made no secret of our ambitious plans for US Expansion – which are dependent on state-of-the-art facilities, new and innovative equipment, strong infrastructure, and a great community of people,” said Beontag CEO Ricardo Lobo. “We’re very pleased to have found that in Dayton, Ohio and wish to thank the City and State offices that have helped make this ambition possible.
“On behalf of everyone in our truly global business, I’m glad to say that Beontag is looking forward to sharing the innovative products that will be manufactured here, with the wider North American market – and beyond.”
“We are excited that Beontag has chosen the Dayton Region as the home of their new Ohio facility,” added Julie Sullivan, Dayton Development Coalition’s executive vice president of Regional Development. “This new facility will accommodate new equipment, technology, and employment growth.”
The news comes after Toppan announced its sale and purchase agreement with JOLED Inc. to build a mass production line for high-density semiconductor packages in Nomi, Japan.
In other instances of expanding production facilities, Borealis has acquired Bulgaria-based advanced mechanical recycler Integra Plastics AD in hopes of increasing its recycling capacity by over 20,000 tons; and AkzoNobel will invest €32 million into a new plant at Vilafranca del Penedès to manufacture bisphenol-free coatings for metal packaging companies in the EMEA region.
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