The cash has been pumped into Husky HPP injection equipment, which Petainer claims has been designed with eco-friendly principles in mind, which would enable the plant to become more environmentally friendly.
“This investment follows on the heels of our initial investment plan from the second half of 2012 and we would be following this up in 2013 with yet further investments,” said group chief executive Nigel Pritchard.
Confidence
“This is an exciting time in our development and the investment in the latest technology is a demonstration of our confidence in our Lidkoping business.”
The equipment would enable the company “to apply the latest green methodologies and will support our current product portfolio and expansion”, he added.
Philip Sanner, director of group sales and marketing, said: “The timing for sophisticated technology-based investments is the right one. The group will continue to develop its local markets and grow its operations into other geographies.”
Environmentally friendly values
Petainer is a specialist polyethylene terephthalate (PET) firm, which is based in the Czech Republic and committed to sustainable and environmentally friendly values.
The business hit the headlines almost a year ago when it launched a refillable plastic bottle composed of 25% post consumer recycled PET.
According to Petainer, the bottles, which are returned by the consumer to the retailer, which then passes them on to the manufacturer for cleaning and reuse, only need replacing once every 20 trips. In addition, total virgin PET used per filling is effectively 90% lower.