Tekni-Plex, Inc. to Cease Operations at Burlington, NJ Resin Production Plant
Tekni-Plex said that its other businesses, including the compounds business, are functioning as usual and are unaffected by the
About Tekni-Plex, Inc.
Tekni-Plex is a global, diversified manufacturer of packaging, packaging products and materials, as well as tubing products. The Company primarily serves the food, healthcare and consumer markets. It has built leadership positions in its core markets, and focuses on vertically integrated production of highly specialized products. Tekni-Plex has operations in
The Company’s operations are aligned under two business segments: Packaging and Tubing Products. Representative product lines in the Packaging segment include foam egg cartons; pharmaceutical blister films; poultry and meat processor trays; closure liners; aerosol and pump packaging components; and foam plates. Representative product lines in the Tubing Products segment include garden and irrigation hose; medical tubing; and aeration hose. The Company also manufactures other products that do not fit in either of these segments, including vinyl compounds.
This press release and certain oral statements made from time to time by representatives of Tekni-Plex, Inc. (which we refer to as “Tekni-Plex,” the “Company”, “we”, “us” or similar words) may include “forward-looking” statements. The words “believe,” “expect,” “intend,” “estimate,” “anticipate,” “will,” and similar expressions identify statements that are forward-looking. All statements addressing the impact of the closing of our
Forward-looking statements involve risks, uncertainties and assumptions that could cause actual results to differ materially from such forward looking statements. Factors that would cause or contribute to such differences include, but are not limited to: price volatility and availability of raw materials and the Company’s ability to correspondingly increase its prices, competitive factors, risks related to foreign investments and operations, seasonality, changes in environmental and safety laws and regulations and other risks as discussed from time to time in the Company’s other public statements and reports. Although we do not make forward-looking statements unless we believe we have a reasonable basis for doing so, we cannot guarantee their accuracy. Investors should not put undue reliance on any forward-looking statements. These statements speak only as of the date hereof and we undertake no obligation to update or revise these statements to reflect events or circumstances occurring after the date hereof.
Contact: Media Inquiries Only: Kekst and Company Michael Freitag or Mark Semer (212) 521-4800
SOURCE Tekni-Plex, Inc.