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July 30, 2015 10:31 AM ET

Containers and Packaging

Company Overview of Pechiney Plastic Packaging, Inc.

Company Overview

Pechiney Plastic Packaging, Inc. manufactures and markets plastic packaging products for food, meat, dairy, healthcare, and specialty markets. Its products include single and multilayer polyolefin, plain and printed films and laminations, bags, pouches, lid stock, and thermoformed trays. The company also offers PET barrier bottles and plastic bottles for the food and beverage markets. The company was founded in 1999 and is based in Chicago, Illinois. It has additional locations in the Americas, Europe, and Australasia. Pechiney Plastic Packaging, Inc. operates as a subsidiary of Rio Tinto Alcan, Inc.

8770 West Bryn Mawr Avenue

Chicago, IL 60631

United States

Founded in 1999

Phone:

773-399-8000

Fax:

773-399-8090

Key Executives for Pechiney Plastic Packaging, Inc.

Chief Financial Officer and Vice President
Vice President of Strategy and Business Development
Vice President of Research and Development
Vice President and General Manager of Meat and Dairy
Vice President of Research
Compensation as of Fiscal Year 2015.

Pechiney Plastic Packaging, Inc. Key Developments

The Department of Justice and the U.S. Environmental Protection Agency Proposes Settlement with Pechiney Plastic Packaging, Inc., Albea Americas, Inc., Bristol-Myers Squibb Company, Citigroup Inc., and Rexam Beverage Can Company

The Department of Justice and the U.S. Environmental Protection Agency (EPA) announced a proposed settlement with several companies to address the Pohatcong Valley Groundwater Contamination Superfund site in Warren County, New Jersey. The companies are Pechiney Plastic Packaging, Inc. (Pechiney), Albea Americas, Inc., Bristol-Myers Squibb Company, Citigroup Inc., and Rexam Beverage Can Company. The Pohatcong site is contaminated with trichloroethylene (TCE) and perchloroethylene (PCE), which can have serious health effects. Under the proposed settlement, Pechiney will have primary responsibility for cleaning up contaminated soil and groundwater at the site, connecting some residents to public water to avoid contaminated groundwater, and operating systems to capture vapors that are getting into a manufacturing facility. As a precaution, the company will continue to monitor for vapor intrusion into homes at the site. In addition, the EPA will receive an estimated $29.5 million for certain past costs and be paid for its future oversight costs at the site. Pechiney will also perform current and future cleanup work estimated to cost $62.5 million, and will pay EPA's future oversight costs. As part of the settlement, EPA will recover civil penalties from Pechiney to resolve allegations that Pechiney violated a previous EPA order by failing to make satisfactory progress on a portion of the cleanup at the site. Pechiney will pay a cash penalty of $282,000. Pechiney will also restore and preserve approximately 60 acres of land, valued at $1.1 million, in Warren County through a Supplemental Environmental Project. This land will be converted to native grassland and will become part of the Morris Canal Greenway.

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