If a company is going to be great, its employees need the tools and equipment to get the job done.
Larry Lanham, owner, founder, president and CEO of Polymer Packaging Inc., invested time and money last year expanding his flexible packaging company’s operations. In addition to new production lines, high-speed equipment and the implementation of planning systems to enhance controls and processes, the company laid the groundwork for this year’s $20 million-plus expansion, which includes a new location and facility.
This has helped North Canton-based PPI grow annual sales 30 percent to nearly $40 million, and the company is on pace with its plan to reach $100 million in revenue by the end of fiscal year 2010.
Last year, PPI opened sales offices in St. Louis, Atlanta, Chicago, Duluth, Minn., and Phoenix and added 14 new team members. This brings PPI’s team from a one-man operation in 1986 to more than 80 people today.
PPI’s commitment to customer service and innovation was proven last year. Its largest customer, National Paper and Packaging, honored the company as Supplier of the Year, and the Flexible Packaging Association gave PPI a Silver Award for Technological Achievement for its large Quad-Seal pet food bags.
The company also was awarded its sixth patent for packaging innovations and has another pending. Lanham says his company plans to launch a line of biodegradable packaging that was developed through research conducted in 2005.
One of PPI’s primary raw materials is polyethylene resin, a derivative of oil and natural gas. During 2005, it saw a more than 40 percent price escalation of this material. As a result, it focused on providing source-reducing alternatives for all of its packaging customers. By evaluating materials and creatively using technology, PPI was able to turn difficult economic circumstances into business growth.
PPI employees support Pathway Caring for Children, United Way, Junior Achievement and the Multi-Development Services of Stark County. The company raised money for tsunami and hurricane relief, participated in the Leadership Stark County “Meet the CEO” program and recently contributed $25,000 toward the completion of the Jackson Township YMCA.
HOW TO REACH: Polymer Packaging Inc., (330) 649-6000 or www.polymerpkg.com
