Packaging company comes to Cedar Port
August 2, 2015
Cedar Port Industrial Park, the largest industrial park on the Gulf Coast, will have a new tenant in the coming months as the Venezuela-based PBP Inc. recently purchased 50 acres along with an existing 312,000-square-foot warehouse.
The South American plastics packaging company provides turnkey resin bagging, packaging and storage services to the petrochemical industry resins market.
NAI Partners brokered the acquisition of the space for an undisclosed price.
“The are moving in as we speak. They’re hooking up all of their equipment and they’re a plastics packager,” said Joel Michael, a partner of NAI Partners. “And there is a lot plastics that comes into the park via rail and they’re there to take advantage of that.”
PBP plans to use the 50 acres to expand operations and add more warehouse space, which will also benefit the Cedar Port Industrial Park.
“For Cedar Port, it will increase rail traffic, which TGS is originally a rail company so this will definitely increase the volume of rail traffic into the park,” said Michaels. “And this is their first purchase in the U.S. and they are just going to expand their business here.”
PBP Inc. joins several national and international companies with significant operations in the park that includes Atlanta-based Home Depot, Arkansas-based Walmart Stores, India-based JSW Steel’s plate and pipe manufacturing facilities, Istanbul and Turkey-based Borusan Mannesmann’s steel pipe manufacturing facility and Houston-based National Oilwell Varco.
At 10,987 acres, Cedar Port is three-fourths the size of Manhattan and is the world’s fifth-largest industrial park.