Origin Materials, Inc. confirmed that three additional CapFormer lines are currently under construction and undergoing testing. These lines are expected to complete their Factory Acceptance Tests (FATs) during the second quarter of 2025.
The company reiterated its previous guidance, confirming it remains on target to have a total of eight CapFormer lines online by the end of 2025. This expansion is crucial for addressing the growing customer demand for Origin's PET caps.
This update underscores the company's focus on rapidly deploying manufacturing capacity. The CapFormer lines are central to Origin's strategy to transform into a closures manufacturing organization with healthy revenue and margins.
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