Article: Pactiv Introduces Technologically Advanced Extended Shelf Life Tray for Case Ready Market.

Business Editors

LAKE FOREST, Ill.--(BUSINESS WIRE)--Jan. 27, 2004

Pactiv Corporation (NYSE:PTV) today announced the introduction of a technologically advanced extended shelf life (ESL) tray for the red meat case ready market - a market that is growing over 20 percent annually. The product combines high quality at the lowest manufacturing cost. Furthermore, this proprietary technology significantly improves sealing time, resulting in faster throughput speeds and efficiency for meat processors. Pactiv's trays can essentially cut sealing time in half versus industry standards, delivering lower production costs and flexibility for the processor.

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