PETpla.net Insider 09 / 2016

PET news 6 PET planet insider Vol. 17 No. 09/16 www.petpla.net 50 companies already and counting! In www.wikipetia.info w e have now posted details of 50 companies in the PET sector together with their products and services. https://www.petpla.net/wiki?title=Companies Would you like to be part of our century of companies? Open an account a t doris.fischer@hbmedia.net an d submit your company profile - free of charge. We look forward to wel- coming you to the Wikipetia community. www.wikipetia.info The LiquiForm Group announces Krones AG as new development partner The LiquiForm Group has announced that Krones AG, a global manufacturer of filling and packaging equipment, has entered into a technology licensing agreement to further develop and commercialise LiquiForm’s forming and filling manufactur- ing technology. “With the LiquiForm technology, Krones has an opportunity to build on existing bottling technology, intellectual property and know-how to develop unique industrial solutions for improving the total cost of ownership for our customers even further,” said Dr Christian Compera, head of bottling technology at Krones AG. LiquiForm technology combines container forming and fill- ing processes into a single step. The technology uses liquid product instead of compressed air to form a rigid plastic con- tainer, a process which is said to offer an opportunity for more sustainable and efficient operations as compared to traditional blow and fill technology. “We are pleased to have Krones as a licensee, given its history of technology and innovation leadership in processing, filling and packaging,” said Ashish Saxena, vice president and general manager of The LiquiForm Group. “Adding to the exist- ing efforts of Sidel, Amcor, and Yoshino, Krones will aid the technology commercialisation and enable LiquiForm to reach its full potential.” www.krones.com www.liquiformgroup.com Greiner Packaging establishes joint venture with Indian packaging manufacturer Greiner Packaging is continuing to broaden its international market position by expanding in India. This move will make Greiner Packaging India Pvt. Ltd., a joint venture with the New Delhi-based Century Ultrapack, one of the leading providers of plastic packaging in the Indian dairy industry. Greiner Packaging is establishing a joint venture with the successful Indian company, Century Ultrapack. The new venture is doing business under the name Greiner Packaging India Pvt. Ltd., Greiner Packaging has acquired majority ownership. On the heels of its expansion in Turkey last year, Greiner packaging is thus taking another step toward the growing Asian markets. The goal of the joint venture is to be able to offer Greiner Packaging’s high standards in India as well. This will make it possible to supply large multinational customers in the country for the first time, greatly improving product quality and safety, and focusing on hygiene and production by modernising the available infrastructure. In the first year alone, investments will also be made in a significant expansion of production capaci- ties using Western technology. Headquartered in New Delhi, Century Ultrapack was estab- lished in 1980 and is owned by the Bajaj family. Altogether, a total of 135 employees, 62 of them temporary workers, are working for the company, which is among the leading suppli- ers of plastic packaging in the Indian dairy industry. To date, it has most notably been supplying customers such as Mother Dairy, Amul or Pepsico in the northern part of the country. Its portfolio includes over 250 different packaging products, mainly for milk products and ice cream. www.greiner-gpi.com Indorama Ventures enters long-term agreement with Cepsa Indorama Ventures Public Company Limited (IVL), a lead- ing producer of intermediate petrochemicals, and Compañía Española de Petróleos S.A.U. (“Cepsa”), an energy group, announced the expansion of their strategic partnership with the signing of an exclusive supply agreement for metaxylene, a key feedstock for the production of Isopthalic Acid (“IPA”), a high value-added chemical additive used in the manufacture of PET, coatings and other resins. Following the supply agreement, Cepsa will construct its second metaxylene unit for exclusive supply to IVL. The new Sorbex unit, a near replication of the existing unit, will have a capacity up to 70,000 metric tonnes per annum. Together with the existing metaxylene unit, Cepsa will be able to supply the entire production to Indorama Ventures’ co-located site, which is integrated with Cepsa’s refinery in San Roque, Cádiz, Spain. The additional new supply is expected to come on- stream in 2018. Indorama Ventures acquired the vertically-integrated busi- ness of IPA, PTA and PET from Cepsa in Spain in April 2016 and expects to make further investments at this location to improve the capacity, reliability of supply and service of goods to customers in a competitive environment, maintaining the site’s excellent track record driven by its employees. Mr Aloke Lohia, Group CEO of IVL said, “This agreement will allow us to cater to our customers’ growing IPA needs globally, from a reliable production platform with proven technology and a competitive supply chain infrastructure. The global IPAmarket is growing at 5%/a and it is our responsibility as a leader to support the growth effectively.” www.indoramaventures.com