PETnews 6 NEWS PETplanet Insider Vol. 26 No. 12/25 www.petpla.net Wisecap and Corvaglia form strategic partnership for the production of beverage closures in Europe Wisecap Group, a European producer of plastic caps and closures for the beverage industry, and Corvaglia Group, a provider of closure solutions for beverage packaging, have entered into a strategic industrial partnership. Under the agreement, Wisecap will integrate the caps manufacturing activities of Corvaglia Closures Eschlikon AG, a subsidiary of Corvaglia Holding AG, into its European production network, which spans sites in Italy, Spain, the Czech Republic, Poland, and Egypt. Corvaglia will take a minority stake in Wisecap and supply its injection-moulding technology and closure designs to the Group. Through this partnership, customers will gain access to a wider range of closure solutions. The partnership is expected to accelerate innovation cycles, enhance technical support, and increase supply flexibility across Europe. Corvaglia will continue to focus on technology development and mould production from its headquarters in Eschlikon, while Wisecap will operate the combined caps production for the EMEA market. Both companies intend to ensure a smooth transition and uninterrupted supply to all customers currently served by Corvaglia Closures Eschlikon AG. Corvaglia remains fully committed to its global beverage closure business and to serving customers along the entire value chain. In Europe, this will be achieved through the new partnership with Wisecap, while in the United States and Mexico Corvaglia will continue to operate independently, covering closure design, injection-mould production, and closure manufacturing in full. The parties have agreed to keep financial terms of the transaction confidential. www.corvaglia.ch www.wisecap.eu IMD GROUP acquired MMC Packaging Ltd. from TekniPlex The IMD GROUP has strengthened its global presence by partnering with MMC, enabling both companies to expand into new markets. The collaboration allows MMC to grow beyond North America while giving IMD GROUP a stronger foothold on the continent. The partnership bui lds on previous joint projects, which demonstrated compatibility between the two teams and broadened IMD GROUP’s product portfolio. Under the label “IMD Solutions”, the company can now offer a complete system solution for closures, from the cross conveyor, via the cooling conveyor to the sorter, via the vision system to automation such as slit and fold, lining, sealing, cap closing etc. and digital printing – all from a single and reliable group. “It will be also very exciting to explore where MMC can inspire IMD GROUP in the other areas like inspection of preforms, bottles, barrier and cans. I see a very promising future and look forward to talking with our customers and partners about other synergies we are about to explore,” said Matthias Hermle, Chairman of the Board at IMD GROUP. The partnership positions both companies to pursue future projects with customers and partners worldwide, leveraging the expanded capabilities resulting from the collaboration. www.imdgroup.ch Expansion of food-grade PET recycling plant in Mexico Arca Continental, Coca-Cola Mexico and other CocaCola bottlers and PetStar shareholders have inaugurated the expansion of PetStar’s food-grade PET recycling plant in Toluca, reported to be the largest facility of its kind in Mexico and worldwide. The project represents an investment of MXN 2.6 billion (approx. USD 142 million). At the inauguration event, attended by the Ministry of Environment and Natural Resources (SEMARNAT) under Secretary Alicia Bárcena, officials highlighted that the expansion brings PetStar’s total historical investment to MXN 5.1 billion (approx. USD 278 million), consolidating its position as a global benchmark in PET-bottle recycling and circulareconomy efforts. Driven by this expansion, the recycling capacity will rise from 50,000 to 86,000 t/a of food-grade recycled resin. This increase is the result of processing more than 123,000 t/a of PET – equivalent to 5.5 billion bottles – which will be reincorporated into the value chain of the Coca-Cola bottlers and PetStar shareholders: Arca Continental, Coca-Cola Mexico, Bepensa, Corporación del Fuerte, Grupo RICA, Grupo Embotellador Nayar, and Embotelladora de Colima. This investment will continue to generate direct economic and social impact by increasing the number of collection centers from eight to 32. This growth supports 2,200 formal jobs and 49,000 indirect jobs for urban reclaimers and waste pickers, who are a key component of the inclusive circular economy model promoted by the company. www.arcacontal.com
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