The worldwide PET magazine
Smithers latest market report, ‘The Future of Global Packaging to 2024’ forecasts the global packaging market value will increase from $917 billion in 2019 to $1.05 trillion by 2024, with a compound annual growth rate (CAGR) of 2.8%. Asia is the largest market of world packaging consumption, followed by North America
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If post-consumer recycling materials are to be processed directly into PET sheet, with a process authorised by FDA or by EFSA, an indispensable solution is required. With its IR-Clean System, Kreyenborg now offers an alternative for post-consumer materials and direct decontamination processing of PET – without any kind of vacuum technology.
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On 19th February Sacmi purchased Velomat, a leading designer and manufacturer of high-speed assembly machines since 1986. This takeover is part of a broader strategy by Sacmi -a leading provider of caps & closures solutions – to expand its product range in a sector characterised by fast-paced product and technology development.
Read moreLoop Industries, Inc. announced that they have entered into a multi-year offtake agreement with beauty industry brand L’Oréal to supply them with PET resin made of 100% recycled materials for their packaging needs. This resin is to be supplied from Loop Industries’ joint venture facility in Spartanburg, South Carolina, USA with
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Manjushree Technopack Limited (MTL), India’s largest rigid plastics packaging company backed by Advent International, announced the launch of a new greenfield plant in Silvassa in Western Indian. The new plant has a capacity of 10,000 MTPA and MTL has committed an investment of INR 100+ crore for the same. The plant
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Pact Group work with The Collective to launch the first yoghurt bottle in New Zealand that incorporates recycled plastic (rPET) in its packaging. As part of The Collective’s sustainability journey to reduce their environmental impact, their kefir probiotic yoghurt is the first of its products to hit the shelves with recycled
Read moreLogoplaste announced that Masterchem, a leading Polish manufacturer of PET bottles, jars, preforms and caps, is now part of the Logoplaste Group. As of March 3rd, the company will be known as Masterchem Logoplaste and will be led by CEO Piotr Wasilewski. Located in Zielona Góra, Masterchem Logoplaste is intended to
Read moreIneos Olefins & Polymers has announced a partnership with Forever Plast SpA, a leading polymer recycling technologies operator in Italy. Together they have developed a range of new Polyethylene grades that are intended to mirror Ineos virgin grades and to fit both, injection and compression moulding. The new Recycl-IN products take
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In Sweden, Coca-Cola will roll out its new range of plastic bottles made entirely from rPET (excluding labels and closures). They come with labels on which the brands step aside to make way for a recycling message. The new labels will be introduced across the Coca-Cola, Fanta, Sprite and Bonaqua brands
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Indorama Ventures Public Company Limited (IVL), a global chemical producer, announced its full year and fourth quarter 2019 financial results. The company concurrently undertook several transformative initiatives that were announced on 4th Feb 2020 at its Capital Market Day and are expected to generate benefits starting in 2020 and targeted to
Read moreSukano, a global masterbatch specialist for PET, PLA and specialty resins, has been certified according to the COTREP recyclability test protocol and will be featured in the CITEO positive list. This gives brand owners a documented ‘end of life’ alternative as it ensures the sorting and recycling of black PET products
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