The worldwide PET magazine
DS Smith announced it has reached agreement to sell its Plastics division to Olympus Partners for an enterprise value of $585 million, (approximately €519 million). The transaction is subject to customary closing conditions including regulatory approvals, with completion expected to take place in the second half of this calendar year. The
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M&H Plastics has developed a technique that allows a brand to add a series of ridges inside the bottle which creates a straight line or spiral effect inside the mould of the bottles. Bottles treated to the spiral effect have the choice of creating the ridges vertical or allow the ridges
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The Tetra Laval Group Board has appointed Ms Monica Gimre, President & CEO of Sidel Group effective July 1, 2019. The appointment follows the decision by Mr Sam Strömerstén to retire from his position after more than three years as President & CEO and 36 years with the Tetra Laval Group.
Read moreRing Container Technologies, a leader in the plastic container manufacturing industry, announced the launch of its patent-pending, proprietary technology, BarrierGuard. The company is disrupting the traditional balance of protection and value with the initial application of this technology, BarrierGuard OxygenSmart. Ring currently produces bottles using BarrierGuard OxygenSmart at its newest plant,
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Carbios, a company pioneering new, bioindustrial solutions to reinvent the lifecycle of plastic and textile polymers, announced it has successfully produced the first PET bottles made with 100% Purified Terephthalic Acid (rPTA), through the enzymatic biorecycling of plastic waste. The company states that this milestone is a world-first, and confirms the
Read moreSustainable technology company Anellotech and its joint development partners IFPEN and Axens have processed renewably-sourced aromatics made at Anellotech’s TCat- 8 pilot plant to successfully recover high-purity bio-based paraxylene – a key component for making 100% biobased PET bottles a reality. Anellotech, IFPEN and Axens will now purify additional paraxylene to
Read moreThe PET and rPET market has seen considerable change in the past year and the industry is looking for strategies to grow its businesses. This year’s PET Value Chain Conference held in Amsterdam, The Netherlands, from March 11-13 will provide insights into the rising topics that are important for business strategy.
Read moreHusky Injection Molding Systems announced the appointment of John Hafferty to the position of Chief Financial Officer. He will join Husky’s senior leadership team and will lead the global finance organisation.Mr. Hafferty has more than 35 years of financial and business experience with global companies. Prior to joining Husky, Hafferty was
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A new “concept to commercialisation” partnership has been formed to help brand owners launch new or redesigned packages faster, backed by prototyping/testing to facilitate marketplace success. “The challenge most brand owners face is that they have to outsource different parts of the commercialisation process to various companies, compromising speed-to-market, as well
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The L’Occitane Group and Loop Industries announced the signing of a multi-year supply agreement for Loop branded 100% sustainable PET. The agreement will see the L’Occitane en Provence brand start to incorporate Loop PET plastic into its product packaging as of 2022, enabling it to increase from its current 30% recycled plastic
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IBM researchers have created a new technology called VolCat, a catalytic waste-free chemical process that claims that it can turn even coloured PET into a renewable resource. VolCat aims to use a precise combination of chemicals, heat and pressure to reduce this amount of plastic, and ultimately the amount of waste,
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