KKR to provide long term financing to Petainer

Petainer UK Holdings announced that it has signed a binding agreement with KKR Credit for a €100 million debt and equity investment. The funding from KKR Credit will be used to refinance the Company’s capital structure and also finance the implementation of the Company’s growth strategy. Next Wave Partners will remain

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Bottled water industry supports Earth Day

The bottled water industry celebrates Earth Day by showcasing its efforts and dedication to protecting the environment and natural resources. “In keeping with this year’s Earth Day theme of ‘Trees for the Earth,’ the members of the International Bottled Water Association (IBWA) are continuing their sustainable industry focus through numerous environmental

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PET recycler Sorepla facing closure?

PET recycling company Sorepla, Neufchâteau, France had to appear in Epinal Commercial Court on April 19 to judge whether the company could continue its activities. According to French media, the case was postponed to May 10. The company is looking for a buyer since several years. In 2013, the company already

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The China Road Show is ahead

The editorial team of PETplanet Insider will be on the road again. In cooperation with China Brew China Beverage Show (11-14 October, 2016), the Editourmobil and its team will explore the PET markets of China Starting in May 2016 the Editourmobil will be taken on a tour of about 7,000km throughout

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Record registration figures for interpack 2017

show devoted to Industry 4.0- interpack 2017 has recorded the biggest exhibitor demand in its over 55-year history. By the official closing date for registrations for the trade fair for the packaging sector and related processing industries at the end of February 2016, companies had booked about 20% more space than

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Improving oval PET bottles

Special bottle shapes make high demands of many stretch blow moulders during production. The preferential heating system (PH) developed by the KHS Group enables bottlers to achieve perfect bottle quality with oval bottles in an energy-saving, safe and reliable process. The systems provider offers this option for its InnoPET Blomax Series

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Nigerian breweries change over to PET

Nigerian Breweries (Heineken Operating Company in Nigeria) commissioned PET Engineering’s team for the extension of their Climax, Amstel Malta and Maltina brands packaging to PET. The order involved a number of restrictions which included the need to use a preform that was readily available on the market to create unique shapes

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IVL acquisition of Cepsa Business in Spain complete

Chemical producer Indorama Ventures Public Company Limited (IVL) has announced the acquisition of 100% of the Purified Isopthalic Acid, Polyethylene Terephthalate (PET and Purified Terephthalic Acid (PTA) assets of Cepsa Química S.A., a subsidiary of Compañía Española de Petróleos S.A.U. (“CEPSA”) in Guadarranque-San Roque, Cadiz, Spain. The company will be renamed

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