The worldwide PET magazine
The latest 2024 annual report published by Plastics Recyclers Europe reveals the largest capacity contraction ever recorded in the sector. Preliminary 2025 data indicate a 50% increase in recycling facility closures, resulting in the loss of nearly one million tonnes of European recycling capacity over just three years. “Now is the
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After a decade of concerted effort, leading companies have bent the curve on virgin plastics in packaging. The Ellen MacArthur Foundation’s new 2030 Plastics Agenda for Business provides the blueprint to build on this progress in eliminating plastic waste and pollution in the years ahead. Over the past ten years, more
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Reinhard Schneider won EY Entrepreneur of the Year and Audience Award “Shape the Future with Confidence” was the motto for the 29th EY Entrepreneur of the Year awards ceremony at which Werner & Mertz owner Reinhard Schneider was named winner in the Sustainability category. The owner-managed, visionary company was honored
Read moreCARBIOS and Wankai New Materials, a listed subsidiary of Zhink Group, have signed an agreement outlining the key principles of a collaboration to deploy CARBIOS’ PET enzymatic recycling technology in Asia. This step follows a Letter of Intent signed on June 24, 2024. Under the terms of this agreement, CARBIOS and
Read moreIt has long been evident for the IMD GROUP that it needs a strong foothold in North America in order to strengthen its global presence and remain a well-positioned partner worldwide in vision inspection, handling & automation and digital printing of closures and other plastic packaging. For MMC, conversely, it was
Read moreCompoSecure, Inc., a leader in metal payment cards, security, and authentication solutions, today announced its financial and operating results for the third quarter ended September 30, 2025. Concurrently, CompoSecure announced a business combination with Husky Technologies Limited (“Husky”), a market leading manufacturer of engineered equipment and aftermarket services, in a transaction
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Biffa has completed a transaction to merge its UK PET recycling operations with Esterform – an established UK PET preform and bottle manufacturer. This acquisition creates an end-to-end circular PET packaging business ahead of the 2027 launch of the UK’s Deposit Return Scheme which is set to drive an increase in
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Coca-Cola in Hong Kong, represented by The Coca-Cola Company and its bottling partner Swire Coca-Cola, has reaffirmed its commitment to reducing beverage packaging waste by recycling locally collected plastic bottles into new ones. The initiative leverages the advanced recycling facility supported by the Coca-Cola System in Hong Kong. As Hong Kong
Read moreHillenbrand, Inc. announced that it has entered into a definitive agreement to be acquired by an affiliate of Lone Star Funds in an all-cash transaction valued at $32.00 per share, equating to an enterprise value of approximately $3.8 billion. The purchase price represents a premium of approximately 37% over Hillenbrand’s unaffected
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Sidel has officially opened a new office in Phoenix, Ikeja (Lagos), to strengthen its presence across West Africa. The new office will serve as a regional hub for project management, engineering, after-sales services, and customer engagement, bringing Sidel closer to its customers in Nigeria, Ghana, Côte d’Ivoire, and neighbouring markets. “West
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Circular Plastics Company (CPC) has chosen Italian technology from Sorema, a global leader in the manufacturing of plastic recycling plants, for its new line in Vietnam. The line, inaugurated on June 10, 2025, is designed for PET recycling and incorporates advanced technologies. Fully operational for several weeks, it delivers a production
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