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Indorama Ventures Public Company Limited (IVL), the world’s largest producer of recycled PET for beverage bottles, completed a deal for an 85% equity stake in Czech Republic-based PET plastic recycler, UCY Polymers CZ s.r.o. (UCY), boosting the country and Europe’s plastic collection and recycling ambitions. As a result of the investment,
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In line with incoming packaging tax regulation in the UK to be introduced in April 2022, Paccor’s production team in Mansfield, UK, are now offering caps with a minimum 30% rHDPE (recycled high density polyethylene). This created a challenge due to the different nature of PCR material compared to virgin polymer
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Bericap, manufacturerr of plastic and aluminium closures, has received the TOP 100 award as one of the innovative small and medium-sized enterprises in Germany in 2022. The TOP 100 seal of approval underlines the company’s pioneering role in the closure technology segment. An award in the category of ‘Chemicals/Plastic’ went to
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BariQ for Techno and Advanced Industries celebrates the signing for constructing a new PET bottle-to-bottle recycling plant that will feature the latest plastic sorting systems from Tomra Recycling in Giza Governorate, Egypt. The Egypt-based company is the leading rPET producer in the MENA region. In its quest to meet the increasing
Read moreEvergreen, a plastics recycling and manufacturing company owned by The Sterling Group, is heading into 2022 as one of North America’s three largest producers of food grade rPET thanks to millions invested in strategic acquisitions and upgrades. From a single location in January 2021, Evergreen has grown to four locations across
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European companies are mostly confident Positive reports and optimistic expectations predominate the current situation in the European plastics industry. Three-quarters of the Pie survey respondents rate their business performance in the second half of 2021 being better than in the first half, or remaining stable, and about 90% of all market
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2021 saw BB Engineering GmbH. Remscheid, Germany, deliver a melt filter for recycling PET flakes to polyester manufacturer Indorama Polyester Industries Thailand. Indorama will be using the type NSF38 filter in its recently assembled recycling system in order to produce rPET granulate from flake PET bottle waste. The NSF38 filter enables
Read moreWith an eye to curbing plastic waste, The Coca-Cola Co. announced the goal to increase the share of its beverages delivered in returnable/refillable containers. The company committed to selling 25% of beverages in refillables by 2030, up from a current 16%. The pledge was in response to a pending shareholder proposal
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The “Cool Three” children’s drinks packaging has been re-thought and now offers better recyclability utilising the new, functional label material “EcoFloat” from CCL Label. This floatable polyolefin shrink sleeve label is claimed to enable the underlying PET bottle to be completely recycled. Labels and sleeves play a major role in the
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Mark Smith, Senior Vice-President at Universal Closures, took time out from a very busy and demanding schedule to visit the PETplanet Insider representative office in Salisbury, Wiltshire, England, early in February. It was a pleasure to see him again; his news and views are always of interest and often revelatory. Universal
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The Alpla Group, the global packaging solutions and recycling specialist, increased its turnover in the 2021 financial year by 8.4 per cent to four billion euros. The number of employees worldwide increased to 22,100. In addition to investments in recycling and in the development of bio-based and biodegradable plastics, the company
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