VTT launches Olefy technology to drive circular plastic recycling

FINLAND – Finnish non-profit limited liability company, VTT Technical Research Centre has developed its cutting-edge Olefy technology to convert mixed plastic scrap economically into virgin-grade materials. The company says that the technology is compatible with most types of plastics currently on the market and can extract over 70% of plastics and chemical raw materials components from scrap. The new process…

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Amcor to divest Russian factories, completion of sale expected in H2 2023

RUSSIA – American-Australian global packaging company, Amcor has announced plans to sell its three factories in Russia, with completion of sale expected to occur in H2 2023. This announcement is in line with its statement in March regarding scaling down activities and exploring strategic options for its Russia operations. Until completion of the sale, which is currently expected to occur…

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Elopak records strong revenue growth and profitability in Q2 of 2022

NORWAY – Global supplier of carton packaging and filling equipment Elopak has reported revenue growth of 7% in Q2 of 2022. The growth has been supported by price increases and successful onboarding of Naturepak. This was achieved despite the discontinued operations in Russia. Elopak’s revenue has increased to €259 million (US$263.42 million), driven by growth in Europe Middle East and…

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Harpak-ULMA awarded pipette tip production contract

US – Harpak-ULMA, the industry leader in smart, connected packaging solutions, has been selected by a major medical device producer to provide automated flow wrap packaging lines for pipette tip production. The move will ensure reliable, US-based production of a vital tool utilized to dispense precise amounts of liquid in disease research and diagnostic labs. The firm’s solutions will meet…

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