BIMCO partners Ocean Bottle to remove single-use plastic bottles from ships

DENMARK – International shipping association BIMCO has launched an initiative to remove single-use plastic bottles from ships in partnership with Ocean Bottle. As part of its campaign to remove plastics from ships, the organization in collaboration with Ocean Bottle has launched co-branded reusable bottles. BIMCO said the introduction of reusable bottles will encourage ships to switch to sustainable alternatives to…

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Plastipak opens new recycling facility in Spain, expanding production

SPAIN – Plastipak, a global leader in the design, manufacture and recycling of plastic containers has opened its new recycling facility in Toledo. The facility will convert PET flake into food-grade recycled PET (rPET) pellets suitable for direct use in new preforms, bottles and containers. The new recycling plant will produce 20,000 tons of food-grade recycled pellets per year and…

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JK Paper goes for majority stake in Horizon Packs and Securipax Packaging

INDIA – Indian paper and packaging board company JK Paper has agreed to acquire 85% of the shares of Horizon Packs (HPPL) and Securipax Packaging (SPPL) for around Rs5.78bn (US$70.68m). JK Paper will acquire 269.2 million equity shares in HPPL, paying Rs19.33 (US$0.24) for every Rs10 (US$0.12) share. The company will also buy 463,000 SPPL equity shares for Rs1,256.95 (US$15.36)…

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MCC Verstraete wins four IMDA 2022 competition awards

BELGIUM – Global supplier of premium IML label solutions, MCC Verstraete has been recognized by the In-Mold Decorating Association (IMDA) with four awards in its 2022 competition. The company has won awards for the best in in-mold labeling (IML), in-mold decorating (IMD) and in-mold electronics (IME). Verstraete’s Patàpain Salad Box, which is reusable, freezable, microwaveable and dishwasher proof won the…

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