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UK – British supermarket chain Tesco and packaging manufacturer Faerch Group have partnered to start a tray-to-tray initiative to recycle used plastic food trays back into the packaging and create a circular economy for its core chilled ready meals range. According to the retailer, its ready meal trays already contain up to 75% recycled content – largely sourced from bottle…
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USA – One Equity Partners-backed contract manufacturer Clayens Group has agreed to acquire plastics processor Parkway Products LLC, expanding its operations to North America. The middle-market private equity firm, which has been a financial backer of Clayens since last year, also announced the completion of a carve-out of the Crystal Lake, IL, injection molding plant and the transfer of in-house…
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ISRAEL – Melodea Ltd., an Israel-based supplier of sustainable coating products for consumer-packaged goods, has launched VBseal, its latest packaging solution to help reduce plastic waste. VBseal provides resistance to water vapor, oils and aromas, along with heat-sealing capabilities. The coating material is designed to replace single-use plastics in fresh food, fast food, cereal and confectionery packaging. VBseal joins Melodea’s…
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UK – Non-profit organization, Marine Stewardship Council has announced an ambitious plan to raise US$100 million to help safeguard the ocean and sustainable seafood supplies. The announcement marks a significant expansion of the MSC’s Ocean Stewardship Fund which aims to end overfishing. Since 2018, the MSC has committed to allocate 5% of the income it generates from licensing the use…
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USA – Indian pharmaceutical company Granules through its Granules Consumer Health (GCH) step-down subsidiary has opened a packaging facility in Virginia to expand the packaging capacity of essential drugs in the state. The facility is over 79,000 square feet and is equipped with packaging lines and clean rooms to package and ship prescription and over-the-counter products across the U.S. market.…
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CANADA – Plastics and chemical company Nova Chemicals has appointed chemical industry veteran Roger Kearns as its new president and CEO effective June 12. Kearns succeeds Danny Dweik, who has served as Nova’s interim president and CEO since October 2022. In his new role, Kearns will accelerate the implementation of the company’s vision to become North America’s leading sustainable polyethylene…
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