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Day: May 3, 2023

Visy strengthens portfolio with acquisition of Zenexus for undisclosed sum

AUSTRALIA – Melbourne-based paper, packaging and recycling company, Visy has announced the acquisition of privately owned supplier and distributor Zenexus for an undisclosed fee. Zenexus supplies and distributes moving and storage boxes, major brand hardware and retail products, counting household names such as Wrap & Move, RackIt and FlexiStorage among its product offerings. The amount paid for Zenexus was not…

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INEOS, Hosakawa Alpine develop recyclable flexible film with over 50% recycled plastic waste

UK – British chemicals company INEOS has launched its ultra-thin, rigid film for recyclable flexible packaging products, made from more than 50% recycled plastic. According to a news release from Ineos, the company partnered with Germany-based Hosakawa Alpine to use its machine-direction orientation (MDO) technology to process what it calls Recycl-IN resins, which contain 50 percent recycled plastic to make…

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DuPont strengthens its existing offerings in medical packaging with acquisition of Spectrum Plastics Group

USA – Chemical manufacturer, DuPont has entered into a definitive agreement to acquire Spectrum Plastics Group from global private equity firm AEA Investors for US$1.75 billion. Spectrum is a provider of advanced manufacturing services to the medical device sector, serving 22 of the top 26 medical technology OEMs, according to the news release. The company’s strategic focus is on key…

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Versalis expands bioplastics footprint with acquisition of renewable chemicals leader Novamont

ITALY – Versalis, Eni’s chemical company and shareholder of Novamont has signed an agreement to acquire the remaining 64% of Novamont’s shares held by Mater-Bi. Novamont is a leading international company in the field of chemistry from renewable sources, particularly in biodegradable and compostable bioplastics. The timing of the closing and the next steps are subject to approval by competent…

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Kroger’s plastic packaging recycling program hits new milestone

USA – American retail chain Kroger has claimed that its recycling program has achieved its milestone of recycling more than one million pieces of its Our Brands flexible plastic product packaging. Kroger achieved the milestone in the third year of the recycling program, which was launched in collaboration with waste management firm TerraCycle in August 2020. The packaging recycling program…

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Huhtamaki partners WasteAid for waste collection education initiative in South Africa

SOUTH AFRICA – Sustainable packaging company Huhtamaki has partnered with the international charity WasteAid for a two-year program that provides training and support to South African waste collectors. Dubbed “Wastepreneurs,” the initiative aims to develop South African waste collectors’ skills and capacity, move up the value chain and earn more money. The Waste Entrepreneurial Challenge Fund commenced in the township…

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AMP Robotics introduces new AI-powered system for recycling infrastructure

USA – AMP Robotics has released a complete line of artificial intelligence- (AI-) powered automation solutions for material recovery facilities (MRFs) and a stand-alone, integrated facility solution to expand recycling infrastructure. Amp Robotics offers its Amp Cortex-C as a compact version of its AI-guided robotics system, adapting to space constraints and bringing the company’s AI expertise and robotic technology to…

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