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AUSTRIA – Global specialty packaging pioneer CCL Label has developed what it claims to be the thinnest stretch sleeve on the market at a 30-micron thickness in a bid to cut carbon footprint. According to CCL Label, the sleeves are made of mono-PET that has a high degree of elasticity. This means that no adhesives and no heat is necessary…
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AUSTRIA –Plastics manufacturer and recycler ALPLA has recorded sales of US$5.5 billion (€5.1b) in FY2022, aiming for an annual growth of 4-5% in its latest expansion plan. ALPLA says the record turnover reflects the significantly higher energy, materials, staff, and transport costs. It exceeds the previous year’s figure by 27.5%. The firm continued its international growth trajectory in 2022, expanding…
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AUSTRIA – Austrian chemical company, Borealis has acquired a majority stake in Renasci, to increase its access to chemically recycled feedstock. Renasci is a provider of chemical recycling solutions and the creator of the Smart Chain Processing (SCP) concept. Borealis has now increased its stake50.01%, having acquired a 10% stake in July 2021, signaling its confidence in the potential of…
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AUSTRIA – Austrian chemical company, Borealis and VERBUND have signed a ten-year power purchase agreement (PPA) to supply a yearly 220 GWh of hydropower to Borealis operations in Schwechat, Austria, from January 2023. The power will be supplied from two of VERBUND’s Austrian hydropower plants in Aschach and Abwinden-Asten on the Danube River. The company is thought to generate around…
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AUSTRIA – Multinational packaging company, Greiner Packaging has appointed Beatrix Praeceptor as the new Chief Executive Officer, effective January 1. Beatrix succeeds Manfred Stanek, who will move to the Greiner AG Management Board on January 1, 2023 and will continue to hold a dual role until Praeceptor joins. Axel Kühner, CEO of Greiner AG said: “We are incredibly pleased that…
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AUSTRIA – French investment group, Wendel SE is considering a potential sale of Constantia Flexibles, an Austrian packaging firm. The deal could value the firm at about €2 billion ($2.1 billion), according to people familiar with the matter, reports Bloomberg. Wendel is in the initial stages of working with advisers to identify potential buyers for the business, the people said,…
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AUSTRIA – Austria-based producer of high-quality and sophisticated carton packaging has invested over US$13.89 million (€14 million) to expand and modernize its Wolfsberg site. The company says that due to the growth in the previous year, the need for physical expansion has become critical. Cardbox Packaging adds that the investments are being directed at new machines and modernization. With the…
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AUSTRIA – Austrian chemical company, Borealis has announced plans to build a first-of-its-kind commercial-scale advanced mechanical recycling plant to be located in Schwechat, Austria. Based on the company’s Borcycle M technology, the process is hoped to result in over 60 kilotonnes of advanced mechanical recycled polyolefin solutions and compounds per year. The company claims that the new plant was inspired…
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AUSTRIA – Austrian chemical company, Borealis has partnered with Vibac Group to design a new BOPP-based film for food packaging, reportedly designed for easy sorting in PP recycling streams. The ‘V-Fresh’ film is produced with a grade from Vibac’s Bornewables portfolio, which consists of circular polyolefins derived entirely from waste and residue streams. These grades claim to provide the same…
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AUSTRIA – Paper and packaging company, Mondi has developed a high-barrier, mono-material polypropylene (PP) packaging solution for Handl Tyrol bacon. Designed to resemble a wooden chopping board, the packaging features a polypropylene (PP) film that is recyclable in existing streams for mixed polyolefins. The wood-effect film is designed to offer safe vacuum packaging, on-shelf appeal and better protection to avoid…
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