ALPLA records US$5.5B turnover in FY2022, targets 4-5% annual growth in its latest expansion plans

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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Borealis acquires majority stake in Renasci boosting its chemical recycling

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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Borealis inks power purchase deal with VERBUND to supply Austrian operations with hydropower

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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Wendel considers selling Austria’s packaging firm, Constantia Flexibles

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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Cardbox Packaging invests US$13.89M to expand Wolfsberg site in Austria

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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Borealis to build advanced mechanical recycling plant in Austria

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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Borealis partners Vibac to develop BOPP-based food packaging film

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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Mondi develops mono-material PP packaging for Handl Tyrol bacon

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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