Plantic Technologies acquired by Japanese company
Bio-based barrier film business Plantic Technologies has been acquired by Japanese company Kuraray.
Kuraray was reportedly the first company to commercialise the high-performance barrier resin EVAL (ethylene vinyl alcohol copolymer) when it launched in 1972. EVAL provides the highest level of gas barrier properties of all plastics.
The company acquired Plantic as part of its plan to capitalise on the increasing global demand for bio-based food packaging materials. Kuraray says its global sales network will assist in developing the bio-based barrier business in Europe, the USA and Asia.
Kuraray says it expects to achieve revenue of ¥10 billion globally over the next three years, with the growing demand for extended shelf life in fresh food products expanding the bio-based barrier material business.
The Magnum Ice Cream Company partners with Seabin for wrapper clean-up
The Magnum Ice Cream Company partners with Seabin to monitor and reduce ice cream packaging waste...
Large-scale solar for Cargill's oilseed processing plant in NSW
The Australian oilseed processor has launched the 2.58 MW onsite solar array at its...
SA Wine Recovery Program extended until 2027
The federal and South Australian Governments have announced the extension of the SA Wine Recovery...
