As the first half of 2018 continues to see high levels of M&A in the packaging industry, the sale of standalone assets is becoming a core strategy within the flexible packaging sector. After a record year for deals in 2017, this year has seen 183 transactions completed in the first...
France’s secretary of state for ecological transition has called for the transformation of the economy as part of a pledge to use only recycled plastics by 2025. Speaking to the French newspaper Journal du Dimanche, Brune Poirson said that France will increase the cost of products packaged in non-recycled plastics,...
The US has slapped 25 per cent tariffs on $16 billion-worth of Chinese goods, including chemicals, but they are expected to have negligible impact on the plastics industry, says market analyst firm Wood Mackenzie. Says principal analyst Ashish Chitalia, the US only imports 1.5 per cent of polymers, such as...
Thailand’s Indorama Ventures (IVL) is targeting increasing demand for food grade recycled PET (rPET) with its acquisition of a plastics recycling facility in France operated by Sorepla Industrie. Founded in 1991, Sorepla Industrie is one of the largest recyclers in Europe and the facility acquired by IVL consists of three...
Polymer producer MOL Group aims to become a regional leader in recycling after it signed a strategic cooperation agreement with German recycler APK AG, which includes supporting the latter in the completion of its Merseburg plant. APK’s new plant will serve as a pilot for the solvent-based process Newcycling, which...