Polyethylene producer British Polythene Industries has announced that it will be closing its facility in Widnes, UK and disposing of its Promopack Digital Studio business as part of a wider restructuring of the company, which could lead to up to 90 redundancies and a one off restructuring charge of more than £1 million ($1.52m).
Two of Tekni-Plex’s tri-seal co-extruded closure liners are set to be manufactured in India, in addition to North America and Europe. This is to give brand owners faster access to the liners, with performance requirements becoming increasingly demanding in the region.
Chemical manufacturer Sabic has announced an overhaul of its global operations, which includes the elimination of its Innovative Plastics strategic business unit, a wholly owned subsidiary founded in September 2007 with the acquisition of GE Plastics.
The chief executive of Eco Plastics Recycling has stated that the UK-based company will not follow the route of Euro Closed Loop Recycling, which earlier this week admitted that it was days from closure with losses of more than £300,000 ($460,000) a month.
The company formed from the rescue of UK-based bottle recycler Closed Loop Recycling two months ago is on the brink of closure, it has emerged, after the owners released an open letter to stakeholders detailing the business' continued losses.
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