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.
Walkers Chocolates introduces recyclable paper wrapper
UPM Specialty Papers has partnered with EvoPak to support Walkers Chocolates' transition from...
Aussie company to help reduce methane in EU cattle
Sea Forest is partnering with Orffa, a Netherlands-based company specialising in animal...
Solar and battery project for biscuit factory
The Arnott's Group has announced a large-scale solar and battery storage system at its...
