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With the Power of the Sun to the Mobility of the Future

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With the Power of the Sun to the Mobility of the Future

With the Power of the Sun to the Mobility of the Future

  • The Covestro Adelie was designed for the world’s toughest solar car race, the Bridgestone World Solar Challenge
  • Covestro supports project with innovative materials and as main sponsor
  • The overarching goal is the realization of the circular economy

In front of numerous guests and with great public attention, Team Sonnenwagen presented its new solar racing vehicle Covestro Adelie at the Eurogress Aachen, Germany. Over the course of one and a half years, the 50-member team of students from RWTH Aachen University and Aachen University of Applied Sciences created a new car model based on interdisciplinary research and extensive experience. This gives it a good chance of successfully participating in what is probably the world’s toughest solar car race – the Bridgestone World Solar Challenge from October 22-29, 2023 in Australia. Covestro shares the enthusiasm of the students and supports the team with innovative material solutions, technical exchange and as main sponsor.

“For me, the Sonnenwagen is a powerful symbol of future mobility, because it shows us that we need to ask crucial questions about materials science and design on the way there,” said Sucheta Govil, Chief Commercial Officer at Covestro, in her welcoming speech. “For me, the Sonnenwagen team are exemplary for creativity and entrepreneurial spirit. The students proved an impressive motivation and know-how to develop and optimize new ideas for solar-powered, light-weight electric vehicles.”

Multidisciplinary team

As many as nine disciplines of the Aachen-based team were involved in the design: the chassis, aerodynamics, structure, electrical engineering, driving strategy, production, sponsorship, marketing and logistics departments. “Close and efficient cooperation between these areas is very important, because we want to compete in the Challenger class at the race, where the main focus is on performance and maximum energy efficiency,” explains Lina Schwering, 1st Chairwoman of Team Sonnenwagen. “A lot of working time has gone into the Adelie, which we have invested alongside our studies and during our free time, and a lot of commitment and heart and soul.”

In total, more than 50 teams from 24 countries are setting out on the more than 3,000-kilometer route from Darwin to Adelaide – right across the Australian outback. There, people and models are exposed to very harsh climatic conditions with high temperatures and strong UV exposure from the sun during the race, but also during the preceding test drives. In addition, the vehicle is subjected to strong mechanical stresses that can affect the efficiency and performance of the battery.

Innovative materials

“The Sonnenwagen team therefore needed a lot of support in selecting the materials,” says Andreas Brandt, Head of Group Marketing and project sponsor at Covestro. “The new Sonnenwagen incorporates innovative products with different functionalities from various business segments, which are tested under track conditions.”

For example, the aerodynamic outer shell was made from milled SikaBlock polyurethane foam blocks from Sika, a long-standing partner of Covestro and another sponsor of Team Sonnenwagen. The Leverkusen-based company provided raw materials for this and advised the team on the implementation. The Sikaflex sealants for the solar cells are also based on components from Covestro. Other examples include a plastic sheet made of polycarbonate for the battery enclosure and thermoplastic cushioning materials for the driver’s seat trim.

“Pushing boundaries is what we at Covestro have in common with the young talents of Team Sonnenwagen,” says Sucheta Govil, summarizing her message. “We push the boundaries of innovation in materials, driven by our commitment to sustainable mobility of the future. With our products and solutions, we materialize the circular economy.”

www.covestro.com

 

 

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Xheme, Inc. Adds Leading Expert on Sustainable Polymers and Circular Carbon Management to Advisory Board

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Xheme, Inc. Adds Leading Expert on Sustainable Polymers and Circular Carbon Management to Advisory Board

Xheme, Inc. Adds Leading Expert on Sustainable Polymers and Circular Carbon Management to Advisory Board

Paul von Kirchbach, MBA, Senior Business Development Manager Innovation at Renolit Group (Nederland B.V.) joins Advisory Board

Xheme, Inc., a specialty materials company developing eco-friendly multifunctional additives for sustainable plastics, coatings, and films, today announced that Paul von Kirchbach, MBA, is joining Xheme’s Advisory Board. The newest member of the board, von Kirchbach is a business development and strategic partnership expert who currently serves as Senior Business Development Manager at Renolit Group.

“The expansion of our advisors with Paul marks a significant milestone for Xheme,” said Kumar Challa, Ph.D., President, CSO & Co-founder of Xheme. “Paul and Renolit were two of the earliest backers of Xheme’s vision and mission to transform the plastics and coatings industry, so I am delighted to have Paul working with us in a formal capacity as a member of our Advisory Board.”

After studying business administration at the Stralsund University of Applied Sciences, von Kirchbach obtained a diploma in management studies at the European College of Business and Management in London, and a master’s degree in business administration at LIMU in Liverpool. He has held various positions within the health care sector in sales and market development and is the founder of Serematec, a consulting organization that specializes in market development and market entry for plastic products within the health care sector.

“The team at Xheme has made significant progress in advancing their lead product, the Xheme Nano Additive (XNA), which can reduce oxidative stress across many different applications,” said von Kirchbach. “I have been deeply impressed by Xheme’s technology and the number of challenges it could address in the film and plastic industries. I am excited to support the Xheme team as they take the next steps toward delivering a novel portfolio of multifunctional additives to the market.”

Members of the Advisory Board:

• Alexander D. Wissner-Gross, Ph.D. (Chair)
• Mark Amster, M.D., MBA
• Pamela Dudley Burton, Co-founder
• Brian Levine, MBA
• Ana Mercurio-Pinto, M.M.
• Mikhail Rodkin, Ph.D.
• Paul von Kirchbach, MBA

 

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Wire Mexico: New Satellite Exhibition in the Industrial Sector of the Global Wire and Cable Industry

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Wire Mexico: New Satellite Exhibition in the Industrial Sector of the Global Wire and Cable Industry

Wire Mexico: New Satellite Exhibition in the Industrial Sector of the Global Wire and Cable Industry

Mexico is becoming increasingly important and is a key growth market for the wire and cable industry. Demand for these products is increasing, particularly strong from the Mexican automotive, electronics and energy industries. Where investment, planning and new construction is taking place, key technologies such as cables and wires are needed. This demand forms the decisive reason for Messe Düsseldorf to enter the Mexican market in 2024, initially as a special pavilion of wire Mexico as part of the established Mexican trade fair Expo Manufactura.

This will be held from January 30 to February 01, 2024, at the CINTERMEX Centro Internacional de Negocios, Monterrey. The city is in the northeast of Mexico and is the capital of the Mexican state of Nuevo León.

The International Trade Fair for Manufacturing Technology, Automation and Robotics – Expo Manufactura – has been held annually in Mexico since 1996. It is organized by the international organizer Tarsus Mexico. It is Mexico’s leading trade show for multiple manufacturing industries.

The last Expo Manufactura in February 2023 attracted 330 exhibitors, who presented more than 600 brands over three days of the fair. More than 15,500 visitors from 26 countries traveled to Mexico, primarily machinery manufacturers, suppliers, metal fabricators and experts from the electrical and automotive industries.

With a population of over 130 million citizens, large oil and gas reserves, and rich mineral resources such as gold, silver, lead, zinc and copper, Mexico is an interesting environment for European and German investors in particular, and is regarded as the extended workbench of the USA.

Economic policy agreements such as the EU-Mexico Agreement have also facilitated trade with Mexico for several years. This enables duty-free trade in goods between the EU and Mexico.

“Mexico is a growing international location that holds enormous growth potential, especially for the wire and cable industries,” says a delighted Daniel Ryfisch, Director of Messe Düsseldorf’s largest portfolio, wire, Tube & Flow Technologies.

Paul St. Amour, VP of Latin America for Tarsus Group says that “ we are delighted to add another industry sector to Expo Manufactura so that it will continue to be the most important manufacturing trade show in Northern Mexico. The wire pavilion with Messe Dusseldorf´s vast experience are a perfect for Expo Manufactura.”

www.wire-tradefair.com

 

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SOMANY Ceramics Inaugurates its GRANDE Store in Jamshedpur

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SOMANY Ceramics Inaugurates its GRANDE Store in Jamshedpur

SOMANY Ceramics Inaugurates its GRANDE Store in Jamshedpur

SOMANY Ceramics Ltd. one of the leading players in the ceramic industry is strengthening its presence by opening new display centers & expanding showroom networks to enhance the customer experience and reach out to a larger audience.

Somany Ceramics Limited, an internationally acclaimed organization, specializing in ceramics and allied products segments, is known to be a leader in design and innovation has opened its Somany Grande showroom in Jamshedpur-  Udaipur Marbles.

Spread over plush 3000 Sq. Ft., this store will add vigor to the momentum by strengthening the market presence of SOMANY in Jharkhand. With this outlet, the customers of Jamshedpur will get an opportunity to experience the extensive range of wall and floor tiles across categories. The store will also offer a wide range of sanitary ware and Bath Fittings from the house of SOMANY.

On this occasion, Mr. Sujith Kumar Mohanty, VP Sales – Somany Ceramics Limited said, “The new Flagship store offers ample product variety to the consumers and is an one-stop solution for all tiles needs with an extensive selection of trendy products. The store will help the customers to enhance and upgrade the overall look of the existing flooring and create a soothing environment at their homes and commercial spaces”.

www.perceptindia.in

 

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ULTRA-LIGHT & SUSTAINABLE GRP COVER SHEETS

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ULTRA-LIGHT & SUSTAINABLE GRP COVER SHEETS

ULTRA-LIGHT & SUSTAINABLE GRP COVER SHEETS

The fuel costs are rising. The pollutants harm the environment. Our resources are running out. The economic growth is increasing continuously. Is there a solution to this dichotomy? Is it possible to reduce the weight of a vehicle and thus reduce consumption? Can the environment be protected through lower CO2 emissions and the use of recycled waste? OPTIPLAN has found an answer to these new market demands that can revolutionize the commercial vehicle and recreational vehicle sector: r-PET! The r-PET product line represents the new generation of sustainable GRP products. In cooperation with business partners, OPTIPLAN has developed a GRP product based on a PET recycled resin, which is in no way inferior to the technical properties of conventional GRP materials. The resin consists largely of recycled polyester obtained from post-consumer PET waste. For every vehicle produced, dozens of PET bottles can be “upcycled” for a second life as sidewalls, roof or floors (sandwich panels) in commercial vehicles and recreational vehicles.

This innovative material makes everything easier. It can be used in 3.5-ton trucks up to heavy trucks/semitrailers, all inner-city delivery vehicles, recreational vehicles & caravans, electric vehicles and even cargo bikes. The calculation is quite simple: Manufacturers who aim to protect the environment strive for a lower vehicle weight and at the same time a higher payload. As a result, fuel consumption and pollutant emissions (CO2) are reduced. The high-tech composite enables key objectives of modern, energy-efficient logistics to be achieved. OPTIPLAN has been inspired by these new challenges and has developed POLYDET® r-PET, an extremely lightweight, stable, durable and at the same time aesthetic material. The surface is coated with a gelcoat that protects against UV radiation. In addition, end customers can implement all colour requests that correspond to their specific corporate design and appearance in RAL, NCS and individual colour shades.

The great advantage: Since the coloration is already applied during the production process and is directly incorporated into the material, subsequent painting is unnecessary. Moreover, the paint is permanently resistant: It cannot be chipped by impact or corrosion. What is the advantage of GRP over aluminium? OPTIPLAN Sales Manager Timo Hoffmann: “GRP is known to be frequently used as a lighter alternative to aluminium. It has low thermal conductivity, as well as higher hail and corrosion resistance. With our HighGloss surface finish, we also enable a near-aluminium appearance. POLYDET® r-PET is not only lighter, but also easier to process.”

R-PET PowerStar and R-PET HighGloss

PowerStar is characterized by its robustness, wear resistance and lightness
PowerStar is extremely robust – heavy mechanical loading is no problem for this material. The laminated special fabric increases the glass content, which gives high impact resistance and increases durability. Due to the additional fabric stability, PowerStar also allows the lowest thicknesses starting from 0.7 mm, which makes it possible to produce ultra-light and resource-saving cover layers.

HighGloss shines with a glossy and visually attractive appearance
HighGloss is produced in a discontinuous cold curing process, which makes the surface quality of the gelcoat extremely weather, UV and colour resistant. Long life of the superstructure without yellowing and easy maintenance of the material (cleaning, polishing, touching up) are thus guaranteed.

OPTIPLAN launches the “Revolution of Lightweight Design” with these two materials. The versatility of these high-performance GRP cover layers means they can be used in almost any application: Commercial vehicles, recreational vehicles, boats, construction industry (interior fittings / facades),container and system construction.
www.optiplan.eu

About OPTIPLAN
OPTIPLAN GmbH, based in Oelsnitz, Germany, is one of the world’s leading developers and manufacturers of fibre-reinforced plastic sheets. The areas of application for the high-tech materials are in commercial and recreational vehicle, as well as the construction sector and other industrial segments. 95 percent of the goods produced exclusively at the headquarters in Oelsnitz are exported to over 30 countries. With 130 employees, the medium-sized company generated annual sales of €50 million.

For over 65 years, OPTIPLAN has stood for quality, service, reliability and innovation. The company is part of the senata group, which operates as an owner-managed and fully self-financed holding company (2,200 employees, over 600 million in annual sales).

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Karsan e-ATA 12-Meter Electric Bus on its way to Romania!

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Karsan e-ATA 12-Meter Electric Bus on its way to Romania!

Karsan e-ATA 12-Meter Electric Bus on its way to Romania!

Karsan’s Electric Vehicle Park in Romania to reach 240 by the end of the year!

Chitila to Carry Out Its Transformation in Public Transportation with Karsan’s Electric Vehicles!

Karsan, which plays a leading role in the transformation of Europe’s transportation infrastructure with its electric and autonomous vehicles, continues to grow in its main target markets. In this context, Karsan, which have secured the 23-electric vehicle tender in Chitila, Romania, will also export e-ATA’s 12-meter version for the first time, following the 8-meter e-ATAK. Stating that they are aiming to deliver the vehicles at the end of this year, Karsan CEO Okan Baş said: “Within the scope of the tender, we will also install a total of 28 fast and slow charging stations in Chitila as well as supplying our electric buses. Thus, we will carry out the electrical transformation of the public transportation system in Chitila. Thanks to our pioneering role in electric mobility, we, as Karsan, are pleased to supply the first electric vehicles of Chitila, too.”

Moving rapidly to become a global brand in the public transportation sector, Karsan continues to be the choice of Europe with the products and technologies it has developed. Karsan, which maintains the growth particularly in its target markets, has added another one to the tenders it won. Karsan has secured the 23-electric vehicle tender made in Chitila, Romania, and signed another contract.

A first for the 12-meter e-ATA!

Karsan will produce 10 units of e-ATAK buses (8 meters) and 13 units of e-ATA buses (12 meters) under the terms of the tender and make them available to the people of Chitila. Expressing that they are aiming to deliver the vehicles at the end of this year, Karsan CEO Okan Baş stated: “Within the scope of the tender, as well as providing our electric buses, we will also install a total of 28 fast and slow charging stations in Chitila. Thus, we will carry out the electrical transformation of the public transportation system in Chitila. Through our pioneering role in electric mobility, we, as Karsan, are happy to supply the first electric vehicles of Chitila as well.” Okan Baş sharing that they signed a contract for the 12-meter e-ATA for the first time with this tender, said: “e-ATA and e-ATAK are our models that have proven their success in Europe. Last year, 12-meter Karsan e-ATAK model won ‘Sustainable Bus of the Year’ award in the urban transportation category at the Sustainable Bus Awards. e-ATAK, on the other hand, has been the market leader in Europe for two consecutive years. With this tender, we are happy to offer service with the 12-meter size of our 10 and 18-meter e-ATA models, which are already running on the roads in Romania.”

Karsan electric park in Romania will reach 240 vehicles!

Emphasizing that Romania is one of the main markets of Karsan, Okan Baş continued: “With Anadolu Automobil Rom, our distributor, Karsan brand is growing stronger in the Romanian market. As of today, 175 Karsan electric vehicles are in service in Romania. With the recent tender in Chitila we have secured, and the current orders we will deliver, our car park in the country is to reach 240 units at the end of the year. We will also install charging stations within the scope of the tender. In this way, we will also carry out the electrical transformation of the public transportation system in Chitila. As Karsan, we will also accelerate our development process in the markets we have just entered while strengthening our presence in our target markets.”

www.canyas.com

 

 

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Lightweighting: Just Do It, With SACMI

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Lightweighting: Just Do It, With SACMI

Lightweighting: Just Do It, With SACMI

The company is revving up for ProPak Asia, Southeast Asia’s biggest beverage and food packaging fair. On show: ready-to-market solutions that reduce the weight of the neck-cap system and, in the aluminum caps sector, everything needed for a successful PVC-free transition

The global beverage and food packaging industry is facing a huge challenge: it needs to save energy and raw materials while giving consumers the best possible product experience. That’s why SACMI will be illustrating its main technological solutions at ProPak Asia 2023, the hugely important Southeast Asia fair to be held at BITEC, Bangkok, from 14 to 17 June 2023.

Your lightweighting solution

Thanks to unrivalled proficiency in all cap- and preform-making technologies, SACMI is successfully developing lightened necks and caps and establishing new standards that are more sustainable, both economically and environmentally.

The work begins in the Laboratory, spanning from complete characterization of the materials and extending all the way to product development, in close collaboration with the major international brand owners.

An example: the GME 30.40 neck standard for CSD caps lets manufacturers reduce plastic consumption (PET and HDPE) by at least a third compared to today’s commonplace PCO 1881. For the customer, that means an immediate, tangible advantage.

The same solution can also be extended to water caps, yielding logistical savings. Alternatively, by staying with the traditional 29/25 mm and taking advantage of SACMI-developed lightened necks, producers can cut material consumption by about 20% (from 2.4 to 2 grams).

SACMI also has tools that let manufacturers complete the transition to the 26/22 mm standard, a global trend that is, once again, driven by the need to minimize environmental impact by saving raw materials.

From the product to the technologies: SACMI CCM and IPS

With regard to bottled water – fundamental in Thailand and neighboring countries where many people have no access to drinking water – and CSDs, the transition announced by SACMI rests on our rock-solid market positioning (over 70% of the installed one-piece cap production lines).

With CCM and the IPS preform machine range, SACMI provides a complete package to accompany manufacturers through this transition. Different parts of the world are proceeding, of course, at different paces, but they all have the same goals: to safeguard the environment and ramp up their competitiveness.

Other suppliers might be able to match us in specific areas, but with SACMI customers can rely on a sole partner: a clear advantage as it allows them to provide markets with products that comply with the highest standards proposed by the international brand owners.

IoT: enabling technologies that let you produce more and produce better

The SACMI-developed Smart Pack was recently integrated on latest-generation CCM compression machines. By using sophisticated in-machine sensors that automatically control the process without any need for worker intervention, Smart Pack warns the operator when something is wrong, thus preventing waste and errors.

That same reactive control logic also sees vision systems – proprietary SACMI solutions for every stage of the process – taking on an increasingly central role. Here, visitors to the fair can check out exceptional new solutions such as the PVS156, the first vision system integrated on the press (IPS 300) to perform intensive inspection of preforms.

From the world of ‘metal’

On the alu cap lining machine front, SACMI is driving the transition to PVC-free liners. From roll-on pilfer-proof caps – for which SACMI provides a complete line – to lugged caps, SACMI liner application technology ensures exceptional strength and sealing properties.

With SACMI PMA, PVC-free liner forming requires no oily substances or plasticizers, thus eliminating the risk of product contamination; on the complete aluminum screw cap line, output rates can reach 2,500 pieces per minute.

All solutions can be equipped with dedicated inspection systems (MVS range) produced by SACMI Vision Systems.

Assistance

With over 200 cap presses and dozens of IPS preform presses installed in the area, SACMI is perfectly placed to take the market to the next level, also by drawing on its in-depth understanding of the different manufacturing contexts (Thailand, Vietnam, Cambodia and Indonesia.

This lets us diversify the approach according to the specific needs of each country and the individual customers within them: all while continuing to deliver excellent technical assistance and spare parts services through SACMI Thailand.

www.sacmi.com

 

 

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Silbo Upgrades All Its Pallet Wrapping to Paper With Mondi

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Silbo Upgrades All Its Pallet Wrapping to Paper With Mondi

Silbo Upgrades All Its Pallet Wrapping to Paper With Mondi

  • Silbo is replacing plastic stretch film on all its pallets with Mondi’s Advantage StretchWrap kraft paper, using a new fully automated wrapping machine
  • 100% paper pallet wrap is fully recyclable, more efficient and provides higher pallet stability than industry standard plastic film
  • Close collaboration between packaging companies results in progress in the development of sustainable packaging with a wide range of customer benefits

Mondi, a global leader in sustainable packaging and paper, has collaborated with Silbo to upgrade its pallet wrapping from plastic stretch film to Mondi’s kraft paper Advantage StretchWrap. Silbo has installed the first EW Technology PaperWrap machine at its plant in Żory, Poland and provides more sustainable flexible packaging for its broad range of customers, including those supplying fruits and vegetables.

Mondi’s Advantage StretchWrap is made with responsibly sourced fibres and does not contain plastic or coating. Made from wood as a renewable resource, it is fully recyclable in existing paper waste streams, supporting the transition to a circular economy. Mondi commissioned an independent Life Cycle Assessment (LCA) which showed that Advantage StretchWrap performs better than standard plastic stretch film in several important environmental impact categories. The paper has exceptional puncture-resistance combined with high stretch properties providing robust protection for a wide range of goods during transportation.

The switch from plastic film to paper has been possible thanks to a close working relationship between Mondi, Silbo and EW Technology. A complete reel of Advantage StretchWrap can be applied to the fully automated machine without any need to re-wind. The larger dimensions of the Advantage StretchWrap reel mean that a replacement is only needed every 400-600 pallets compared to every 40-80 pallets for plastic wrapping saving time and money.

Marcin Śpiewok, CEO at Silbo, says: “We are passionate about supporting global producers in the transition from plastic packaging to more sustainable alternatives and are well-known for our innovative technology and global distribution network. This development not only supports our reputation for sustainability but will also benefit all our customers and their end-users, making quite an impact. We are truly excited to be one of the first companies to introduce Advantage StretchWrap into our supply chain and have thoroughly enjoyed the whole process with Mondi and EW Technology.”

Bartosz Babicz, Product Manager for Advantage StretchWrap at Mondi adds: “This is a huge move for the whole packaging industry and illustrates our MAP2030 commitments – using paper as a renewable and recyclable material to keep materials in circulation and reduce waste. We have worked as a team to empower Silbo in its own goals to be more sustainable. Advantage StretchWrap offers an efficient alternative to plastic film and the products still get the same protection, with a very important benefit: the installation offers a sustainable solution for all of Silbo’s customers, improving the sustainability journey of all their pallets on a global scale.”

www.mondigroup.com

 

 

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Avery Dennison Announces Second Cohort of Startups in Its AD Stretch Accelerator Program

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Avery Dennison Announces Second Cohort of Startups in Its AD Stretch Accelerator Program

Avery Dennison Announces Second Cohort of Startups in Its AD Stretch Accelerator Program

The company selected five startups to tackle packaging industry challenges in North America and EMENA.

Avery Dennison Corporation (NYSE:AVY) has selected five startups for Cohort 02 of the AD Stretch Accelerator Program. AD Stretch tackles crucial challenges in the labels and packaging industry, including connected packaging, materials innovation and sustainability. The program, run in partnership with accelerator builder-operator Highline Beta, received over 300 applications from startups worldwide.

Following the success of the inaugural cohort, AD Stretch Cohort 02 will deliver a unique pilot-based accelerator program that encourages collaboration, planning, execution, and analysis with a select group of startups over a condensed six-month period, running pilots in North America and EMENA.

“The five startups will bring unique approaches and solutions to our challenges and fresh perspectives to our industry,” said Jeroen Diderich, senior vice president and general manager Avery Dennison Materials Group North America. “Together, we will drive innovation and sustainability globally.”

Avery Dennison chose these startups for their potential to evolve the label and packaging industry. Other criteria included their experience in bringing products to market, generating sales and ability to partner with a Fortune 500 industry-leader.

The startups are:

BeFC: the startup’s paper biofuel cells use enzymes to convert glucose and oxygen into electricity – a sustainable alternative to traditional miniature batteries. The expertise of Avery Dennison combined with BeFC’s printable and flexible bio-batteries will empower the next generation of logistics, medical devices, health wearables and environmental devices.

Moree: Moree makes it easy for food companies to switch to reusable packaging with their innovative Reusable Packaging as a Service. They offer reusable pouches, easy returns and digital rewards for customers, all while tracking inventory, orders and environmental savings through their SaaS platform. Together with Avery Dennison, Moree will help brands take a big step towards zero waste, while encouraging more sustainable lifestyles.

Peafowl Plasmonics: the startup’s light harvesting cell can invisibly power any conductive surface, including transparent ones, revolutionizing electronic devices. With their expertise in plasmonics, nanomaterials and solar capture, Peafowl Plasmonics will join Avery Dennison on a journey towards sustainable energy.

Puro Renewables: Avery Dennison and Puro Renewables will collaborate on a mission to eliminate the long-term impact of plastic waste. Puro Renewables transforms plastic product manufacturing by utilizing carbon-negative, bio-renewable biowaste materials. They help major manufacturers and brands create desirable products while reducing reliance on fossil fuels, decreasing their carbon footprint.

Stemly: Stemly automates forecasting and optimizes supply chain, finance and sustainability decisions. Together with Avery Dennison, and with an AI-powered platform and diverse dataset management, Stemly delivers fast implementation and accurate forecasts, enabling executives to make better and more interconnected decisions across the company.

“Avery Dennison aims to foster a startup mentality of agility and innovation throughout the organization by collaborating with startups, accelerators and investors,” said Steve Flannery, senior vice president and general manager Avery Dennison Materials Group EMENA. This strategy will create win-win outcomes for everyone involved. “Our partnering will positively impact our industry and the world.”

www.averydennison.com

 

 

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Constantia Flexibles and SB Packagings Close the Transaction and Kick Off the Joint Venture

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Constantia Flexibles and SB Packagings Close the Transaction and Kick Off the Joint Venture

Constantia Flexibles and SB Packagings Close the Transaction and Kick Off the Joint Venture

Constantia Flexibles, Premji Invest, and Amit Banga, Managing Director of SB Packagings, have finalized the joint venture to create one of the largest sustainable packaging platforms in India and South Asia, following the regulatory approval from the Competition Commission of India.

The joint venture (SB-Constantia Flexibles), between two flexible packaging industry leaders and Premji Invest as shareholders, will leverage each company’s unique strengths and resources to achieve further success in the Indian market.

Pim Vervaat, Global CEO of Constantia Flexibles, expresses, “I have full confidence in the partnership’s ability to be an effective solution provider to its customers in India through innovation and excellence. We will drive growth and profitability for all stakeholders.” Amit Banga, Managing Director of SB Packagings, adds, “The joint venture positions us as a clear leader to drive the sustainable packaging agenda in India and beyond with a unique product offering.”

Mr. O.P. Banga, the founder of SB Packagings conveyed his best wishes for the JV.

Headquarters Constantia Flexibles in Vienna, Austria

 

Strong synergy potential with a focus on sustainability

SB-Constantia Flexibles will operate in the food and hygiene markets, offering medium to high-barrier packaging solutions. It will have close to 2,700 employees across nine plants spread across the country. Deepak Ganjoo, ex-president of AMESA region, Essel Propack Limited has been appointed as the CEO of the joint venture and will spearhead the business. Deepak and the management team will be focused on delivering sustainable and innovative solutions to customers in India and South Asia under the guidance and mentorship of the Board of Directors. Pim Vervaat, Amit Banga and Rajesh Ramaiah from Premji Invest, the key shareholder representatives on the board shall be focused on driving the strategic imperatives and inorganic growth of the JV.

Pim Vervaat, CEO of Constantia Flexibles

 

The JV will pursue both organic and inorganic growth opportunities in higher value-added market segments, continuing its strong growth trajectory in the hygiene, food, and HPC segment even as it further develops the sustainable mono-material EcoLam product range. It will bring together the mono-material capabilities of both Constantia Flexibles India and SB Packagings and offer medium to high-barrier packaging solutions to food and hygiene markets.

KPMG in India acted as exclusive financial advisor to Constantia Flexibles for the transaction.

www.cflex.com

 

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