Circular economy for plastic: TC Transcontinental’s Recycling Group Acquires Assets of Enviroplast Inc.

TC Transcontinental (TSX: TCL.A TCL.B) announces the acquisition of the assets of Enviroplast Inc., a company dedicated to recycling flexible plastics in the province of Québec. The equipment acquired will be used for converting plastic waste recovered from sorting facilities and other commercial, industrial and agricultural sources into recycled plastic granules.

“The circular economy is the way of the future,” said Sylvain Levert, Senior Vice President, Recycling Group, TC Transcontinental Packaging. This equipment acquisition is part of our goal to vertically integrate the recycling of plastics in our packaging production chain in Canada, the United States and Latin America, ultimately ensuring stable procurement of recycled resin. We are proud of this first step and are counting on the collaboration of public and private stakeholders to meet the plastic recycling challenge, and to promote the creation in Québec of a centre of expertise in the circular economy of plastics.”

The Corporation’s goal, which is also the goal of many of its customers, is to differentiate itself by offering eco-responsible packaging products that contain recycled plastic, to accelerate their development and to create a true circular economy of plastic that is beneficial from an environmental, economic and social standpoint. Flexible plastic packaging ensures optimal product protection, facilitates transportation and helps extend product shelf life. In addition, the Recycling Group contributes to TC Transcontinental’s objectives as a signatory of the Ellen MacArthur Foundation’s New Plastics Economy Global Commitment, including increasing the post-consumer recycled content across its entire portfolio of flexible plastic packaging products.
https://tctranscontinental.com/company-overview/news-room/press-releases/circular-economy-plastic-tc-transcontinentals-recycling

Related Posts

International Paper Reports Third Quarter 2022 Results

Third Quarter 2022 Highlights *Third quarter net earnings (loss) attributable to International Paper of $951 million ($2.64 per diluted share) compared with $511 million ($1.38 per diluted share) in the second quarter of 2022 and $864 million ($2.20 per diluted share) in the third quarter of 2021. Third quarter 2022 net earnings include a net after-tax benefit of $563 million ($1.56 per diluted share) related to the settlement of the previously announced timber monetization restructuring tax matter. Third quarter 2021 net earnings include a net after-tax gain of $350 million ($0.89 per diluted share) on the sale of our Kwidzyn, Poland mill. *10% year-over-year revenue growth based on strong price realization *$70 million of earnings achieved from Building a Better IP initiatives, bringing year-to-date to $175 million *Cash provided by operations of $435 million, bringing year-to-date to $1.4 billion *Returned $434 million to shareholders through share repurchases of $269 million and dividends of $165 million, bringing year-to-date to $1.6 billion

Smurfit Kappa develops its first paper-based child-lock box for laundry pods

Smurfit Kappa has developed an innovative new packaging solution for detergent together with McBride, the leading European manufacturer of private label products for the cleaning and hygiene market. The Click-to-Lock Pods Box is a 100% paper-based solution which provides a sustainable and safe alternative to the traditional plastic box for laundry pods. The new packaging solution reduces CO2 emissions by 32% during production and is 100% recyclable and biodegradable. It is the latest example of how Smurfit Kappa utilises its circular business model to identify the best packaging solution for each situation alongside reducing the environmental impact. The Click-to-Lock Pods Box is tamper-proof thanks to an effective, certified child-lock system in line with the International Association of Soaps, Detergents and Maintenance Products, following successful protocol testing. It is also moisture resistant, due to a varnish inside the packaging that provides a barrier against any type of moisture from accessing the contents.

Excellent Prospects for Eco-Friendly Packaging

Over the past few years, recycled paper made from 100% secondary fibers has turned the Koehler Paper Group into the premium provider of creative board. A firm favorite of the crafting and office segments, this product has recently established itself in the packaging industry and has even gained traction in the high-end segment. While Koehler Paper Group's plant in Thuringia impresses with its "Blue Angel" eco-label, the brilliant colors of its paper products are the real highlight. The newest addition to the range is called "EcoBlack". Udo Hollbach, managing director of Koehler Greiz GmbH & Co. KG has this to say about the new product: "EcoBlack is an extraordinarily high-quality paper that captivates with a deep, rich black and was specially developed for high-quality packaging. It is the next logical step for our range of vibrantly colored recycled paper. With this product, we are catering to our customers' wish that a product avoids doing harm to human health or the environment, without having to sacrifice its aesthetics. EcoBlack is lightfast, resistant to bleeding, color migration and wear." For the product developers at Koehler, it goes without saying that all its paper is ideally suited to further processing. Since EcoBlack is produced completely carbon-free, it lends itself particularly well to embellishment through foil stamping.
Back To Top
×Close search
Search