Sealed Air Reports Q3 2024 Results

Highcon announced a $8M investment by Sealed Air Corporation in the context of a strategic collaboration between the two companies. The scope of the strategic collaboration includes the following components: *Developing new product offerings, expansion into new segments and enabling manufacturing efficiencies by leveraging Highcon technology *$8M investment in the form of convertible debt and 15% warrants to be converted by the 5th anniversary of the Effective Date at a price of 3.1 NIS per share. *Additional warrants to be granted against possible future purchases up to $20 million of Highcon's products and services over a period of 3 years.

In this blog post, we look at how working with your packaging provider early in the product development process can help combat food waste. If food waste were represented as a standalone country, it would be the third-largest emitter of greenhouse gases globally after China and the U.S.1This statistic may not be well-known, but it is one we are keenly aware of at Crown. That is why we have partnered with Dr. Lilly DaGama, a food waste consultant and founder of The Food Waste Doctor, to drill down into the food waste issue and discover where metal packaging can make an impact. The value of involving packaging manufacturers early in the process – even as early as the concept phase–as opposed to the point when a product is already developed can not be underestimated. Far more can be done to ensure the package itself can make a difference in terms of food waste if this is the case, as features can be incorporated before a concept goes into production.

Mondi has entered the bike packaging market with its Protector Bags, providing a new sustainable solution for Diamant to replace plastic wrapping used around the handlebars of its Trek and Diamant brands. Germany’s oldest bike manufacturer will now use Mondi’s recyclable Protector Bags that are made from renewable materials. The change means that Diamant will reduce its plastic use by 16 tonnes every year – around 85% of its previous consumption – as well as saving costs in logistics and transportation. The pre-made paper bags do not require additional wrapping or taping, as they are ready to use with a tailored closure strip developed specifically for the bicycle industry. Created from two plies of paper, Mondi’s Protector Bags are strong and flexible, making them highly puncture-proof – and they protect the bikes during storage and transport with a softer interior glaze that is friction-resistant. Due to the air permeability of paper, the bags are also breathable. Additionally, handlebar grips made of rubber can emit moisture or gas that can evaporate easily with this new packaging.