SEE Reports Q3 2023 Results

Cascades Inc. announced a $21-million investment in its Cascades Inopak (Drummondville) and Plastiques Cascades (Kingsey Falls) plants in order to acquire equipment enabling it to increase its production of food packaging, primarily for the fresh protein market. The Cascades Inopak plant in Drummondville will benefit from a $15-million investment. This will be used to expand the existing building and to install a high-performance rPET film manufacturing line that is unique in Canada and which includes a built-in, cutting-edge decontamination unit. This will make it possible to significantly increase the production capacity of Integral TM packaging, which is made from recycled PET, is recyclable and allows food in certain markets—such as fresh protein—to be kept for double the amount of time, thus radically reducing food waste. Nearly $6M will be invested in the Kingsey Falls Plastiques Cascades plant to modernize equipment, notably by adding a new extrusion line and two recycling lines, which will increase the production capacity by 25% and double the plant's internal recycling capacity. The Kingsey Falls plant produces EVOK ® , the first polystyrene foam tray in North America to contain at least 25% recycled materials. These investments will facilitate an eventual increase in this percentage and, by extension, further reduce the CO 2 emissions of products marketed by our customers. Click Read More below for additional information.

The Mayr-Melnhof Group (MM) has joined the global initiative “Business Ambition for 1.5 ° C” in order to use suitable measures to help limit global warming to 1.5 degrees. As part of this platform, which was launched by the UN Global Compact and the Science Based Targets Initiative (SBTi), MM is committed to setting science-based climate targets. These provide for net zero emissions in the entire value chain by 2050 at the latest. MM is thus increasing the pace of its engagement against climate change at the time of important global milestones such as the UN climate conference COP26. Peter Oswald, CEO of the MM Group: “MM is a sustainability company that is at the forefront of avoiding plastic waste with innovative recyclable packaging made from renewable raw materials. In addition, the reduction of greenhouse gas emissions to mitigate climate change is an integral and fixed part of our corporate strategy. That is why we set ourselves ambitious, science-based goals and take an active part in the Business Ambition for 1.5 ° C initiative in order to jointly promote climate-friendly economic activity. "

Leading European thermoforming packaging specialist Waddington® Europe, a division of Novolex®, has teamed up with Shabra, Ireland’s leading recycler and reprocessor of post-consumer waste (PCW), to purchase food-grade recycled PET (rPET) sourced from bottles, pots, tubs and trays to manufacture new rPET food packaging products at its Arklow production site. Not only does the agreement help to further secure Waddington Europe’s long-term source of rPET, but it also enables the company to expand its line of Eco Blend® products made with post-consumer recycled content sourced domestically in Ireland back into the Irish market. “Collectively, we hope these new agreements will advance our stake in localized plastics circularity in the Irish market,” said Eduardo Gomes, Managing Director of Waddington Europe. “We need to start moving to a more holistic and long-term view when it comes to the lifecycle and environmental impact of food-grade packaging. It’s just as important to consider the carbon footprint at its start of life as the environmental impact at the end of its life.”