NEWS
PRE’s latest figures show capacity growth
The latest figures from Plastics Recyclers Europe show that the total installed plastics recycling capacity in EU27+3 countries stood at 12.5m tonnes in 2022, a 10% growth on the previous year. This figure has almost doubled from 2018 to 2022 and averaged a yearly growth rate of 16%. The European plastic
recycling industry invested an estimated €1bn in 2022, despite heavy market disruption. The amount of recyclates produced grew at a lower rate, down from 17% to 10% year-on-year, due to lower demand during the Covid pandemic and the energy crisis in 2022. Ton Emans, PRE President, said: “In 2023, the concern- ingly low demand for recyclates hit the sector, resulting from low prices for virgin plastics due to reduced industrial produc- tion in the EU and cheap
IMAGE: ALPLA
Constantia takes over Aluflexpack
Constantia Flexibles is to acquire packaging producer Aluflexpack. As well as buying around
Above: From 2018 to 2022, European plastics recycling capacity averaged a yearly growth rate of 16%
imports of recycled plastic from outside the EU. Moving forward, enforcement of legislative measures will be essential in ensuring the progress can be continued,” he added. Around 850 companies
were active in recycling plastics in EU27+3 in 2022, the plants averaging 15,000 tonnes/yr. Flexibles continue to lead in terms of the installed recycling capacities with
more than 3.3m tonnes reported in 2022. PE and PP flexibles, PET, and HDPE and PP rigids hold the largest proportion of the overall capacity in EU27+3 countries, representing nearly 80%. Germany, Spain, Italy, the
UK, and France remained the countries with the highest installed capacity, accounting for 60% of the total. �
www.plasticsrecyclers.eu
57% of the shares, Constan- tia will launch an all-cash public tender offer for all publicly held registered shares of Aluflexpack. The offer is subject to terms and conditions. The transaction is expected to be complet- ed in Q4 2024, pending regulatory approvals. Aluflexpack specialises in foil and film packaging for the consumer and pharmaceutical markets. It has 14 locations in Europe and more than 1,500 employees. “This fits perfectly into
our strategy to become a leading flexible packaging player in Europe and globally,” said Pim Vervaat, CEO of Constantia Flexi- bles. “The combination is a great fit.” �
www.cflex.com
India’s Chini to invest in PLA production
Indian sugar producer Balrampur Chini Mills is to invest INR20bn (around €225m) to build an integrated plant for production of polylactic acid (PLA) bioplastics.
It claims the 75,000 tonnes/yr plant will be the country’s first industrial scale bioplastics production capabil- ity when it starts production in 2027. The company has not confirmed a
location for the new facility but says it will be built on a greenfield site alongside one of its existing 10 sugar plants — it has a sugar cane crushing capacity of 80,000 tonnes a day —
8 FILM & SHEET EXTRUSION | April 2024
where it can take advantage of existing local infrastructure. “We see the utilisation of sugar as
a raw material in PLA production as pivotal for a sustainable future,” said the company’s Executive Director Avantika Saraogi. The company has appointed
Stefan Barot to the role of President (Chemicals). He has more than 35-years in the global chemical and bioplastics industries including time at BASF, Purac and Biotec Biologische Naturverpackungen. �
www.chini.com
www.filmandsheet.com
IMAGE: SHUTTERSTOCK
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