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Ind


Itochu invests in Paptic Itochu Corporation, one of


Itochu Itochu Corporati


invests in Pap ion, one of


the largest Japan trading compan


the largest Japanese general trading companies, has agreed to a capital alliance with Paptic and has acquired shares of the company as a general investment. “Paptic, as a company addressing a global environmental challenge, has a perfect fit with Itochu’s sustainability strategy,”


nese general ies, has


agreed to a capi tal alliance with Paptic and has acquired shares of the com general investm ent. “Paptic, as a co addressing a glo environmental c has a perfect fit sustainability str


mpany as a


ompany obal


challenge, with Itochu’s ategy,”


commented Jin Asada, chief executive of Itochu Fi iber. “Having tested the different Pap believe Paptic w materials in prac “We are extrem


ptic materials in various packaging applications we will be a true game-changer in the f flexible packaging ctically all geographical markets.” mely pleased with Itochu joining t


ve found a long-term investor with ans very well aligned with ours. Pa


p g pp


said Tuomas Mu stonen, co-founder and chief exec discussions and collaboration in the past months h in Itochu we hav sustainability pla company, and th story. We have a we will continue financing to reac Paptic has rais


Paptic has raised in total over 13 million euros of equity investments during the cours


during the course of the company. In the previous round, in May 2020 Paptic secured o


sed in total over 13 million euros o se of the company. In the previous


public financing round. papti


Contac


Paptic secured over four million euros of equity with Springvest’s public financing  paptic.com


over four million euros of equity with Springvest’s round.


ct Originators Contact Originators, a leadin


commented Jin Asada, chief executive of Itochu Fiber. “Having tested the different Paptic materials in various packaging applications we believe Paptic will be a true game-changer in the flexible packaging materials in practically all geographical markets.” “We are extremely pleased with Itochu joining the Paptic family,” said Tuomas Mustonen, co-founder and chief executive of Paptic. “The discussions and collaboration in the past months have shown that in Itochu we have found a long-term investor with the growth and sustainability plans very well aligned with ours. Paptic is a high-growth company, and this investment will ensure the next phase in our growth story. We have an ambitious growth vision for the coming years, and we will continue opening new market opportunities and raising further financing to reach our targets.”


his investment will ensure the next phase in our growth n ambitious growth vision for the e opening new market opportuniti ch our targets.”


he Paptic family,” cutive of Paptic. “The have shown that h the growth and ptic is a high-growth t phase in our growth coming years, and es and raising further


g


of equity investments s round, in May 2020 ith Springvest’s


ptic


Asd wit


da reduces pac th refills


Industry


Asda reduces packaging with refills


n, Leeds.


dustry News ckaging


Asda has added more than 50 new product lines to its refill zone at its p sustainability store in Middleton, Leeds.


as added more than 50 new product lines to its refill zone at its flagship sustainability store in Middleton, Leeds. The s


uct lines to its refill zone at its n Leeds.


The supermarket has partnered with some of the UK’s most popular consumer brands including Coca Cola, Yorkshire Tea, Napolina, Tilda, Mars an


Mars and Kellogg’s to bring the new product lines to store in refillable format,


format, as it steps up its efforts to help customers reduce, reuse or recycle


recycle plastic packaging. The c


supermarket has partnered with some of the UK’s most popular mer brands including Coca Cola, Yorkshire Tea, Napolina, Tilda, nd Kellogg’s to bring the new product lines to store in refillable , as it steps up its efforts to help customers reduce, reuse or e plastic packaging.


ome of the UK’s most popular orkshire Tea, Napolina, Tilda, duct lines to store in refillable ustomers reduce, reuse or


company reports that the refill zone has already proved to be popular with customers since opening in October 2020, with several products outstripping packaged sales and many shoppers travelling from outside the local area to shop sustainably. Following the addition of the 5


of the 50 new lines, customers will now have a choice of 76 different products in refillable format at the store.


The company reports that the refill zone has already proved to be r with customers since opening in October 2020, with several ts outstripping packaged sales and many shoppers travelling utside the local area to shop sustainably. Following the addition 50 new lines, customers will now h ts in refillable format at the store.


ne has already proved to be October 2020, with several nd many shoppers travelling inably. Following the addition have a choice of 76 different


Asda recently announced that it was rolling out its refill proposition more stores by the end of the year – Rugby, Milton Keynes, nd its first refill offer in Scotland at the Glasgow Toryglen store. refill proposition is part of the supermarket’s commitment to remove 3bn pieces of plastic from own-brand products by 2025 and uce over 40 refillable products by 2025.


Asda recently announced that it was rolling out its refill proposition to four more stores by the end of the year – Rugby, Milton Keynes, York and its first refill offer in Scotland at the Glasgow Toryglen store. The r


The refill proposition is part of the supermarket’s commitment to e 3bn pieces of plastic from own-brand products by 2025 and introduce over 40 refillable products by 2025.  asda. .com


remove


olling out its refill proposition r – Rugby, Milton Keynes, the Glasgow Toryglen store. ermarket’s commitment to brand products by 2025 and 2025.


Contact Originators strengthens team to support growth Contact Originators, a leading graphics origination


s strengthens te ng graphics origination


and flexographic plate man appointed Gareth Heward a With more than 30 years’ print and graphics sectors, M provide support on site at C develop and enhance proce He will also liaise with and s across corrugated, pre-print


 and flexographic plate manufacturer, has nufacturer, has


appointed Gareth Heward as technical manager. With more than 30 years’ experience in the print and graphics sectors, Mr Heward will provide support on site at Contact, helping to develop and enhance processes and innovations. He will also liaise with and support customers across corrugated, pre-print and flexible print disciplines as the company continues to seek new 


as technical manager. experience in the Mr Heward will Contact, helping to esses and innovations. support customers t and flexible print continues to seek new 


nities in these markets. Mr Heward joins Contact from Miraclon (formerly Kodak) where he spent four years supporting customers in the UK, Nordics and Baltics. He also spent 21 years with V&W Graphics working in variou


opportunities in these markets. Mr Heward joins Contact from Miraclon (formerly


opportun graphics and production director. times are


rt growth ins Contact from Miraclon


in various roles working his way through the business where he became graphics


upporting customers in the s with V&W Graphics working business where he became





service the company is renowned for in corrugated board and wide format.” www 


ward said: “Following major investment in their new site, exciting e ahead for Team Contact and I look forward to playing a key role in ensuri ng we have the right technologies in place to deliver the superb service th


p..co.uk


ent in their new site, exciting forward to playing a key role n place to deliver the superb gated board and wide format.”


eam to suppor


y Kodak) where he spent four years supporting customers in the dics and Baltics. He also spent 21 years with V&W Graphics working s roles working his way through the business where he became and production director.


Mr Heward said: “Following major investment in their new site, exciting times are ahead for Team Contact and I look forward to playing a key role in ensuring we have the right technologies in place to deliver the superb he company is renowned for in corrugated board and wide format.” w..contact-gr-group


September 2021


7


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