Wayne, PA, September 15, 2021 -- Tekni-Plex has named Eldon Schaffer as CEO of the company’s Consumer Products division, which services non-healthcare sectors including food & beverage, cosmetics & beauty and personal care. Schaffer will play a critical role in developing and executing business strategies that will enable the company to apply its materials science knowledge to customer product designs and challenges.
- HKScan’s leading Swedish sausage brand Scan Falukorv 800 g is now packed with Mondi’s renewable paper-based packaging
- By switching from an unrecyclable plastic multi-layer material to paper-based packaging, the carbon footprint has been reduced significantly
Mondi, a global leader in packaging and paper, has worked with Nordic food manufacturer HKScan to provide renewable paper-based packaging for its best-selling Falukorv sausage.
Smurfit Kappa announces the launch of its Green Finance Framework
Smurfit Kappa Group has launched its Green Finance Framework and commences discussions with potential investors on a new green financing transaction.
The Green Finance Framework will support green issuances from Smurfit Kappa that finance assets and expenditures associated with circular economy adapted products, production technologies and processes and/or certified eco-efficient products and environmentally sustainable management of living natural resources and land use.
The Green Finance Framework is aligned with the ICMA Green Bond Principles 2021 and the LMA Green Loan Principles 2021, which have been confirmed by ISS ESG in a positive Second Party Opinion.
The Green Finance Framework is reflective of the sustainable nature of Smurfit Kappa’s business model, with eligibility criteria that span the geographic scope of the group’s operations and take into account its efforts to produce circular products, using certified sustainable raw materials and implementing circular production processes that are subject to continuous improvement, both in terms of environmental and social metrics. As such, Smurfit Kappa’s approach to sustainable financing will also mirror what the group is, a global business which places sustainability at the centre of its operating model.
Garrett Quinn, chief sustainability officer, commented: “Setting up this framework and issuing green finance instruments is a further significant step in our sustainability strategy, embedding sustainability into our capital structure alongside our sustainability-linked revolving credit facility, and complementing the dedication of everyone in Smurfit Kappa, where we make a sustainable product in an increasingly sustainable way.”
Smurfit Kappa has mandated ING and Rabobank as Joint Green Structuring Advisors, and BNP Paribas, Citigroup, ING and Rabobank to arrange on its behalf a series of virtual fixed income investor meetings commencing today, (Monday, 13 September 2021). An inaugural, green, EUR 1 billion, Regulation S, senior, unsecured, dual-tranche offering with 8-year and 12-year maturities is expected to follow, subject to market conditions.
Smurfit Kappa intends to use an amount equivalent to the net proceeds from the offering to finance eligible green projects under its Green Finance Framework. The group intends to issue a notice to redeem its senior notes due 2024 from existing cash on hand and/or existing available facilities, should a transaction follow. BNP Paribas will be coordinating logistics and an electronic deal roadshow presentation will be made available.
Tekni-Plex has named Chris Qualters as CEO of the company’s Healthcare division.
Qualters joined Tekni-Plex in November as president of Tekni-Plex Medical, responsible for all aspects of the company’s global medical device business. He was tasked with designing and implementing a comprehensive business strategy to bolster Tekni’s position as a key solutions partner to Medical Device organizations.
I hadn’t seen my friends Mark and Sherry for a year due to COVID-19 and my own schedule demands. So, when I found out there was a “good-bye” party for them because they were moving to Florida, my wife and I decided to go. We pulled up in our car, and I saw a guy stepping out of his that looked like Mark — but a much smaller, healthier version. Then Sherry stepped out looking smashing. I said, “Hey guys, is that you? What happened?” It turns out, they went on Jenny Craig and each lost nearly 50 pounds. How did they do it? They simply signed up and subscribed.
My friends are shining examples of a trend sweeping through the consumer landscape. Rather than running back and forth to a grocery store, they let their service do the shopping and preparing for them. It’s more convenient — and healthier. Services like the one they use, Jenny Craig, have been around for years. During the pandemic, meal subscriptions really took off.
According to the Business of Business, “Americans spent $100 million on meal kits in the month ending April 11, doubling sales from 2019, according to Nielsen via WSJ. Earnest Research shows online meal-kits growing 63% over the same period. The industry is cautiously predicted by Grocery Dive to hit 20 billion by 2027 and see 13% annual growth.”
Meal-kit services initially met with industry skepticism by leading sources such as Forbes which called them “DOA” back in 2018. In fact, here’s what they said:
“A recent study conducted on the amount of package waste generated by meal kits is indicative of the growing backlash against the industry. Meal kits are more time consuming than they appear, the subscription model is stone age and restrictive, and the taste of the meals suffer from extreme variance.”
When you think of wildly popular services like Netflix, Hulu, Jenny Craig, Amazon Prime, Chewy, and countless others, the subscription model seems more like the future than the stone age.
What does this mean for packaging? Let’s look at a few examples of how meal kits are trending.
Yumble: Simple sustainability focuses on easy recycling.
We start with Yumble. The inspiration of New Jersey mom Joanna Parker, Yumble offers healthy pre-made meals for kids delivered via a subscription service. The brand makes sustainability a priority. To quote from their website, “Meal trays are made from PP #5 plastic and can be recycled with standard curbside recycling, along with the paper sleeves on each meal. The shipping box is fully recyclable and may be recycled with regular paper.”
Speaking of the shipping box, the design is truly engaging. Fun typography and simple graphics of veggies against a clean white background. Inside are individual meal packs, each with its own unique graphic treatment. Each order contains a variety of meals, along with games and other activities to make eating healthy a kid-friendly event. The packaging speaks to the environmental concern of the parent. Overall a winner. No wonder Bethany Frankel backed this brand on Shark Tank.
Soylent: “Let us take a few things off your plate.”
Soylent is another player in the food-subscription marathon. This brand promotes its nutritional value as a key selling point. Producing the protein in Soylent involves much less CO2 impact than equivalent products. The company promotes an ethical brand message based on Soylent’s outreach to the world’s undernourished populations.
The packaging, high-density polyethylene (HDPE) bottles, which are commonly recycled in the US along with polyethylene terephthalate (PET), and its website recommends that consumers be responsible about recycling. In other words, it cares, and is open about its sustainable positioning. That said, the products are still in a “plastic bottle.”
Speaking of that, the design is sleek and contemporary as befits a whole new way to get nutrition. It looks like the future. (But anyone who remembers the 1973 movie Soylent Green might pause before consuming these products, just sayin’.)
Jenny Craig: The champs do it best.
The Jenny Craig meal plans work, as my friends Mark and Sherry can attest. The brand has been in the subscription meal business for 35 years. Although their plan options are anywhere from $12.99 to $23+ a day, they have a dedicated following.
With the emphasis on sustainability, Jenny Craig recently announced its new eco-friendly packaging. The delivery box features Green Cell Foam insulation that dissolves in water, and the outer delivery box is 30% smaller and completely recyclable. The aesthetic is clean, tasteful, and the logo is given the hero treatment it deserves.
All this sounds great, but the sustainable claims being made are hard to calculate. When you compare the strain packaging and delivery trucks put on the environment — against countless individual consumers going to and from retail stores, buying and wasting food, the calculus gets mind boggling. Also, what about the recent waves of supply chain shortages? When the waves ebb and flow, do subscription services hold up, or are they impacted the way everything else is?
An inclusive, gender-neutral collection of multi-tasking waterless products in packaging that promotes a more circular and sustainable future.
Following the International Sustainability and Carbon Certificate (ISCC) Plus accreditation of its Berry Astra Plastique facility in Saint-Georges-de-Reneins, France, Berry Healthcare’s market-leading Vistop® PP36 patented tamper evident closure for autoclave sterilisation can now be specified incorporating advanced recycling resin in both circular PP and PE. This meets customer demands for more sustainable packaging while maintaining the closure’s high standards of product protection and user safety.
- Xaar, the leading inkjet printing technology group, says the advanced capabilities of its Ultra High Viscosity technology demonstrates the significant difference that inkjet printing can make to labels and packaging.
Part of Xaar’s ImagineX platform, Ultra High Viscosity technology ensures Xaar’s printheads deliver high impact, productive and efficient results for volume digital label and packaging printing applications.
Wayne, PA, September 9, 2021 – Tekni-Plex has reorganized its business structure into two key market-focused divisions: Tekni-Plex Healthcare and Tekni-Plex Consumer Products.
The reorganization is part of an intensive, eight-month planning effort to evolve Tekni-Plex into an innovative partner leveraging proprietary material-science application knowledge to provide solutions that make the world healthier and more sustainable.
Pack Expo Las Vegas: Marchesini Group presents a monobloc machine for counting and capping plus a processing solution for the American market.
Las Vegas (Nevada) – Marchesini Group will be exhibiting at the Pack Expo Las Vegas trade fair (27-29 September) with the support of its American office, Marchesini Group USA, which was established in 1992 and has since become a well-known contact for the pharmaceutical, biotech and nutraceutical industries in the American, Canadian and Puerto Rican markets.