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Evonik, Toyotsu Chemiplas and Sanyo Chemical will evaluate a recycling model for recovering polyols and amines from post-consumer polyurethane foam and production scrap. Evonik has partnered with Toyotsu Chemiplas and Sanyo Chemical Industries to develop a chemical recycling model for polyurethane foam in Japan.
The restructuring forms part of GSK’s “accelerating growth” strategy that was first announced in July. At the time, GSK CEO Luke Miels explained the pharma was seeking 1.9 billion pounds ($2.5 billion) in annual cost-savings by 2029 to fund the program.
Global snacking company Pladis has appointed former Kerry Group executive Frankgerald Stepp as chief supply chain officer, as it looks to build on a multi-year transformation of its global manufacturing and supply chain network.
International Paper (IP) is in early-stage talks with bidders over a potential sale of its EMEA packaging business. The company is continuing preparations to spin off the unit, which combines its regional operations with DS Smith. The review comes as IP faces soft packaging demand linked to weaker consumer spending and housing activity.