Sika is buying Romanian mortar and thermal insulations company Adeplast, the Swiss construction chemicals maker said on Monday.
Adeplast generates sales of 120 million Swiss francs ($120.34 million)with a workforce of 460 employees, said Sika, which did not disclose how much it was paying for the business. ($1 = 0.9972 Swiss francs)
By John Revill
Source: Reuters
The US State of New York is introducing two new bills to combat over-packaging, poor recycling rates and litter issues, including an Extended Producer Responsibility (EPR) program requiring companies such as McDonald’s and Amazon to pay for the cost of packaging disposal and recycling.
The new organization’s mission is to redesign the critical steps of the plastics sorting and recycling system for post-consumer lightweight packaging (LWP) to speed up circularity, born from a need to meet the rising market demand for high-quality recyclates for use in high-end plastic applications.
Starbucks and Hubbub have launched a £1 million (US$1.22 million) “Bring It Back Fund” to increase the uptake of reusable packaging in the F&B industry. The funding will go toward innovative ideas that make it easier for customers to use alternatives to single-use packaging by supporting pilot projects that help shift consumption habits.
