US-based TC Transcontinental Packaging has announced a $60m investment to support and accelerate the commercialisation of recyclable and flexible plastic packaging solutions.
This investment will be used by the company to develop high-performance polyethylene films that will offer more heat resistance.
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TC Transcontinental Packaging, which is a packaging business of TC Transcontinental, will also install a new film line for the production of biaxially oriented polyethylene (BOPE).
The business will procure and install other ancillary equipment with the $60m investment.
The equipment for TC Transcontinental Packaging’s new BOPE film line will be delivered by Brückner Group, a company specialising in the field of film production and technology.
The investment will further support 120,000ft² expansion work at TC Transcontinental Packaging’s facility in Spartanburg, South Carolina, US.
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By GlobalDataTC Transcontinental’s senior vice-president for R&D, Innovation, Sustainability, and ESG Alex Hayden said: “Our investment in BOPE is a strategic decision that positions us to address sustainability shortcomings in existing offerings.
“This new equipment will advance the commercialisation of recyclable film solutions to meet the challenging requirements of our different applications without sacrificing fill speed or performance.”
Work is currently underway and is scheduled to be completed in the next financial year.
TC Transcontinental president and CEO Thomas Morin said: “This new offering will be a game-changer in TC Transcontinental’s recyclability journey, demonstrating our commitment to distinguish ourselves and gain market share with innovative sustainable solutions for our customers.
“Our offering aligns with our customers’ desire to accelerate speed to market with recyclable products that also protect and preserve their contents throughout their life cycle, in addition to creating a more circular economy for plastic.”
TC Transcontinental Packaging has a portfolio of sustainable products such as the vieVERTe line, which offers multiple benefits of flexible packaging, including minimising food waste, extending shelf life, and providing protection to products, all with a reduced environmental footprint.
