09 December 2024
09 December 2024
With ambitious targets in place, the legislation focuses on cutting waste, eliminating “forever chemicals” from food packaging, and fostering a circular economy by 2040.
The project was initially designed to increase recycling rates in the country.
The industry recycling rate stands at 57%, close to the three-decade average of around 60%.
The production facility is expected to produce 600 million PP bags annually.
The company will install an electric turbine generator, supporting its decarbonisation strategy.
The press reduces substrate, ink, and energy waste, lowering the company's environmental footprint.
EBITDA also experienced a decrease of 2% during the quarter.
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