Weekly Roundup: JUST Water bottle nabs award, DS Smith makes fresh sustainability commitments

Weekly Roundup: JUST Water bottle nabs award, DS Smith makes fresh sustainability commitments

02 Nov 2018 --- Eco-friendly bottled water brand JUST Water has received the “Best Packaging Solution” award at the 2018 Global Bottled Water Congress for its unique Tetra Top carton bottle. DS Smith has announced that it is committed to having a portfolio of 100 percent reusable or recyclable packaging by 2025, while Mondi became one of the 290-plus signatories of The New Plastics Economy Global Commitment and Ball Corporation released strong financial results for the third quarter. RPC Group, Europe's biggest plastics packaging maker, has further extended the deadline for private equity firms Apollo Global Management and Bain Capital to make firm takeover bids for the company, Reuters reported.

In brief: Product launches and certifications
Eco-friendly bottled water brand JUST Water has received the “Best Packaging Solution” award at the 2018 Global Bottled Water Congress for its unique Tetra Top carton bottle. The 15th Global Bottled Water Congress was held in Evian, France from October 22 to 24. Judges presented the “Best Packaging Solution” award to JUST Water for being a “solid brand with a clear message” and delivering a product that appeals to the consumer in an economic, pragmatic and responsible way. JUST water – founded by American actor Jaden Smith – doesn’t claim to yet be the “perfect solution, but it is a step in the right direction” for a sustainable recycling model.

Click to Enlarge
The bottle consists of 54 percent paper,
28 percent plant-based plastic,
3 percent aluminum and 15 percent protective
plastic film. The cap is made from sugarcane.

In brief: Acquisitions, mergers and expansions
RPC Group,
Europe's biggest plastics packaging maker, has further extended the deadline for private equity firms Apollo Global Management and Bain Capital to make firm takeover bids for the company, Reuters reports. The PE firms, which are considering rival takeover offers, now have until December 3rd instead of October 8th, as was the first deadline, or November 5th, which it was extended to, to make firm offers or walk away, Reuters shared.

In brief: Miscellaneous 
DS Smith
has announced that it is committed to having a portfolio of 100 percent reusable or recyclable packaging by 2025, as the company aims to be the partner of choice for customers seeking to make the switch to more sustainable packaging. “There is a great opportunity for our customers to replace unrecyclable packaging with fiber-based alternatives. However, the technical challenge lies in finding solutions which balance the right performance, exceptional user experience, food safety, and recyclability equally,” Says Magnus Renman, Group R&D Director.

Mondi, a packaging and paper provider, has become one of the signatories of The New Plastics Economy Global Commitment which will work towards eliminating plastic pollution by creating 100 percent reusable or recyclable plastic packaging by 2025. Through the Global Commitment, Mondi has said it will boost the use of recycled content in its products to ensure a minimum of 25 percent of post-consumer waste is incorporated across all its plastic packaging by 2025.

Ball Corporation has reported strong third quarter (Q3) results. The company highlighted that beverage packaging, North and Central America, comparable segment operating earnings in the third quarter of 2018 were US$153 million on sales of $1.2 billion, compared to $121 million on sales of $1.1 billion in the third quarter of 2017. “Improved third quarter results were driven by strong operational performance in every one of our businesses, as well as lower corporate costs, and were partially offset by a higher effective tax rate and incrementally higher transportation costs and other start-up costs during the completion of the complex, multi-plant network optimization program,” saysJohn A. Hayes, chairman, president and chief executive officer.

By Laxmi Haigh

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