FDBusiness.com

Coca-Cola keeps green bottle commitment following ECO Plastics sale

 Breaking News
  • Brexit Deal Vital to Protecting Irish All-island Supply Chains Food Drink Ireland (FDI), the Ibec group that represents the food industry, has said the full implementation of the December Brexit deal was vital to protect complex all-island supply chains. The deal now needs to be put into a binding legal contract, there can be no black-sliding on clearly agreed commitments. At the launch of [...]...
  • GEA Cooling Systems For Pork Production in Russia At the end of last year, the pig slaughter and processing entity Agroeco-Yug signed a contract with the technology group GEA for the supply, installation and commissioning of an extensive cooling system. This plant will be built in the Voronezh region and will be one of Russia’s largest businesses for the slaughter and processing of [...]...
  • Modulfill Bloc FS-C Filler-seamer Block – Krones’ First Block Solution For Cans Premiered This is definitely something new – for the first time, beverage producers can buy, from Krones, an all-in-one solution for filling and seaming cans. This block is packed full of Krones’ knowledge coupled with state-of-the-art technology. Modulfill VFS-C Filler The Modulfill VFS-C is a volumetric can filler, suitable for both small and large output ranges. Depending on [...]...
  • The Best and Worst UK Supermarkets Aldi is the UK’s favourite supermarket for 2018, according to exclusive Which? research. The budget retailer has knocked Waitrose from the top spot, which it held for three years. Sainsbury’s finished in last position, with the least-satisfied in-store customers overall. Asda, Morrisons and Tesco, the other three largest supermarkets, complete the bottom half of the rankings. The [...]...
  • Branded Sales Outpace Own Label For First Time Since 2014 as Irish Shoppers Show Their Loyal Side The latest grocery market share figures from Kantar Worldpanel in Ireland, for the 12 weeks ending 28 January 2018, show continued growth for Irish supermarkets with branded goods leading the way. David Berry, director at Kantar Worldpanel, comments: “The recovery of branded sales began in late 2017 and has continued apace in the new year. Sales [...]...

Coca-Cola keeps green bottle commitment following ECO Plastics sale

December 14
11:05 2014

Coca-Cola Enterprises (CCE) has insisted its use of recycledPressimage
materials in bottles will not drop following the sale of its 50% stake in the UK’s only plastic bottle recycling plant.

German investment firm Aurelius has today (12 December) completed the purchase of ECO Plastics, which opened one of the world’s largest plastic bottle sorting plants in Hemswell, Lincolnshire, in partnership with CCE in 2012.

The plant, which is capable of sorting 150,000 tonnes of mixed bottles per year, helped CCE reach its goal of including 25% recycled plastics (rPET) in all of its plastic bottles. Financial details of today’s deal are undisclosed but CCE has confirmed it has entered into a long-term agreement to continue to source rPET from the site at the same rate.

A CCE spokeswoman said: “We are pleased that ECO Plastics has found a buyer to support the next stage in the development of the UK’s most important supplier of food-grade recycled PET.

“As part of the financial agreement, Coca-Cola Enterprises Ltd has agreed not to continue with the joint venture, Continuum Recycling. In return, CCE has entered into a long-term agreement to source recycled PET from Eco Plastics.

“This new arrangement will ensure that CCE continues to use a minimum of 25% rPET in our plastic bottles in Great Britain, allowing us to deliver on our commitments to set the standard for sustainable packaging.”

Vote of confidence

Aurelius has a strong track record in the plastics sector. Previous investments in this space include its acquisition of Wellman International – Europe’s largest recycler of PET bottles and a leading producer of polyester staple fibre products.

ECO Plastics’ Founder and Deputy Chairman Jonathan Short said: “This news is not just a vote of confidence in the future of ECO Plastics, but a vote of confidence in the promising future of the UK’s fast growing recycling sector.

“Working with AURELIUS will take the ECO Plastics story to the next level. This new owner will not only bring in new expertise and financial resources, but also a shared commitment to the development of a more sustainable, circular economy in the UK.”

About Author

admin

admin

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • February 18, 2018Vinisud
  • February 25, 2018fish international
  • February 27, 2018Int'l Food Fair
  • February 27, 2018Warsaw Gastro Show
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber





Subscribe Here



Advertisements