Zotefoams PLC Coveris using MuCell® technology
09 March 2017 - 6:01PM
RNS Non-Regulatory
TIDMZTF
Zotefoams PLC
09 March 2017
RNS Reach announcement
Zotefoams plc
("Zotefoams" or "the Company")
Coveris using MuCell(R) technology to produce polystyrene-free
packaging
Next generation in lightweight technology provides a
cost-effective, ecological and resource-saving packaging
solution
9 March 2017 - Zotefoams plc, a world leader in cellular
materials technology, announces that Coveris Holdings S.A.
(Coveris), a leading international manufacturing company, is now
using MuCell(R) technology to produce a polystyrene-free packaging
solution, known as NEOCELL(R) PP+, on a commercial basis.
NEOCELL(R) PP+ is the first thermoformed polypropylene (PP)
sheet in the form-fill-seal (FFS) industry which is dominated by
polystyrene (PS) packaging. The PP material guarantees the same
output and efficiency as PS with the addition of improved price
stability, excellent thermoforming capabilities and a significant
carbon footprint reduction.
The development of NEOCELL(R) PP+ was driven by the need to
provide an ecological and resource-saving packaging solution, while
enhancing overall cost-effectiveness. NEOCELL(R) PP+ eliminates the
need for chemical foaming agents using MuCell technology for
injection of inert gas, resulting in a 26% reduction in product
weight compared to PS. In addition, variable density regulation by
injecting the optimal amount of gas generates material savings.
Under the terms of the agreement, MuCell Extrusion LLC, a wholly
owned subsidiary of Zotefoams plc, has licensed its technology to
Coveris with a fee payable as a percentage of cost savings.
David Stirling, Group CEO of Zotefoams plc, said:
"We are very pleased to be working with Coveris to produce the
innovative NEOCELL(R) PP+ polystyrene-free packaging solution. This
partnership further exemplifies the financial and environmental
benefits that MuCell(TM) Extrusion technology can deliver."
Coveris is dedicated to providing solutions that enhance the
safety, quality and convenience of every day products. Coveris'
NEOCELL(R) PP+ has opened a new chapter with its ground-breaking
and innovative PS-free packaging solution for all kinds of FFS
applications, for use in sectors such as the dairy industry. For
example, NEOCELL(R) PP+ has been developed as a breakable PP FFS
sheet, making it ideal for use in yoghurt pots so they can be
easily detached from each other when in packs.
- Ends -
Enquiries:
Zotefoams plc +44 (0)208 664 1600
David Stirling, Group
CEO
Gary McGrath, Finance
Director
FTI Consulting +44 (0)203 727 1000
Victoria Foster Mitchell
/ Simon Conway
About Zotefoams plc
Zotefoams plc (LSE - ZTF) is a world leader in cellular
materials technology. Using a unique manufacturing process with
environmentally friendly nitrogen expansion, Zotefoams produces and
sells lightweight AZOTE(R) polyolefin and ZOTEK(R) high-performance
foams for diverse markets worldwide. Zotefoams uses its own
cellular materials to manufacture T-FIT(R) advanced insulation for
demanding industrial markets. In addition, Zotefoams owns and
licenses patented MuCell(R) microcellular foam technology,
developed specifically for extrusion applications, from a base in
Massachusetts, USA to customers worldwide.
Zotefoams is headquartered in Croydon, UK, with additional
manufacturing sites in Kentucky and Oklahoma, USA (foam products
manufacture and conversion), Massachusetts, USA (MuCell Extrusion)
and Jiangsu Province, China (T-FIT(R) insulation products).
www.zotefoams.com
AZOTE(R), ZOTEK(R), T-FIT(R) are registered trademarks of
Zotefoams plc
MuCell(R) is a registered trademark of Trexel Inc.
About Coveris Holdings S.A.
As a leading international manufacturing company, Coveris is
dedicated to providing solutions that enhance the safety, quality
and convenience of products we use every day. In partnership with
the most respected brands in the world, Coveris develops vital
products that protect everything from the food we eat, to medical
supplies, to the touch screen device in our pockets, contributing
to the lives of millions every day. Coveris is an affiliated
portfolio company of Sun Capital Partners, Inc.
www.coveris.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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March 09, 2017 02:01 ET (07:01 GMT)
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