The plastic recycling capacity in Europe is growing according to a recent study made by Plastic Recyclers Europe and is expected to continue growing with the coming legislation on packaging as a key driver. The demand for PCR (Post-Consumer Recyclates) material is expected to increase significantly and Trioworld is investing heavily to meet the demand and secure the supply of PCR for our customers. The study from PRE shows that plastic recycling capacity grew 8 % between 2018 to 2020 alongside considerable improvements in collection, sorting and recycling leading to a growing uptake in a wider range of end applications. “In 2022, Trioworld decided to invest more than 50 million EUR in expanding our recycling capabilities. Investments that will make it possible to supply high-quality post-consumer recycled material to stretch film”, says Oskar Karlsson, CPO and VP Sustainability at Trioworld Group.
Total packaging papers & specialty packaging shipments in May increased five percent compared to May 2020. They were up two percent when compared to the same five months of 2020.
The operating rate was 87.6 percent, up 7.3 points from May 2020 and up 5.6 points year-to-date.
Mill inventories at the end of May decreased 2,000 short tons from the previous month and were up 3,000 short tons compared to May 2020.