Cortec Coated Products Recognized by Wisconsin DNR with Recycling Excellence Award

January–December 2020 (compared to 1–12/2019) • Sales were EUR 1,889.5 million (1,931.8). • Comparable operating result was EUR 221.2 million (184.4) or 11.7% (9.5%) of sales. Operating result was EUR 227.3 million (180.8). • Comparable earnings per share were EUR 0.46 (0.41), and earnings per share were EUR 0.48 (0.41). • Comparable return on capital employed was 12.2% (10.4%). • Net cash flow from operations was EUR 307.7 million (200.5). October–December 2020 (compared to 10–12/2019) • Sales were EUR 473.1 million (478.4). • Comparable operating result was EUR 64.5 million (39.1), or 13.6% (8.2%) of sales. Operating result was EUR 64.5 million (20.0). • Comparable earnings per share were EUR 0.14 (0.09), and earnings per share were EUR 0.14 (0.05). • Comparable return on capital employed was 14.3% (8.9%). • Net cash flow from operations was EUR 81.0 million (89.6).

Mondi has partnered with SILBO, a Polish leading producer of compostable packaging, to create a paper-based high-strength packaging for the Irish farm potato business Meade Farm Group. The innovative bags replace hard-to-recycle plastic with paper, a renewable resource enhanced with a bio-based coating and are certified as compostable2. Working closely for two years, SILBO, Meade and Mondi developed the FSC®-certified bag using speciality kraft paper to ensure strength in handling while providing barrier properties to keep the produce fresh. The bag has multiple sustainability features: a corn starch-based netting for a small cut-out window, water-based ink and Mondi’s biodegradable Sustainex® coating, which provides heat sealing and moisture barrier protection. The packaging has been launched across Ireland, Poland, France and Germany, winning the silver Fruit Logistica Innovation Award. The new solution helps Meade to achieve its sustaina-bility goals: using packaging that is reusable, recyclable, renewable or compostable wherever possible.

If you’ve been in the conversation about sustainable packaging at all in the last few years, you’ve seen the rise in use of recycled content in plastic packaging. But what exactly is post-consumer recycled (PCR) content, and where does it fit into the sustainable packaging landscape? Is it really sustainable? In this Deep Dive we’ll focus on PCR in plastic packaging. Post-consumer recycled content refers to materials that have already been used by consumers, recycled, and then repurposed into new products, including packaging. A piece of packaging is said to have some percentage of PCR – if for example, a plastic bag with 20% PCR was made of 20% recycled content, and the other 80% was virgin (new) content. In the world of sustainable packaging, PCR is most commonly part of the discussion in plastics (you may also hear PCR spelled out as “post-consumer resin” in the context of plastics), but most kinds of packaging can have recycled content – glass, metal, paper, and more. For whatever reason, the term PCW (post-consumer waste) is sometimes used, especially in paper products, but the concept is the same.