Stora Enso has entered into an equity transfer agreement to increase its ownership stake from 51% to 90% in its Chinese subsidiary Stora Enso Inpac Packaging Co. Ltd. The transaction is based on the terms of an option agreement dated October 2010. The cash consideration is approximately EUR 46 million. The transaction is subject to regulatory approval by Chinese authorities and is expected to be finalised during the first quarter of 2016. The transaction gives Stora Enso a better opportunity to develop the Inpac Packaging business further and to execute the strategy in the region. The transaction will have no impact on group’s sales or operating profit.
Ahead of the next Dscoop Edge conference where PSPs, partners and brands converge, HP Inc. announced HP Indigo digital printing inks are now certified for compostability in home and industrial. This is the latest in sustainability achievements allowing converters and brands to print smaller quantities, while helping to reduce inventory waste and improve their overall environmental impact.
TUV Austria awarded the “OK Compost Home” and “OK Compost Industrial” marks to HP, verifying HP Indigo ElectroInks can be used as printing inks1 for packaging recoverable through composting and biodegradation in accordance with leading standards, such as EU regulation EN 13432. 2
According to Grandview Market research, the “green packaging” market is poised to reach $237.8 billion by 2024, registering 5.7% CAGR during the forecast period. 3
“Demand for sustainable packaging solutions is driving converters to digital printing, allowing converters and brands to help significantly lower the environmental impact of printing,” said Alon Bar-Shany, general manager, HP Indigo. “HP Indigo printing eliminates the need for plates or cylinders and offers the freedom to print smaller quantities, while helping reduce waste during production and unused inventory.”
At Dscoop Edge in PortAventura, Spain, June 19-21 and at Labelexpo in Brussels, Belgium, Sept. 24-27, HP Indigo will present its portfolio of sustainable packaging solutions, certifications and samples.
HP Indigo supports packaging printing with its portfolio of presses including the HP Indigo 20000 Digital Press, HP Indigo 8000 and HP Indigo 6900 for flexible packaging. In addition to TUV certification, HP’s growing set of sustainability achievements includes:
HP Indigo joined CEFLEX (Circular Economy for Flexible Packaging), as the first digital press provider for the flexible packaging market. CEFLEX is a European consortium of companies collaborating to advance the performance of flexible packaging in a circular economy, throughout the entire value chain.
Deinking tests conducted by Cadel Deinking of Spain verified that HP Indigo digitally printed flexible packaging, including coating, can be fully deinked. The results on a range of substrates open new ways for brands and service providers to work towards higher sustainability, where deinking is an essential stage in the recycling process.
HP-certified Michelman primers for flexible packaging recently passed extensive testing for ecotoxicity, heavy metals and fluorine content and conforms to leading industry standards including EN 13432 (2000) and ASTM D6400 (2012) for use in compostable packaging.4
Packaging customers around the world are moving to HP Indigo digital printing to drive new sustainable packaging businesses.
more at: http://whattheythink.com/news/95797-hp-indigo-digital-print-certified-compostable-packaging/?utm_source=newsletter&utm_medium=email&utm_campaign=daily