Please be advised that KODIAKOOLER® will generally increase prices on all products effective January 31st, 2021.
This decision did not come lightly as many factors contributed to the necessary change including: Increase costs of our raw materials; Increases in freight from our shippers and logistics; Increase cost and demand brought on by COVID-19; Increase costs of labor.
Please be assured that KODIAKOOLER has made every effort to keep this increase to a minimum and will continue to monitor current situations that could affect future price structures.
https://kodiakooler.com/2021/01/04/2021-update-from-kodiakooler/?utm_source=ActiveCampaign&utm_medium=email&utm_content=KODIAKOOLER+-+Price+Increase+Notification&utm_campaign=Price+Increase+Notification
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Trioworld, a leading supplier of innovative, high-performance plastic film solutions, announces two new divisions – Division Retail and Division Recycling. Division Carrier bags, based in Arvika, Sweden, merges into the new Division Retail. Six divisions become seven as an adjustment to accelerating growth in line with the M&A strategy as well as the increasing focus on circular solutions and expanded recycling capacity. Division Retail is headed by Niklas Agevall, former Business Director Bags & Sacks. Oskar Karlsson, Vice President Sustainability and CPO, will lead Division Recycling. “We are refining our governance model to better fit the accelerating growth as well as our focus on circular solutions. The new Recycling division is an important component in our overall product offering to our customers, ensuring high-quality PCR to all product categories with Loop alternatives. It includes Trioworld Korsberga, which will be the hub for recycling of industrial stretch film along with the current recycling lines for silage film, says Andreas Malmberg, CEO, Trioworld Group. “Division Retail gathers a strong product portfolio including refuse bags and sacks as well as carrier bags, bin bags and building film.” Trioworld now operates under the following structure: Consumer Packaging Division, Health Care Division, Industrial Film Division, Recycling Division, Retail Division, Stretch Film Division and North America Division.
Highlights • A resilient performance with strong cash flow - Underlying EBITDA of €1,201 million (2022: €1,848 million), with margin of 16.4% (2022: 20.8%) - Strong cash generation with cash generated from operations increasing to €1,312 million (2022: €1,292 million) - Group revenue of €7,330 million (2022: €8,902 million) - Basic underlying earnings per share of 107.8 euro cents (2022: 195.6 euro cents) - Return on capital employed (ROCE) of 12.8% (2022: 23.7%) • Robust balance sheet with net debt to underlying EBITDA at 0.3 times; pro-forma at 1.0 times1 (2022: 0.5 times) • Good progress towards delivering €1.2 billion of organic growth investments on time and on budget • Advancing our sustainability performance through the Mondi Action Plan 2030 (MAP2030) • Completed sale of Russian assets, concluding the Group's exit from Russia
A new report from Finland’s Technical Research Center (VTT), “Recycling Food Packaging”, highlights those technology solutions expected to become commercially available in the next five years and says partnerships are essential to deliver the necessary technological innovations in food packaging recycling. VTT’s team examined current and near-future recycling systems for plastic and fiber packaging and found that alliances between brand owners, recycling and sorting technology developers, and waste management companies are fundamental to the development of recycling solutions. Such partnerships are essential for future investment in new recycling technology as they provide, on one hand, accessibility to used material, and on the other hand, a potential user for the recyclate. Commissioned by Huhtamaki the global sustainable packaging solutions provider, the report aims to identify and increase understanding of the key drivers required to deliver a functioning circular economy, in which importantly packaging is not only recyclable, but recycled. “The study predicts a significant increase in industrial chemical recycling capacity in the United States, Europe and East Asia in the next 3–4 years. Chemically recycled polymers can be included in food packaging after full depolymerization, whilst in practice today, recycled polymers certified as food contact material are mainly limited to rPET, used mostly in bottles”, says Mona Arnold, principal scientist at VTT.