Intertape Polymer Group Inc. announced an agreement to acquire a majority stake in Capstone Polyweave Private Limited (d/b/a “Capstone”), a newly-formed enterprise in India, which is expected to lead to a greenfield investment by Capstone. The principal purpose of the Capstone partnership will be to provide IPG with a globally-competitive supply of certain woven products in order to better service and grow IPG’s woven products business. IPG will be partnering with the current shareholders of Capstone, who are also the shareholders and operators of Airtrax Polymers Private Limited (d/b/a “Airtrax”). Airtrax manufactures and sells woven products that are used in various applications, including in the building and construction industry. All amounts in this press release are denominated in US dollars unless otherwise indicated. Click Read More below for additional detail.
At Lecta, we are reaffirming our commitment to sustainability by moving towards developing innovative solutions that contribute to reducing our environmental impact and encouraging the circular economy.
For this reason, we have substituted the polyethylene film layer with a functional protective barrier, resulting in a 100% plastic-free soft-wrap paper guaranteed to protect the product in optimum condition thereby ensuring the correct storage of Adestor self-adhesive products. With this action, we contribute to an annual reduction of 27 tons of consumed plastic and its equivalent 94,5 tons in CO2 emissions, according to official carbon footprint calculations defined by www.ciel.org (Center for International Environmental Law).
Lecta’s new soft-wrap paper is 100% recyclable and meets the current EN:13430 standard for recoverable containers and packaging.
With this launch, we reaffirm our commitment, as a responsible company, to facilitate the recycling process of soft-wrap paper, thereby minimizing the environmental impact and reducing the associated waste management costs.
Moreover, the new soft-wrap paper for Adestor ream-wrapped sheets is FSC® C011032 certified, guaranteeing that our paper is manufactured with cellulose from responsibly managed forests.
With less plastic and more paper, we are better able to protect our products and our environment.