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Coveris uses Zotefoams' tech for packaging solution

09 March 2017 11:05

Zotefoams announced that Coveris, an international manufacturing company, is using MuCell technology to produce a polystyrene-free packaging solution, known as NEOCELL PP+, on a commercial basis.

The company said NEOCELL PP+ is the first thermoformed polypropylene (PP) sheet in the form-fill-seal (FFS) industry which is dominated by polystyrene (PS) packaging.

PP material guarantees the same output and efficiency as PS with the addition of improved price stability, excellent thermoforming capabilities and a carbon footprint reduction.

The development of NEOCELL PP+ was driven by the need to provide an ecological and resource-saving packaging solution, while enhancing overall cost-effectiveness.

NEOCELL PP+ eliminates the need for chemical foaming agents using MuCell technology for injection of inert gas, resulting in a 26% reduction in product weight compared to PS.

Management also said variable density regulation by injecting the optimal amount of gas generates material savings.

Under the agreement, MuCell Extrusion, a wholly owned subsidiary of Zotefoams, licensed its technology to Coveris with a fee payable as a percentage of cost savings.

At 11:05am: (LON:ZTF) Zotefoams PLC share price was +19.63p at 317.63p

Story provided by StockMarketWire.com

Related Company: ZTF

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