PACCOR reaches ‘challenging milestone’ to produce 250,000 tons of rPET
The company has invested over £10m ($13.02m) in its UK branch to make changes in production and its technology.
Ashley Jones, MD, PACCOR UK, said PACCOR UK is delighted to have achieved this milestone of manufacturing out of fully recycled materials on a large scale.
“The lessons we have learned over the past decade are an important step for us to further support development in the market and to provide sustainable value for our clients and environmental benefits to the retailers and market,” he said.
PACCOR, based in Zell, Germany, supplies plastic for the food-to-go and foodservice sector including fruit containers, snacks, confectionery, sushi trays and serving platters. It now plans to develop half a million tons of rPET.
In 2018, PACCOR generated revenues of around €600m ($680m) with around 3,000 employees across 20 production sites in Europe and the US.
It has also appointed Andreas Schütte as CEO, effective March 1 2019, with Zdenek Rybczuk as the Group’s COO and Andy Hollyhead as CFO.
Prior to joining PACCOR, Schütte held various board member and management positions in international companies, including Hydro Aluminium and the Siteco Group. As a board member of Gerresheimer, he was responsible for the Plastics & Devices and Advanced Technologies segment.
Lindsay Goldberg, a private investment firm based in New York, acquired Coveris Rigid in August 2018 and renamed the company as PACCOR.