Page 73 - Plastics News June 2024

PRODUCT NEWS

working on improving the process our trials. Overall, we’ve crossed the Riley also said: “Today we are an-
100,000 cap mark and are excited nouncing that we have accelerated
about the results.” (See a video of the the procurement of multiple additional
process here.) high-throughput commercial produc-

The partners, who first announced this tion lines to complement the first line,
project last August, said they can make which we already ordered. We aim to
the caps with virgin PET, recycled PET bring our first manufacturing system
(rPET), or bio-based PET, and noted online during the fourth quarter of
that this development “expands the 2024.” At full capacity, he said they
ability to use rPET” in closure applica- expect their initial systems to generate
tions. between $45 million and $65 million in
annual revenue.
On May 14 Origin announced its 2024
first-quarter financial results. Despite “The caps and closures opportunity,”
reporting a net loss of $13.9 million for he continued, “is massive –– an over
the three months to March 31, Co-CEO $65 billion market –– with currently
Rich Riley said: “We have seen strong engaged prospective customers alone
progress on our pathway to profit- consuming tens of billions of caps per
ability, led by our groundbreaking PET year. We look forward to rapidly stand-
caps and closures business.” The firm ing up additional lines addressing mul-
for a slit and fold on the PET caps. reported $6.8 million in total revenues tiple product types, including tethered
We have increased the speed of the for the quarter. beverage caps and caps for non-bever-
process, reduced the number of over- Origin Ordering More Commercial age home goods applications.”
all steps, and increased the scale of Production Lines Source – Plastics Engineering

Cost effective Polyethylene & Polypropylene based conductive

black compound

film, moulding & thermoforming ap- • FIBC Liners
plications using superior carbon black • Packaging Films
grades with excellent conductivity.
• Electronics Packaging
Consistent conductivity delivered
through these compounds are suitable SALIENT FEATURES
for all packaging applications where the • Suitable even for thin films &
risk of electrostatic discharge (ESD) is sheets
to be eliminated. The film/sheets pro-
duced using these compounds gives a • Improved conductivity
smooth surface finish with good gloss, • Excellent dispersion, gloss & me-
mechanical properties & excellent con- chanical properties
andui Industries Pvt. Ltd. ductivity.
has developed extremely APPLICATIONS IN POLYETHYLENE &
cost effective Polyethylene POLYPROPYLENE
& Polypropylene based • Conductive Films
conductive black compound for blown

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PLASTICS NEWSASTICS NEWS
June 2024