Page 20 - Plastics News May 2018

CompAny news

Polyone Barrier Technologies Enable Sustainability and Recyclability,

bags China Sustainable Packaging Award 2017

olyOne, a provider of advanced technologies for Investor Day on May 10, 2018, PolyOne plans to present
Ppackaging, has announced that its barrier additives additional details about barrier technology innovation
are increasing sustainability and design freedom as one of several high-growth focus areas that underpin
while extending shelf life and lightweighting options the company's expectation of delivering double digit EPS
for packaging manufacturers.According to leading growth in 2018 and beyond. PolyOne, with 2017 revenues
market research firms, of $3.2 billion, is a premier provider of specialized
in-demand barrier polymer materials, services and solutions. The company
technologies affect is dedicated to serving customers in diverse industries
not only shelf life, but around the globe, by creating value through collaboration,
also brand integrity, innovation and an unwavering commitment to excellence.
product aesthetics,
lightweighting,
and ultimately, KKR India funds Sintex BAPL
recyclability. PolyOne for growth
develops its additives
collaboratively with intex Plastics Technology’s subsidiary Sintex BAPL
brands and packaging Shas received a capital commitment of up to Rs 1,250
manufacturers while crore through structured finance from private equity
addressing key global fund KKR India and its affiliates.
pressures to reduce The investment will fuel Sintex's
both food waste and aggressive growth plans as it
the environmental continues to rapidly shift its
impact of packaging. Lactra SX is an one of the example. business model towards B2C/
retail segment. "The investment
This technology protects light-sensitive dairy products of Rs 1,250 crore by KKR India
such as ultra-pasteurized milk and protein-enhanced and its affiliates in Sintex
yogurts from photo-induced degradation by providing Plastics Technology's subsidiary
99.99% UV and visible-light blocking.In addition, it allows Sintex BAPL, is considered as one of the largest in the
design-friendly, single-layer PET containers to perform manufacturing sector in recent times. According to
on par with multi-layer bottles and laminate paperboard the company the proceeds will be utilised to refinance
cartons, requiring less material and reducing production existing debt and fund the company's growth in the
waste for increased sustainability.For this reason, Lactra B2C business, further capitalising on the Sintex brand
SX was recently awarded the China Sustainable Packaging for high-margin value-added product categories in
Award 2017 from M.Success Media Group, organizers of the the retail plastics division as well high-end auto and
annual China Package Technology Innovation & Sustainable defense plastics product category.
Development Forum.PolyOne chairman, president and The company has also nominated KKR's Tashwinder
CEO Robert Patterson said: "Our packaging customers are Singh on the board of Sintex BAPL. "This partnership
continually seeking novel ways to improve recyclability with KKR will go a long way in nourishing our retail
and increase sustainability, while maintaining or extending business and custom molding business globally," said
product protection and shelf life."As a market leader in Amit Patel, managing director, Sintex Group.KKR and
oxygen, light, and UV barrier solutions for the packaging affiliates have funded the company's retail expansion
market, we continue to develop technologies that enable and to incorporate high value added items in the
manufacturers to achieve these goals."At its upcoming company's auto plastics business.

Plastics News May 2018 20