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Solvay Named Runner-Up in ‘Future of Lightweighting’ of the 2023 Altair Enlighten Award

Petra Löwer (Germany)
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Solvay Named Runner-Up in ‘Future of Lightweighting’ of the 2023 Altair Enlighten Award

Solvay Named Runner-Up in ‘Future of Lightweighting’ of the 2023 Altair Enlighten Award

Breakthrough with Ajedium PEEK film for slot liners enabling lower wall-thickness, increased copper slot fill and superior thermal insulation over incumbent materials

Solvay, a global market leader in specialty materials, has been honored with the runner-up Altair Enlighten Award 2023 in the ‘Future of Lightweighting’ category for slot liners using Ajedium PEEK Film in the battery pack and e-motor design of electric vehicles (EV). Presented in association with the Center for Automotive Research (CAR), the Altair Enlighten Award is the industry’s only award dedicated to vehicle lightweighting and honors sustainability and lightweighting advancements that have significant potential to reduce carbon footprint, mitigate water and energy consumption, and leverage material reuse and recycling efforts.

The award was received by Solvay’s Dr. DeeDee Smith, E-Mobility Marketing Manager, and Brian Baleno, Head of Automotive Marketing, in an awards ceremony on August 1st.

“We are very proud of receiving this prestigious award, which recognizes our firm commitment to greater sustainability in e-mobility with high-performance specialty polymers,” says Brian Baleno. “As EV manufacturers are moving from 400 volt systems to 800 volts or higher, conventional paper laminate slot liners can no longer live up to the challenges arising from this trend. In comprehensive simulation testing, our Ajedium PEEK Film has demonstrated its outstanding property profile for improving the thermal, electrical and mechanical performance of slot liners, while enabling thinner secondary insulation and providing a more sustainable mono-material solution.”

The distinguished Ajedium PEEK Film slot liners were selected by the Altair jury for offering a potential mass reduction of 12 kg in the battery pack and 4 kg in the e-motor of EVs compared to the weight of systems using traditional laminates. This can make a big difference in terms of EV power consumption and reach. By achieving the same electrical resistance at only two thirds of the typical laminate thickness, the innovative PEEK slot liners also increase the available stator slot space for additional magnet wire and thus higher copper slot fill factors.

Moreover, the superior electric insulation and thermal heat dissipation of Ajedium PEEK enhances the thermal management efficiency, which allows designers to downsize the aluminum casting and create more sustainable e-motors with less energy and material consumption. The PEEK film shows excellent chemical resistance to automatic transmission fluids (ATF) and good adhesion to varnish. In addition, it eliminates the need for dedusting equipment and climate controlled storage, reducing energy costs and improving workspace conditions.

Learn more at www.solvay.com

 

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Endress+Hauser Strengthens Commitment in India

Petra Löwer (Germany)
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Endress+Hauser Strengthens Commitment in India

Endress+Hauser Strengthens Commitment in India

Endress+Hauser has built a state-of-the-art production facility at its Aurangabad site

Endress+Hauser has opened a new production building on its campus in Aurangabad, India. This milestone not only underlines the company’s commitment to the region but also reaffirms its continued investment in world-class production and working environments.

Ceremonial inauguration in a family setting
The formal inauguration of the building took place on 1 August 2023 in the presence of the Endress+Hauser Temperature+System Products management, as well as high-ranking representatives of various industry associations. After the official inauguration of the new building, a family party was held, giving employees’ relatives the opportunity to visit the new premises.

In addition, employees celebrating anniversaries were honored for their many years of service to the company in the presence of their family members. The day was rounded off with an evening banquet at which traditional Indian cuisine was served.

Sustainable infrastructure and office concept
The new production building is a modern facility for the manufacture of temperature measurement technology and system products as well as liquid analysis. The two-story building covers a total area of 5,400 square meters and was realized with an investment of 4.4 million euros. The first floor houses new production spaces for Endress+Hauser Temperature+System Products, offices and a modern cafeteria. The second floor houses production and office space for Endress+Hauser Liquid Analysis.

To minimize the environmental impact, a solar installation covers 80 percent of the building’s electricity consumption, in line with the company’s goal of CO2 neutrality. Special insulating glass reduces heat transmission and increases the building’s energy efficiency. The sustainable concept supports internal and external collaboration and promotes an inspiring work environment.

Continuous growth in the region
Since its establishment 11 years ago, the site has become a key location for the production of high-quality products for customers in India and Southeast Asia. The newly constructed production building represents a strategic investment to support continued growth in the region and to serve these emerging markets even more efficiently with premium Indian-made products.

www.endress.com

 

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Goebel IMS Confirmed as a Trustworthy Partner in the BOPET Film Field

Petra Löwer (Germany)
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Goebel IMS Confirmed as a Trustworthy Partner in the BOPET Film Field

Goebel IMS Confirmed as a Trustworthy Partner in the BOPET Film Field

Zheijiang Yongsheng Technology Co., LTD. is one of the leading companies in the Chinese market for the production and sale of BOPET film products. The cooperation with GOEBEL IMS had its starting point at the end of 2018, with the order of two new primary slitter rewinders for BOPET converting.

The project included a MONOSLIT OPTICAL 6000 BOPET, which is a fully electrical high-end machine for converting technical films such as optical grade films. With the multi-functional slitting unit (including shear cutting) and optional by-pass spreader roller, the machine can convert thin as well as thick films. With special surface coatings for the guide rollers and the possibility to install web-cleaning devices and other special units, like an ultra-sonic knurling device, a big variety of applications can be covered.

The second machine for this project was a MONOSLIT 9000 BOPET which is designed for high-speed converting of mainly packaging grade films (the machine speed is 1200 m/min).

Both machines were delivered at the beginning of 2020 and successfully brought into production, despite the difficulties caused by Covid-19 pandemic.

The GOEBEL IMS MONOSLIT 9000 BOPET in operation in a clean room.

Tobias Lanksweirt, Managing Director of GOEBEL Schneid- und Wickelsysteme GmbH and Sales Director Film adds: “This was only possible thanks to the support of our Chinese Team as well as the great cooperation with the experienced operators of Yongsheng. It was a completely new situation for us and if for the first machine we still had some German colleagues at the customer’s site, we had to install and start-up the second machine completely with our local team. Therefore, it was a great success to deliver and start up the lines on time, to finally ensure a successful project for our partner. We are looking forward to continuing this great cooperation with Yongsheng.”

As a matter of fact, a new agreement including two additional primary slitter rewinders – MONOSLIT 9000 BOPET and MONOSLIT GIANT 11000 BOPET – has been signed, thus confirming Yongsheng’s satisfaction with GOEBEL IMS technology and quality.

Mr. Xu Yongming (General Manager of Zheijiang Yongsheng) adds: “We are very happy with our decision and to have GOEBEL IMS as a reliable partner on our side. Even in these difficult times we always got the full support from GOEBEL IMS and managed a successful start-up of the first two projects. Therefore, we decided to continue our partnership and we ordered two additional GOEBEL IMS primary slitter rewinders, another MONOSLIT 9000 BOPET and a MONOSLIT GIANT 11000 BOPET for our first 10.6m BOPET production line. We are looking forward to continuing this fruitful partnership too.”

From left to right: Linda Han (Sales Manager GOEBEL IMS), Xu Yongmeing (General Manager Zhejiang Yongsheng), Tobias Lanksweirt (Sales Director Film GOEBEL IMS), Song Baoyuan (Vice General Manager Zhejiang Yongsheng), Rolland Tian (Sales Manager GOEBEL IMS)

www.goebel-ims.com

 

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Launch of the New TPR 25 Pilot Tablet Coater from Romaco Tecpharm

Petra Löwer (Germany)
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Launch of the New TPR 25 Pilot Tablet Coater from Romaco Tecpharm

Launch of the New TPR 25 Pilot Tablet Coater from Romaco Tecpharm

The new TPR 25 Pilot tablet coater from Romaco Tecpharm will be unveiled to trade visitors at this year’s PACK EXPO Las Vegas. Romaco, the one stop solutions supplier for processing and packaging, will also be showing the PC 4350 high speed continuous motion cartoner from Romaco Promatic and the smart KTP 1X R&D tablet press from Romaco Kilian.

Romaco will take advantage of this year’s PACK EXPO Las Vegas to present an exclusive selection of its processing and packaging technologies. The launch of the TPR 25 Pilot tablet coater underlines the one stop solutions supplier’s expertise in laboratory applications. From powder to pallet, the pharmaceutical machinery manufacturer has the right solution for every process step – either standalone or as an integrated line. Thereby, Romaco combines sustainability with cost efficiency: the energy, material and space savings achieved by Romaco machines reduce not only the end customer’s manufacturing costs but also their equipment’s carbon footprint.

TPR 25 Pilot mobile tablet coater from Romaco Tecpharm for batch sizes from 5 to 100 percent

Romaco Tecpharm is expanding its Optima product family with the TPR 25 Pilot mobile tablet coater. All inlet and exhaust airflow systems required for the coating process have been integrated into this compact pilot-scale unit for simple plug & play commissioning. As a modern all-in-one solution, its applications cover everything from development activities and scale-ups to the production of very small batches. The pilot coater is designed to handle batches weighing anything from 1 to 25 kg, making it suited for an extremely wide batch size range from 5 to 100 percent. The coating pan’s enormous flexibility is made possible by fully automated processes requiring no manual adjustments. The TPR 25 Pilot is equipped with Tecpharm’s patented Optima spray arm, which is controlled by a sonar system that automatically adjusts the distance between the spray gun and the tablet bed. Thanks to the spray arm’s intelligence, the coater does not have to be stopped and opened to correct the spray distance while the process is running. In addition to this, the extendable Optima spray arm has movable nozzles to ensure the ideal spray angle in any situation. The process air flowing through the tablet bed follows a precisely controlled path, which can be automatically adapted to the level in the drum with the aid of an exhaust flap that opens steplessly. This results in remarkably accurate application of the coating suspension and ultra-efficient drying of the tablet bed. From a sustainability viewpoint, Romaco Tecpharm’s TPR 25 Pilot consequently impresses with significantly shorter processing times coupled with lower energy and spray liquid consumption.

PC 4350 continuous motion cartoner from Romaco Promatic with ophthalmic bottles feeding

The PC 4350 high speed continuous motion cartoner from Romaco Promatic is designed for processing a very wide range of products. With its safe product handling concept, the cartoner is perfect for packaging extra-lightweight plastic bottles with small diameters and low filling volumes, such as those used for ophthalmics. A double conical wheel infeed system ensures safe transfer of the bottles to the cartoner even at the machine’s maximum speed. The machine can also be configured for feeding ecotrays with vials placed upright. Depending on the requirements, glass vials, tubes, strips, blisters, and countless other products can likewise be packaged quickly and reliably. The Promatic PC 4350 achieves a maximum output of 350 cartons per minute. Its positive carton opening system means there is no friction whatsoever, paving the way for gentle handling, especially where recycled cardboard is concerned. The GMP-compliant balcony design and ergonomic working height moreover speed up safe line clearance. The cartoner’s buckets are produced by 3D printing – an exciting first – so that material consumption during the manufacturing process is radically curtailed. Numerous anodized aluminum components and the recycled acrylic glass housing further reduce the cartoner’s carbon footprint. If required, Romaco Promatic’s PC 4350 can be flexibly integrated into the diverse packaging concepts of the pharmaceutical, nutraceutical, cosmetics, food and chemical industries.

www.romaco.com

 

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Windsor Rolls Out Industry’s Highest Tonnage KL-2000 and KL-2300 Patented Two Platen Injection Moulding Machines, Made in India Absolutely

Petra Löwer (Germany)
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Windsor Rolls Out Industry’s Highest Tonnage KL-2000 and KL-2300 Patented Two Platen Injection Moulding Machines, Made in India Absolutely

Windsor Rolls Out Industry’s Highest Tonnage KL-2000 and KL-2300 Patented Two Platen Injection Moulding Machines, Made in India Absolutely

On the 22nd June, 2023 Windsor launched the highest tonnage patented two platen Injection Moulding Machine in India amidst the who’s who of plastics processing industry in the country. With the expanding horizons of thermoplastic industry and demand for a bigger shot size plastic components in a limited space, there has been a rising demand to make higher tonnage machine and offer the customers more benefits and ease of operation. Innovation, just like change, is the only constant for us at Windsor Machines Ltd.

It was a gala function wherein we introduced KL2000 and KL2300 ton machines and this is sure to open up new vistas in manufacturing thermoplastic products. This will specially cater to bigger plastic components requirements in Automotive, White goods, Construction, Logistics and Dust Bins industry with a generous specification and a footprint akin to that of a clamp unit.

In the recent past, there has been a constant demand from customers for two platen technology in 1500 tonnage and above sizes of machines. With feature-rich and future-ready technology, by introducing KL-2000 and KL-2300, Windsor has initiated plugging the gap from 1600 to 3200 ton machines. KL-2000 and KL-2300 can deliver more without occupying extra space, and it’s easy to manufacture at competitive pricing standards eventually benefiting customers. Technology, by itself isn’t a magic. It’s the imagination that works wonders. Time and again Windsor has proved that.

Key highlights:

  • Higher reliability
  • Patented jaw clamping system
  • Generous specification with multiple benefits
  • Lubrication free short tie bars

Paradigms don’t shift overnight. It takes decades of innovation to drive change. With its proven technological prowess, both KL-2000 and KL-2300 ensure higher productivity wherein the machine footprint is reduced by 15-20% hence saving on the floor space and making room for installing more machines on the shop floor. And both these machines are surprisingly compact and reliably efficient.

The large distance between tie-bar and platen dimension of KL-2000 & 2300 enables universal utilities of different moulds and more versatility and high degree of flexibility. The optimized parts with documented element analysis help our customers achieve high strength to weight ratio, apart from ensuring lesser downtime in day-to-day operation. Currently the designing KL-2800 and KL-3200 machine are underway, which will further enhance the range for the two platen machines from 350 to 3200 ton.

Before we launched KL1600 In January 2023, the industry was mainly reliant on China for the heavy and big parts like clamp & injection castings, tie bars, cylinders, etc. For the past 60 years, Windsor was always in favour of developing parts locally benefitting the local industry. In the making of KL 1600, KL 2000 and KL 2300, Windsor has set the new standards of nurturing and developing the Indian MSME ecosystem to make all the parts in India. The biggest and the highest parts were manufactured by our proud business partners and thus paved way for others to follow and benefit the industry towards making “India Atmnirbhar”.

As forerunners of the plastics processing industry, we combine our legacy of top quality with the agility of responsiveness to build machines that are synonymous with trust. We are committed to consistently transform and reinvent ourselves and our capabilities. Over the past year, we have made significant investments and reinvented the way we operate. On the anvil is a model that would range from 350-3200 ton with a better price-to-performance ratio, improved reliability and optimum performance.

Meanwhile, Windsor continues to explore newer avenues of applications and developing sought after machines and technologies to stay ahead of the curve to benefit our customers.

 

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Change in Kiefel’s Production Philosophy

Petra Löwer (Germany)
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Change in Kiefel’s Production Philosophy

Change in Kiefel’s Production Philosophy

Kiefel launches Kiefel NOW: Immediate availability of polymer packaging machines to maximise customers’ production

Fast availability of cutting-edge polymer packaging machines to instantly grow production capacity.

Freilassing. KIEFEL GmbH, a market leader in the design and manufacture of polymer and natural fiber processing machines, automation and tools, has revised its production philosophy to launch its new long-term program “Kiefel NOW”. Customers can now benefit from a selection of the most popular thermoforming machines at their immediate disposal to instantly grow their production capacity and, consequently, increase their profits.

“With Kiefel NOW, we are keeping our promise to our customers: We ́re driving their performance. That is why we have practically eliminated the usual delivery times for certain machines. Therefore our customers can realize their orders in the shortest possible time and be even more successful”, emphasizes Thomas Halletz, CEO at Kiefel.

The cup-forming KTR 5.2 SPEED machine offers increased production and maximum efficiency.

The Kiefel NOW range includes both steel rule machines as well as tilting machines, which are available immediately or within a few weeks. Kiefel’s steel rule cutting machines such as the KMD 78.2 Speed and KMD 90 Premium for food tray production, and tilting machines like the KTR 5.2 Speed for lid, cup or coffee capsule production, are among the many models that are ready to be shipped worldwide. The company website offers an up-to-date overview of immediately available machines with shipping from Germany or the USA.

Time is of the essence in the packaging industry when it comes to achieving maximum production. Therefore, instant access to machinery and rapid adaptation to market changes and customer demands ensures business stays productive and ahead of the competition.

“The positive feedback from our customers who have already purchased several of these machines shows us that we made the right decision”, adds Armin Dietrich, Global Director of Polymer Packaging at Kiefel. “Kiefel is proud to offer a solution that not only saves our customers’ valuable time as they but also increases their profits.”

High-quality plastic packaging can be efficiently produced on Kiefel machines.

www.kiefel.com

 

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Kraiburg TPE Webinar: Advance Automotive TPEs for Interior Applications

Anagha Salvi
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Kraiburg TPE Webinar: Advance Automotive TPEs for Interior Applications

Kraiburg TPE Webinar: Advance Automotive TPEs for Interior Applications

We are thrilled to invite you to our game-changing Webinar as we unveil our new, innovative Thermoplastic Elastomer (TPE) designed specifically for automotive interior applications.

Join our New KRAIBURG TPE Advance Automotive TPEs for Interior Applications Webinar

We are thrilled to invite you to our game-changing Webinar as we unveil our new, innovative Thermoplastic Elastomer (TPE) designed specifically for automotive interior applications.

  • Date: 29th August 2023
  • Mandarin session: 11.00a.m – 11.30a.m (GMT+8)
  • Speakers: Mr. Marcus Cheah (Product Development Manager – Automotive)
  • English session: 2.30p.m – 3.00p.m (GMT+8)
  • Speakers: Mr. Marcus Cheah (Product Development Manager – Automotive)

Session Highlights

  • KRAIBURG TPE Overview
  • TPE properties and performance
  • TPE Material advantages
  • Application possibilities
  • OEM Approval
  • Q&A

Key insights

  • Explore the latest industry trends and discover how our TPE can propel your designs, functionality and customer experience to the next level.
  • Experience the unparalleled flexibility, durability, and versatility of our TPE.
  • Unlock unlimited potential for creating unique and aesthetic automotive interior components that amplify your brand and set your product apart.
  • Gain enhanced comfort, noise reduction, and a superior tactile feel for your applications.
  • Contribute towards your journey to sustainability via socially and responsible production of TPE solutions.

www.kraiburg-tpe.com

 

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Archroma Announces Certification of Compostability for Range of Paper Dyes

Petra Löwer (Germany)
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Archroma Announces Certification of Compostability for Range of Paper Dyes

Archroma Announces Certification of Compostability for Range of Paper Dyes

Archroma, a leading global provider of specialty chemicals and sustainable solutions, announces the certification of a color range of dyes for compostable paper. Colorants from our Carta, Cartasol F and Cartafix range have been meticulously selected to meet the growing demand for environmentally friendlier coloration in the paper industry.

As the paper industry strives to adopt more sustainable practices and minimize its environmental impact, compostable materials have gained considerable attention. Compostability plays a crucial role in the circular economy, enabling waste reduction and the generation of valuable organic matter.

To ensure the safe and efficient composting of paper products, stringent evaluation criteria have been established, encompassing heavy metals and fluorine content, biodegradation, ecotoxicity and plant growth test assessments. Recognizing the importance of meeting these criteria, Archroma has introduced a range of compostable dyes and fixatives for paper applications that fully satisfy these standards set forth.

Archroma’s compostable dyes and fixatives for colored paper not only provide exceptional color performance but also meet the most rigorous compostability standards. When applied to compostable materials in a specified concentration of dry weight, our dyes fulfill the evaluation criteria for heavy metals and fluorine, biodegradation, ecotoxicity and plant growth test, as outlined in EN 13432 (2000), NF-T51-800 (2015), ASTM D6400 (2012, 2021), and ISO 17088 (2012).

Key features and benefits of Archroma’s compostable dyes of the Carta, Cartasol F and Cartafix range for paper include:

  • Uncompromised color brilliance: Our dyes deliver vibrant, eye-catching colors that meet the demands of the most discerning brands and consumers, ensuring that sustainable papers and products are visually appealing. A complete shade gamut is achievable including deep shades using liquid and powder dyes with fixatives ensuring clear backwater and excellent bleed-fastness.
  • Compliance with international standards: Archroma’s dyes are in accordance with globally recognized compostability standards, enabling their adherence to strict requirements regarding heavy metal and fluorine content, biodegradation, and ecotoxicity. The product range is compostability compliant and adheres to food contact regulations specified in BfRXXXVI, ensuring its suitability for food contact paper applications.
  • More sustainable coloration: By utilizing Archroma’s range of compostable dyes, manufacturers can significantly enhance the sustainability profile of their products, contributing to a circular economy and reducing the environmental footprint.
  • Reliable performance: These dyes are carefully formulated to offer excellent color-fastness, durability, and stability, ensuring that the colors remain vibrant and consistent throughout the product’s lifecycle. The fixatives ensure excellent bleed-fastness and clear backwater

To enable customers to unlock the full performance and sustainable potential of our range for compostable colored paper, Archroma has developed a dedicated system that supports industrial compostability for all types of paper, tissues, and packaging applications.

Our system, named DOWN TO EARTH, can be accessed through the online Archroma System Selector: https://www.archroma.com/systems.

“At Archroma, we are committed to driving sustainable innovation across industries, and the certification of our compostable dyes represents a significant leap forward in the pursuit of eco-friendly coloration solutions,” said Gilles Le Moigne, Packaging & Coating Marketing Manager at Archroma. “By providing paper manufacturers with a range of dyes that meet the strict compostability standards, we empower them to create beautiful, more sustainable products that resonate with today’s environmentally conscious consumers.”

www.archroma.com

 

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Krones Nominated for the German Sustainability Award

Petra Löwer (Germany)
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Krones Nominated for the German Sustainability Award

Krones Nominated for the German Sustainability Award

Krones AG received surprising but all the more pleasing news: The technology supplier for the beverage and food industry is one of the nominees for this year’s German Sustainability Award. “At first, we were a little overwhelmed by the e-mail,” laughs Martina Birk, who is responsible for sustainability within the group.

This year, the nomination was made for the first time by a jury of experts, who identified Krones as a “pioneer of transformation” in the mechanical engineering sector. The publicly available sustainability information of the group served as the basis for this. “For us, this is an incredible honour and, above all, confirmation that we have taken the right path with ‘Solutions beyond tomorrow’ and our sustainable corporate strategy,” says a delighted Birk. “No matter what the outcome of the competition will be: This will give us additional strength and motivation for the mountain of work that still lies ahead of us.”

Who will ultimately win the race will be decided in the autumn: the finalists will be selected in September, and the award ceremony itself will take place on 23 November 2023 in Düsseldorf. This year’s German Sustainability Award is presented together with the Federal Ministry for the Environment, the DIHK and the WWF. The jurors are independent, not bound to any particular interests and participate according to clear compliance rules.

www.krones.com

 

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Wendel Signs an Agreement for the Sale of Constantia Flexibles to One Rock Capital Partners

Petra Löwer (Germany)
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Wendel Signs an Agreement for the Sale of Constantia Flexibles to One Rock Capital Partners

Wendel Signs an Agreement for the Sale of Constantia Flexibles to One Rock Capital Partners

Wendel signed an agreement to sell Constantia Flexibles (“The Company”), a global leader in the flexible packaging market, to an affiliate of One Rock Capital Partners, LLC (“One Rock”). The Group produces flexible packaging solutions for a diversified portfolio of blue-chip customers and local champions in the consumer and pharmaceutical industries.

The Company would be sold for a price that yields net proceeds1 for Wendel of c.€1,097M, reflecting a multiple of 1.94 times Wendel’s total investment in Constantia Flexibles since 2015.

The transaction net proceeds are €84 million above Constantia Flexibles’ valuation in Wendel’s net asset value (“NAV”) published before the transaction announcement, i.e., as of March 31, 2023. Furthermore, additional proceeds generated by the Company’s ongoing assets disposals, could bring the proceeds up to €1,124 million, i.e., a valuation 11.0% higher than the NAV at March 31, 2023, and 6.8% higher than the NAV at June 30, 2023.

The closing of the transaction should take place during the second half of 2023, subject to the satisfaction of the contractual conditions precedents, including the clearance by regulatory authorities.

David Darmon, Wendel Group’s Deputy CEO, said: “The history of Constantia Flexibles within Wendel’s portfolio highlights the validity of our long-term investor model, which has enabled us to support the Company in its development. Constantia Flexibles has thus placed innovation at the heart of its growth model, enabling it to rise to the challenge of the circular economy without compromising on the functional requirements of its products. Under Pim Vervaat’s leadership, all Constantia Flexibles teams demonstrated their commitment and resilience during the Covid-19 crisis, and coped brilliantly with the recent disruptions in the energy and commodities markets. They enabled the Company to deliver outstanding operational, financial and extra-financial performance.”

Pim Vervaat, CEO of Constantia Flexibles.

Pim Vervaat, CEO of Constantia Flexibles, affirms: “Our current position and success would not have been possible without Wendel’s dedication and commitment. We are grateful for their supportive partnership over the years, which has enabled our growth and investments in our workforce, innovations, and sustainable offerings for the Consumer and Pharma markets. Working alongside Wendel has been a pleasure.”

History of Wendel’s Investment in Constantia Flexibles
On March 27, 2015, Wendel finalized the acquisition of Constantia Flexibles for an enterprise value of €2.3 billion and invested €640 million in equity for a 73% stake in the Company, alongside the AREPO Foundation’s €240 million, or 27% investment. Subsequently, on September 22, 2015, Wendel signed an agreement with Maxburg Capital Partners (“MCP”), an investment company backed by the RAG Foundation, to syndicate a minority share of its investment in Constantia Flexibles. Accordingly, in November 2015, MCP acquired approximately 11% of the capital of Constantia Flexibles from Wendel for €101 million. Following this transaction, Wendel, the AREPO Foundation and MCP subsequently participated in a €50 million capital increase for Constantia Flexibles, each subscribing to a pro-rata stake, to finance the acquisitions of Afripack and Pemara. Following the capital increase and MCP’s investment in Constantia Flexibles, Wendel’s equity investment in Constantia Flexibles totaled €565 million. Wendel is the Company’s controlling shareholder, with 60.8% of the share capital.

In 2017, Constantia Flexibles sold its Labels business to Multi-Color Corporation. This value-creating transaction gave the Company additional resources to bolster its growth strategy in the flexible packaging market, where it is a leader in segments such as confectionery foils, die-cut lidding, alu-container systems and pharma foil.
Under its ownership, Wendel supported Constantia Flexibles in its external growth strategy, with 11 acquisitions in 10 countries.

ESG achievements since 2015
For more than 8 years, Wendel has supported Constantia Flexibles in its ESG challenges, and more specifically in the issues of the circular economy and the fight against climate change. As a result, since 2018 the Austrian group has had a greenhouse gas emissions reduction trajectory approved by the SBTi. 85% of its products are designed for recycling or have a recyclable alternative. Occupational safety has always been an absolute priority for Wendel, and special attention has been paid to this issue, resulting in continuous improvement, with the accident frequency rate falling from 13.4 in 2014 to 2.2 in 2022.

The relevance of the in-depth work carried out by Wendel and Constantia is reflected in the Group’s excellent extra-financial ratings, with an A- rating from the CDP and the Ecovadis Gold medal, ranking Constantia among the top 2% of companies in its sector.

Wendel, Constantia Flexibles.

www.wendelgroup.com

 

 

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