The partnership between Xact Prepack and Termoformas combines Xact Prepack’s expertise in sustainable packaging solutions with Termoformas’ dedication to manufacturing excellence.
In 2023, the flexible packaging industry saw positive developments despite challenges for some firms. Sonoco achieved record profits, TC Transcontinental maintained stable revenues and increased earnings, and Winpak benefited from lower raw material prices, improving profit margins. The industry's consolidation trend was also evident in the Top 25 converters list for the year.
The collaboration leverages ExxonMobil’s ExxtendTM technology for advanced recycling, which processes plastic waste and attributes it to new plastic for food-grade packaging through a mass balance approach.
Environmental challenges are complex and controversial — just take a look at the vastly different recycling and plastic legislative bills proposed each year across the country.