This funding will turbocharge Movopack's official launch in the UK - the company’s first expansion outside of Italy - to help tackle a growing packaging waste crisis, where an estimated 1.7 billion pieces of plastic are discarded weekly.
This partnership represents a step forward in advancing packaging sustainability, combining Amcor's expertise in innovative packaging with Kolon’s high-polymer manufacturing technology.
In May 2024, the companies had presented a MDO-PE film measuring only 18 micrometers (µm), which had been produced on an EVO Ultra Stretch blown film line from Reifenhäuser with specially developed PE materials (Polyethylene).
Transaction enables Dow to further focus on core, high-value downstream markets. Proceeds will be used to support Dow's capital allocation priorities, including value-creating growth investments.