The bottle’s PET resin quality has been confirmed via the European Pharmacopoeia and US Pharmacopeia.
The deal is set to positively influence the company’s cash flow and net debt.
The larger bottle size aims to enhance the brand’s retail visibility.
The move forms part of the company’s commitment to reduce plastic waste and boost the circular economy.
The proposed factory will be equipped to produce large paper packaging products for the solar photovoltaic (PV) industry.
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Customers will be offered a selection of in-store reusable bags after the deadline passes.
TricorBraun is set to offer expanded offerings and services to its customers across North America post-acquisition.
Smith used its Circular Design Metrics methodology to design the packaging solution.
The addition of the new machines is expected to help meet demand for corrugated packaging solutions.
From September, the government will charge fee on single-use packaging made of plastic or aluminium, or multi-material packaging.