UAE-based packaging company Hotpack has formed a joint venture (JV) with HZ Corporation of Malaysia on paper-based foodservice packaging.
The new entity, HZP Eco Packaging, aims to support the wider use of paper packaging products as demand rises for alternatives to plastic in foodservice applications.
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The arrangement brings together Hotpack’s international operating base and HZ Corporation’s manufacturing focus in paper packaging.
The venture’s first phase of product commercialisation will focus on airlines, coffee brands, catering companies, food delivery platforms and quick-service restaurant chains, where pressure has increased from regulators and consumers to reduce plastic packaging.
Its initial product line will include paper cups, folding cartons, paper bags and other foodservice packaging products.
The joint venture is part of Hotpack’s plan to expand in key international markets.
According to a press release posted on Zawya, the venture targets “high-growth” markets across Australia, the Middle East, New Zealand, North America, and Southeast Asia.
Hotpack managing director and Group CEO Abdul Jebbar said: “This partnership brings together complementary strengths in manufacturing, innovation, and market access.
“By combining Hotpack’s operational scale and global distribution network with HZ Corporation’s expertise in paper-based foodservice packaging, we are creating a strong platform to deliver high-quality, certified sustainable solutions to customers across the world.
“It also supports our long-term vision of expanding access to practical and scalable alternatives that help businesses meet evolving sustainability requirements.”
Hotpack was established in Dubai in 1995 and now operates from 30 locations.
It supplies customers in more than 100 countries and has invested in production, sustainable packaging technology and overseas growth.
HZ Corporation CEO Donald Yap said: “This joint venture is the culmination of a shared belief that sustainable packaging must be both technologically advanced and commercially viable at scale.
“By pairing our manufacturing expertise and regional market access in Southeast Asia with Hotpack’s global distribution network and brand equity, we are building an ecosystem that can meaningfully accelerate the shift away from plastic across multiple industries and geographies.”
HZ Corporation has operations across Southeast Asia and supplies businesses in the foodservice industry. It is also involved in dry-moulded fibre technology for selected packaging uses.
In May, UAE-based alternative investment company GII completed a minority share investment in Hotpack Global Holding.
