Saica Group agrees to acquire minority stake in Pacapime
Pacapime generated €61m ($65.83m) in revenue in 2022, with 80% of its sales in the food sector.
29 August 2023
29 August 2023
Pacapime generated €61m ($65.83m) in revenue in 2022, with 80% of its sales in the food sector.
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The plant has annual capacity of approximately 55,000t of specialty paper.
The press is capable of printing labels up to 13.4in wide as fast as 164ft per minute.
The growth has been attributed to the merger of the company's various packaging and recycling businesses.
The recycling solution can accurately identify and sort recyclables, thereby increasing efficiency and reducing contamination.
The completion of deal, marking Heineken’s exit from Russia, comes after receipt of all the necessary approvals.
The EPA highlighted that packaging waste in the country is being generated at a higher rate than it is being recycled.
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Countries in the APAC region should look to invest on upgrading grid infrastructure, energy storage systems, microgrids, and support mechanism for renewables to be able to achieve their climate goals. The growth trajectory of Europe cannot be implied in APAC since several countries were late entrants into the renewable market. APAC countries should look to weave their own roadmap towards achieving net zero emissions and leverage the large population into adopting renewable technology.
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