Hi Technological Plastic Industries PLC
Hi Technological Plastic Industries PLC: The need for recycled plastic is expected to continue the increase as major companies intend to shift into only recycled plastics.
DGAP-News: Hi Technological Plastic Industries PLC / Key word(s): Miscellaneous London, August 13, 2018 – Hi Technological Plastic Industries PLC (HTPI)– The demand for recycled plastics is expected to increase in the long term, as several larger companies have announced their intentions to use 100 percent reusable, recyclable or compostable packaging by 2025 or earlier. In particular, 11 companies have been working with the Ellen MacArthur Foundation to hasten the transition to a circular economy. The Foundation estimates the 11 companies are responsible for six-million metric tonnes of plastic packaging each year. The companies include well known, international brands: Amcor, Ecover, Evian, L’Oréal, Mars, M&S, PepsiCo, The Coca-Cola Company, Unilever, Walmart, and Werner & Mertz. “We are seeing a lot of optimism in the recycling plastic industry currently, and we are following all venues to become a stronger and more international player in the market. We are therefore allocating time to find additional investors to help increase the production facility, and as the same time increase shareholder value”, said Rana Kashaf Shahzad, Chairman of Hi Technological Plastic Industries LLC. About
13.08.2018 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |