Page 6 - Packaging News Magazine Nov-Dec 2018

6
NEWS
www.packagingnews.com.au November-December 2018
TOP CLICKS
1GOVERNMENT COMMITS TO 2025 WASTE TARGETS The Australian Government joined businesses to agree to four packaging waste
targets for 2025, including making 100 per cent of Australian packaging reusable, recyclable or compostable.
2(See story opposite)
VISY OPENS $99M VICTORIAN PLANT Packaging giant Visy will open a new corrugated cardboard plant in
Truganina, Victoria, which will produce cardboard from recycled materials, as part of its push to create new manufacturing jobs.
3(See story this page)
AUSTCOR CLOSES ZAC PAC QUEENSLAND Austcor shuttered Zac Pac’s four-year-old plant in Staplyton, Queensland,
after purchasing the business. All equipment in the 12,000 square metre facility was
sold off, with Austcor hoping to make $10 million from
the sales.
4VISY GETS $30 MILLION CEFC BOOST
The Clean Energy Finance Corporation will finance $30 million of sustainability upgrades at Visy over the
next four years. Visy will use the CEFC investment to improve its waste recycling
5capacity by 10 per cent.
FOUR INNOVATIONS THAT
CAUGHT OUR EYE
A resealable can, interactive packaging, a pouch with a bubble valve
seal and a coffee-making cobot were among the highlights at Pack Expo International in Chicago in October. (See story page 39)
Secos to exit Australian film manufacturing
TOP STORIES FROM THE PACKAGING NEWS WEBSITE PACKAGINGNEWS.COM.AU
SECOS is currently going through a strategic review of its operations, and says prelim- inary findings from the review have confirmed the Board’s ex- pectation that the company can achieve significant operat- ing and overhead cost savings, to the tune of $1m a year, by moving production offshore.
Chairman Richard Tegoni said: “The Strategic Review has
identified material cost savings that will flow straight to the company’s bottom line, with a rapid return on the investment required to realise those savings.
“The consolidation of the company’s traditional plastic films operations will better use existing capacity in our Malay- sian operations and is consis- tent with the company’s primary strategic focus on our
rapidly growing, higher mar- gin bioplastic sales. The chang- es will support our ambition of becoming a world leader in bioplastics.”
The sustainable and eco- friendly bioplastics developer is currently raising $4m through a private share place- ment, $1m of which it will use to fund the closure of film manufacturing in Australia. ■
Austcor to close
Zac Pac Queensland
ESTABLISHED in 1992 by John Zac’s father Ed, the Zac Pac business – which had plants in NSW and Qld – was sold to Austcor last year, with Austcor now deciding to close the Queensland plant and put the assets up for sale.
Trevor Barnes, MD of Austcor, said: “Following due diligence of the Zac Pac business and a de- tailed strategic review of the Zac Pac assets, we decided to close the Queensland facility, which was essentially a new factory on a greenfield site. The assets have therefore been placed for sale via private tender.”
The 12,000sqm factory in Stap- lyton was created in 2014 to capi- talise on strong growth Zac Pac had been achieving in the previ- ous three years from an influx of major multinational clients in
the food and beverage, personal care, and wine markets. It signifi- cantly expanded the company’s production of its corrugated packaging, litho laminated pack- aging, and litho cartons.
At the time John Zac said “The latest expansion is all about living up to new clients’ expectations while maintain- ing service for our existing customers. Our customers ex- pect us to deliver the most ex- cellent of services, high quali- ty, and the quickest possible turnaround, and we commit to delivering exactly that from or- der placement to delivery.” ■
Visy opens $99m plant
VISY has opened a new $99 mil- lion plant in Truganina, Victo- ria as part of the company’s $2 billion pledge to create 5000 new manufacturing jobs in Australia over the next decade.
The Truganina plant will produce new cardboard paper from recycled material, and will support the local food and beverage market’s producers, manufacturers and workers, according to Visy.
Speaking at the plant opening, Ben Carroll, Victoria’s Minister for Industry and Employment, said: “We’re backing Visy’s massive expansion because it’ll boost our economy, create 85 new jobs and give work to for- mer auto-workers.”
Anthony Pratt, chairman, an- nounced the investment pro- gram last year, stating at the time: “We are one of the most en- vironmentally committed com-
panies and so much of the $2 bil- lion will be spent on technologies that not only create those high- paying manufacturing jobs, but also enhance sustainability and energy security.”
“At the end of the 10-year in- vestment program, Visy’s total investment in Australia will be $8 billion in today’s terms, and we will have created a total of almost 30,000 direct and indi- rect jobs." ■