Page 26 - Packaging News Magazine Jan-Feb 21

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SUSTAINABILITY | CIRCULAR ECONOMY www.packagingnews.com.au | January-February 2021
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O F Packaging
(O F Pack) has announced a joint venture partnership with One Paper that sees the formation of a new business called O F Resource Recovery, effective 1 January 2021. PKN reports.
O F Pack forms JV with One Paper
OF Resource Recovery will oper- ate as a division of O F Pack from the current One Paper premises in Laverton. One Paper will cease trading, and the share- holders of One Paper will remain shareholders in the new business.
O F Pack managing director Joe Foster told PKN, “At O F Pack we take our role in sustainability very seri- ously, having spent much of the past 24 months researching and develop- ing better packaging alternatives to the market that would still provide their main purpose of product pro- tection and safety. These alternative products [including the Roll ‘n’
Recycle flexible packaging concept, see PKN Nov-Dec 2020] have now been launched and commercialised, and have enjoyed great success over the past six months.
“As our ambitions move beyond our sustainable product offering, O F Pack felt compelled to forward inte- grate and consider our place in the entire life cycle of packaging. And, as a manufacturer of packaging mate- rials, we felt the need to contribute to reclaiming and recycling packaging materials at their end of life,” Foster explained.
To achieve this, O F Pack has looked to those with long-term expe- rience in this sector, who share the
ABOVE: Recycling drop-off zone at the O F Resource Recovery warehouse.
BELOW: New signage at the Laverton premises.
common goal of diverting waste from landfill and utilising these resources in more sustainable ways, while understanding the true value packag- ing has to offer.
“In One Paper we have found the perfect partner for this endeavour and are excited to join with them to form the new business O F Resource Recovery.”
Foster says the One Paper team is well established with extensive expe- rience in the recovery industry for cartons and paper, and together with O F Pack saw this as a great opportu- nity to continue in its sustainability efforts along the entire supply chain.
In the initial phase of the new busi- ness operations, the focus will be on carton and paper industrial waste recovery, with a view to expanding the capability into soft plastics.
Foster, who has focused his career to date on the flexible packaging sec- tor, confirmed that soft plastics recovery is firmly in the company’s sights: “We can see the potential for expanding the current operation to eventually include soft plastic recov- ery, while allowing us to offer a breadth of recovery and recycling services to both O F Pack customers and the market in general.” ■
O F Pack felt compelled to forward integrate and consider our place in the entire life cycle of packaging.”