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Post Sanctions Iran Spells Big Opportunity for Global Packaged Food & Beverages Companies

Published on February 10, 2016 by in PET News

The lifting of sanctions in Iran is expected to attract a number of global packaged food and beverages companies. Iran has 80 million consumers that is a huge market for these companies.

Several companies from the UK, New Zealand, US and Europe are vying for a share of this market.

Dairy is one sector that is expected to attract new players. Iran is among the world’s top ten fastest-growing dairy markets (according to Euromonitor data). Currently, the country’s dairy market is dominated by local players such as Pega Dairy and Solico Food. However, global brand Danone has been in the Iranian dairy sector since 2007 via a JV with local player – Sahar, despite the sanctions.

Lifting of the sanctions can help consumers have access to newer dairy products from European countries and the US, which account for the largest dairy regions in the world. New Zealand based dairy major Fonterra also plans to leverage on Iran’s dairy opportunity.

There are also players such as Saudi Arabia based Savola, that supplies edible oils and ghees to the Iranian market.

Nestle also operates out of Iran from its local factories in Qazvin and Polour where it produces infant cereals and formula and bottled water for the market.

The opening of the market will also intensify competition between new entrants and domestic players. The competition will also be influenced by factors such as inflation, spending power of consumers and other market factors.

The dominant local grocery stores account for a major share of the market. New hypermarkets and supermarkets have to compete with these traditionally popular stores to grab a share of the market.

More on new opportunities in Iran will be discussed at Iran PET (Iran PET Market, Applications & Recycling) on 11-12 April, 2016 in Tehran.

Contact Ms. Hafizah at hafizah@cmtsp.com.sg or call +65 6346 9218 for more information.

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Seven & i Holdings Promotes Recycled PET across Stores in Japan

Published on January 22, 2016 by in PET News

Seven & i Holdings has started to promote green packaging materials across its stores in Japan. Last year, it introduced recyclable trays in Ito-Yokado – its Japanese general merchandise store. Approximately 500 types of recyclable tray were introduced that marked an increase of 6% year on year by weight. This resulted in a CO2 emissions reduction of about 2,699 tons. The stores also use bioplastic containers to sell cut fruits and boxed lunches.

Moreover, the original ‘Salad Cup Container’ (sold in the chilled cases of Seven-Eleven Japan stores) were also replaced with recycled or biomass PET containers. The complete replacement is expected to be completed by end February, 2016.

It also installed automatic PET bottle recovery machines across Ito-Yokado, York Benimaru, and York-Mart. People can insert the PET bottles into the automatic recovery machines in the stores and they are then automatically cleansed of foreign matter and compressed/ crushed. This enables rPET manufacturers to obtain high-quality PET bottle chips. Moreover, it also helps to reduce transportation costs as the volume of crushed/compressed PET is much lesser.

The company also plans to use the collected recycled PET bottles and use them in packaging for Seven Premium private brand products.

7 & I Holdings will present its CSR initiatives and approach to sustainability at CMT’s 2nd JPET (Japan PET Resin Trade, Applications & Recycling) Summit on 15-18 March, 2016 in Tokyo.

Contact Ms. Hafizah at hafizah@cmtsp.com.sg or call +65 6346 9218 for more information.

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ArKay Beverages Gets Approval to Export Soft Drinks to Iran

Published on January 11, 2016 by in PET News

Following the July 14 nuclear agreement between Tehran and world powers that allows the lifting of sanctions on Iran, the US has granted approval for soft drinks exports to Iran.

A distribution contract signed in September between ArKay Beverages and Sonateb Parsian Ltd was approved by the US recently.

ArKay Beverages that is headquartered in Florida, produces alcohol-free drinks. The approval allows export and re-exports of soft drinks from the US to Iran.

ArKay will export soft drinks to Iran and will benefit from accessing the Iranian market that has about 100 million consumers.

Since the 1990s, when the sanctions were imposed on Iran, US corporations were prohibited from exporting their beverages to Iran.

More on the post sanctions developments in Iranian beverages and packaging sector will be discussed at IRANPET (Iran PET Market, Applications & Recycling) on 11-12 April, 2016 in Tehran.

Contact Ms. Hafizah at hafizah@cmtsp.com.sg or call +65 6346 9218 for more information.

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Mitsubishi Plastics to Supply Plastic Bottles to Kirin for Beer Packaging

Published on November 30, 2015 by in PET News

Japan’s Mitsubishi Plastics Inc. will supply 1 liter plastic bottles to Kirin Co. – Japan’s major brewery.

Wines and sakes in Japan were available in plastic bottles since 2010. But this is the first time a major brewery is using these bottles for beers.

Use of plastic bottles is rare for beers as there is high chance of permeation of gases including oxygen and carbon into the content, which can alter the taste of beer.

Mitsubishi Plastics has used a coating inside the bottles – a thin carbon film that makes them 10 times better at preventing the loss of oxygen, thus preventing deterioration of beers.

However, beer in plastic bottles will not be available in Japan’s supermarket shelves anytime soon.

Kirin plans to use the plastic bottles for a special beer delivery service. The bottles will be sealed inside a package during distribution to avoid sunlight induced changes to its taste.

Mitsubishi Plastics is also planning to produce bottles for small-sized craft beer makers and local brewers. However, the company has to come up with ways to shield the bottles from sunlight before they can be used more widely.

More on PET bottles for alcohol will be discussed at 2nd JPET (Japan PET Resin Trade, Fibers, Applications & Recycling/RPET) on 16-18 March, 2016 in Tokyo.

Contact Ms. Hafizah at hafizah@cmtsp.com.sg or call +65 6346 9218 for more information.

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Reliance Introduces Green Fibre

Published on November 3, 2015 by in PET News

Reliance Polymers – a subsidiary of Reliance Industries Ltd, has launched a green fibre that is manufactured from post-consumer PET bottles.

Named Recron GreenGold fibres, it is said to be one of the greenest fibres in the world. The fibre emits less Co2 and reduces dependence on fossil fuels and natural resources as it is produced from used PET bottles that otherwise end up in landfill, oceans or are incinerated.

Reliance has claimed that the fibre’s performance is equivalent to that of virgin polyester fibre.

The GreenGold fibres uses a dry colouring process instead of a wet one. The process avoids an extra dyeing process by adding colours with the raw material itself.

This makes it suitable for both apparel and technical textile players to offer certified green end-products.

More on Reliance’s PET & Polyester market initiatives will be shared by Rakesh Gaur, Sector Head – Polyester with Reliance Industries Ltd at 5th PET Asia Outlook on 18-19 November, 2015, in Bangkok.

For more information email Ms. Hafizah at hafizah@cmtsp.com.sg or call +65 6346 9218.

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