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Packaging company Huhtamaki has launched a 100 per cent renewable paper cup for hot and cold beverages, ice cream, and take-away food.

Called Future Smart, the cup has a renewable bio-based coating and is made entirely from plant-based materials.

It uses paperboard from PEFC-certified sustainably managed forests and a newly developed plant-based polyethylene as a moisture barrier coating.

The company says it chose to move forward by substituting fossil oil-based plastics with fully renewable materials.

Food & Drink Business

Fonterra Co-operative Group has completed the sale of Mainland Group to French dairy giant Lactalis, closing a divestment process that began in mid-2024 when the co-op announced a strategic shift to become a pure-play global B2B dairy provider.

A potential combination of the world’s second and fifth largest spirits companies would create a $43.6 billion (US$30 billion) global player, second only to Diageo.

Tongala Nutrition has received a $1.5 million government grant through the new $150 million Victorian Investment Fund. The funding will support the company’s expansion, creating more than 40 new jobs in the region.