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Propak Industries will release what it says is Australia’s first 100 per cent post-consumer recycled (PCR) content stretch wrap. The new product is made entirely from recycled content resin, offering a circular solution for pallet security while enabling users to integrate recycled materials into their operations.

The stretch wrap incorporates a traceability feature, with a QR code printed on each box. This allows customers to track the origin of the soft plastics used in its production, supporting transparency and accountability in sustainable packaging.

To further enhance its circular approach, Propak Industries is introducing a closed-loop service for large users of soft plastics. The process involves collecting their soft plastic waste, sorting and cleaning it, converting it back into resin, and manufacturing it into stretch wrap that is returned to the customer for reuse.

Nationwide trials for the 100 per cent PCR stretch wrap will begin in early December, with full commercial availability scheduled for January.

Food & Drink Business

Global yoghurt company, Chobani, has completed a $1 billion (US$650 million) equity capital raise as it plans to expand its manufacturing operations in the US. The raise was advised by law firm Gibson Dunn.

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For more than 35 years, family-owned producer, Gourmet Dairy Co., has been manufacturing sauces, dairy and non-dairy products under its own brands and as a contract manufacturer for some of Australia’s most recognised labels. Now, the company is investing more than $1 million to expand its production capabilities and support new product innovation.