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Innovia Films is refocusing its research and development efforts on high-barrier materials, with plans to produce a range of new Biaxially Oriented Polypropylene (BOPP) products.

The first to market will be high barrier metallised films, followed by AlOx clear high barrier films and coextruded oxygen barrier films, according to global business manager Stephen Langstaff.

“We are very close to bringing these assets on stream and have already been working hard to develop new films that will help to extend the shelf life of a range of products, thereby reducing food waste," he said. 

"What is also exciting is that we will be developing options that will allow pack simplification, by removing/ replacing layers within lamination materials that restrict recycling.

"They will also assist in the production of mono layer materials for different applications that will enable them to be more easily recycled and be included in circular economy packaging design processes.”

Discussions under non-disclosure agreements with key brands are already underway to establish opportunities and map out specific requirements.

Food & Drink Business

The New South Wales government has established its $25 million Agriculture Industries Innovation and Growth Program to increase uptake of innovative technology and equipment in the local agriculture sector. Applications close 23 January.

The Western Australian government has announced recipients for round seven of its Agrifood and Beverage Voucher Program, offering a share of $680,000 in funding to small-to-medium food and beverage companies.

Treasury Wine Estates has flagged softer near-term earnings as category conditions weaken across key markets, while outlining a broad reset of inventory, capital structure and operating costs under newly appointed CEO, Sam Fischer.