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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

Tasmanian premium food manufacturer Pure Foods Tasmania (ASX: PFT) says a year of restructuring and cost discipline is beginning to stabilise the business, with improved margins, expanding retail distribution and several months of positive operating cashflow recorded in the first half of FY26.

Endeavour Group has reported modest sales growth but weaker earnings for the first half of FY26 as the liquor and hospitality giant stepped up price investment and accelerated capital spending across its network.

Bulla Dairy Foods CEO, Allan Hood, has stepped down after 12 years of leadership within the company. James Downey, a fifth-generation member of one of Bulla’s three founding families, has taken up the role of acting CEO.