ESPOO, Finland, Jan. 7, 2020 (Press Release) -Walki Group has entered into a license agreement with Smart Planet Technologies, for the use of Earth Coating in a number of next generation environmental packaging applications. Earth Coating™ is a plastic reduction technology providing superior performance and improved recyclability for all types of plastic, paper, and paperboard packaging applications.
With this technology Walki takes a big step towards a zero-waste future. Today above 80% of our products are made out of renewable or recyclable materials. Our goal is to reach 100 % by the year 2030.
“The technology agreement will contribute to accelerating some of the developments Walki is working on and further expanding our versatile Zero Waste Future Platform providing sustainable barrier solutions for our customers”, says Annika Sundell, Executive Vice President, Innovation
The license agreement is valid for the European markets and covers seven product application verticals, spanning from board packaging to flexible packaging.
About Walki Group
Walki Group is a leading, international producer of engineered materials and protective packaging materials, specializing in the production of fiber based, intelligent, multi-laminate products. Our production facilities are located in Finland, Germany, the Netherlands, Belgium, Poland, the UK, Russia and China. To best cater to our global customers, we aim to continue investing in state-of-the-art production facilities and promoting our tradition of innovation and exceptional service worldwide. Walki’s annual net sales for year 2019 is approaching 400 million Euros and the company has a workforce of about 1100 people.
About Smart Planet Technologies
Smart Planet Technologies is a global consumer and industrial packaging engineering company offering new environmental solutions to stakeholders and the packaging industry. Earth Coating technology enhances sustainability through plastic reduction and improved recycling. Earth Coating is fully commercialized in the United States, Asia and Europe. It is currently used in high volume consumer packaging products such as cup stock, foodservice, boxboard, flexible packaging, barrier liners, and wet labels.