MOSCOW (MRC) -- Essentra Components has agreed a new sustainable supply deal with Dorset-based rigid tube manufacturer Iracroft to save 2.5 million parts going to landfill by using LDPE products that can be chipped and recycled, said Interplasinsights.
The programme requires all components to be packaged and protected with more sustainable parts that can be recycled and re-enter the supply chain to reduce wastage. To overcome the challenge, Essentra Components has agreed to supply Iracroft with up to 2.5 million LDPE tear caps offering the same level of product protection whilst being easily recyclable, enabling Iracroft to maintain the structural integrity of its original parts.
Iracroft will in turn recycle all parts supplied through a circular chipping process, meaning all plastic will return into the manufacturing process as new products.
Richard Sederman, Strategy and M&A Director at Essentra Components, said: “This programme will act as a crucial use case for circular manufacturing processes. Utilising recycled content within our products is a great step forward and saves several tonnes of carbon emissions, but the true measure of success will be seeing products you originally manufactured with one purpose, return to a customer as something entirely different. Iracroft have been leading the charge in ensuring the supply chain makes significant moves towards net-zero, and we’re proud to have worked alongside them to offer a solution."
The off-the-shelf solution adopted by Iracroft has also enabled its customers to save time in processing products due to its tear-off design, as well as taking advantage of shorter lead times due to quicker fitting and delivery times. Iracroft’s Company Secretary and Director, Alan Webb, added: “Essentra Components jumped into action with advice on how we could achieve sustainability, and provided samples and other resources. The fact that the solution was off-the-shelf proved invaluable in enabling us to work with the minimum of disruption. This could be a real game-changer for our customers and our own business."
As per MRC, Plastic, fiber, foam and packaging specialist Essentra plc has completed the acquisition of Specialty Plastics, a distributor of protective plastic products based in Perth, Australia. Essentra Chief Executive Colin Day said the deal adds a distribution site on Australia’s west coast to Essentra’s existing facility in Sydney. Terms of the deal were not disclosed. Specialty Plastics serves customers in end markets including hydraulics, fabrication, construction and mining.