Elopak and Nippon Paper Industries Co., Ltd have reached an agreement for Nippon Paper to produce and sell Elopak’s range of Pure-Pak packaging for liquid food and beverage products worldwide and introduce them to the Oceania region.
The two companies have worked closely together for many years. In March 2016 they signed a product licensing agreement that allows Nippon Paper to manufacture and sell certain Pure-Pak cartons in Japan. When Elopak listed on the Oslo Stock Exchange in June 2021, Nippon Paper entered into a cornerstone agreement to acquire shares equivalent to 5.0% of the share capital. In January 2022, the two companies also signed a Memorandum of Understanding (MoU) to strengthen partnership and advance collaborative efforts in the field of liquid-paper packaging.
The new license agreement will leverage the technological capabilities and innovation of both companies to pursue new business opportunities in the Oceania region, particularly in Australia and New Zealand where population growth and domestic demand are rising. It will also further promote the transition away from plastic towards more sustainable, low carbon packaging solutions for chilled liquid beverages.
Said Thomas Körmendi, CEO, Elopak, commenting on the license agreement: “We are delighted to be announcing this latest collaboration with Nippon Paper, which is an important step in driving forward our growth strategy as a company. Given our established track record of working together, we are uniquely well positioned to deliver for customers in the region.”
Added Yasuhito Obayashi, Nippon Paper Managing Executive Officer and General Manager of Paper-Pak Sales Division noted: “We are pleased to be working with Elopak to meet the rising demand for sustainable packaging in the Oceania region and supporting customers to transition from plastic bottles to cartons. We look forward to jointly leveraging our extensive experience and strengths to promote and deliver renewable, low carbon solutions.” For more visit Elopak.com