The prolonged disruption of the Strait of Hormuz amid the war involving Iran has constrained shipments of crude oil and naphtha to Taiwan, creating uncertainty for the island’s plastics packaging supply chain.
In response to feedstock delivery delays caused by shipping disruptions in the Middle East, Taiwan’s Formosa Petrochemical Corporation has declared force majeure on select petrochemical supplies
Taiwan’s Formosa Petrochemical Corporation has declared force majeure, while Formosa Plastics has announced production cuts on key petrochemical products.
Taiwanese consumers have been stockpiling plastic packaging products, prompting Costco to impose purchase limits on items.
Costco’s purchase limits cover items such as food storage bags and plastic wraps, effective until April 2.
The prolonged disruption of the Strait of Hormuz amid the war involving Iran has constrained shipments of crude oil and naphtha to Taiwan, creating uncertainty for the island’s plastics packaging supply chain.
In response to feedstock delivery delays caused by shipping disruptions in the Middle East, Taiwan’s Formosa Petrochemical Corporation has declared force majeure on select petrochemical supplies. These include ethylene and propylene, with the company announcing production cuts and suspending new orders.
Meanwhile, due to the disruptions, Taiwanese consumers have stockpiled plastic packaging products, driven by concerns over potential price hikes and shortages.
In an effort to manage demand, Costco Wholesale Taiwan has implemented purchase limits, which started on March 27.
Ten types of packaging sold at Costco Taiwan, including food storage bags, garbage bags, plastic wrap, and zipper bags, will be restricted to one set per membership card.
Sonoco ThermoSafe and American Airlines Cargo are pleased to announce a global partnership lease agreement for the new Pegasus ULD® passive temperature-controlled bulk shipping container. The Sonoco ThermoSafe’s Pegasus ULD® will join the carrier’s fleet of container products in the coming months. With a focus on sustainability, the Pegasus ULD® is engineered with composite materials, offering a lighter solution that is also substantially more damage-resistant than traditional metal containers. The Pegasus is also the world’s first FAA and EASA-approved advanced passive bulk temperature-controlled ULD container for pharmaceutical use, outfitted with real-time tracking and temperature-measuring capabilities.
The new, 41” RMGT 1060 TP LX 10-color CC LD + UV press will replace two existing presses at Colbert’s 170,000-sq.-ft. Kenosha, Wisconsin, facility. An existing Eagle Systems cold foil unit at Colbert will also be transferred to the new press after it is installed in February 2025. Colbert Packaging President John Lackner and CFO Kraig Lang were on hand, along with RM Machinery CEO Rahul Kaushik and other RM Machinery and RMGT executives, to celebrate the order signing at drupa on May 29. Celebrating its 65th anniversary, the independent, woman-owned Colbert Packaging provides paperboard packaging solutions, primarily for the pharmaceutical and healthcare industries.
Inteplast Engineered Films (IEF) has launched InteGreen, a revolutionary family of durable and sustainable films incorporating post-consumer resin, bio-based materials, compostability, and recycle-ready properties. IEF President Bob Stein said, “The IEF team is very excited about officially launching our growing product line under the umbrella of the InteGreen brand. We know how important it is to be responsible to our environment and to provide sustainable product choices as there is no monolithic solution to protecting our ecosystem. Behind our marketing sustainable products under the InteGreen brand are our deep technical, operational, and selling resources that bring answers to customers seeking sustainable solutions.” The InteGreen film line comprises four types: *Film made with PCR (FDA-LNO for food or non-FDA for industrial use) *Film made with bio-based starch for produce, agricultural, and industrial applications *Recycle ready films *Compostable films
