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About Plastipak
Industries
Food & Agriculture
Industrial & Manufacturing
Consumer Goods
Company Size
1,001-5,000
Company Stage
Debt Financing
Total Funding
N/A
Headquarters
Plymouth Township, Michigan
Founded
1967
Overview
Plastipak specializes in producing plastic packaging solutions, particularly lightweight PET bottles, using advanced hot fill injection blow molding technology. This process creates durable packaging for various liquid products, making them shelf-stable. The company stands out from competitors by focusing on sustainability through its "bottle to bottle" recycling approach, which recycles used bottles into new ones, significantly reducing waste. Plastipak tailors its packaging solutions to meet the specific needs of a diverse clientele, ranging from large corporations to smaller businesses, and enhances its operations with logistics services through its affiliate, Whiteline Express. The company's goal is to lead the plastic packaging industry by prioritizing consumer needs and driving technological advancements while maintaining a strong commitment to sustainability.
Simplify's Take
What believers are saying
- Growing demand for sustainable packaging boosts Plastipak's market position and innovation.
- Partnership with LanzaTech reduces carbon footprint in PET production, enhancing sustainability.
- Expansion of recycling centers, like in Toledo, Spain, aligns with circular economy trends.
What critics are saying
- Leadership transition as CEO William C. Young steps down may cause strategic shifts.
- Patent litigation risks, highlighted by the 2020 lawsuit against Premium Waters.
- Increased competition in the plastic aerosol packaging market from major players.
What makes Plastipak unique
- Plastipak leads in sustainable packaging with its 'bottle to bottle' recycling approach.
- The company offers custom packaging solutions tailored to diverse client needs globally.
- Plastipak's innovative SprayPET Revolution is a fully recyclable, metal-free aerosol container.
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Benefits
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Company News
Plastipak is a finalist in this year's Sustainability Awards with its SprayPET Revolution aerosol container, said to be fully recyclable and metal-free.
Michigan-based packaging and recycling company Plastipak announced that founding president and CEO William C. Young will step down after 57 years.
In November 2022, Plastipak celebrated the opening of its newest recycling center at its manufacturing site in Toledo, Spain.
October 2022: Plastipak, a global leader in packaging, launched SprayPET, a recyclable polymer aerosol.
A specialist in converting carbon emissions from industrial processes into high-value products via a continuous microbial fermentation process, Illinois-based LanzaTech started out as a fuel company, but is also seeking to make waves in new areas from packaging to food. AgFunderNews (AFN) caught up with chief sustainability officer Freya Burton (FB). AFN: In a nutshell, what does LanzaTech do?. FB: Essentially, we ferment gases instead of sugars, primarily to make ethanol that can be used as a building block to make lots of other things. So in the case of our recent partnership with Plastipak, the ethanol is converted into ethylene, ethylene oxide, and then monoethylene glycol [MEG] which is used to make PETā¦ so thatās how we get from pollution to packaging
Plastipak is Hiring for 20 Jobs on Simplify!
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About Plastipak
Industries
Food & Agriculture
Industrial & Manufacturing
Consumer Goods
Company Size
1,001-5,000
Company Stage
Debt Financing
Total Funding
N/A
Headquarters
Plymouth Township, Michigan
Founded
1967
Plastipak is Hiring for 20 Jobs on Simplify!
Find jobs on Simplify and start your career today