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Dow Signs Licensing Agreement with Time Technoplast for PacXpert™ Packaging Technology in India
MUMBAI, India - August 30, 2018 - Dow Packaging and Specialty Plastics (P&SP) partnered with Time Technoplast (Time Tech), a multinational conglomerate with focus on polymer product manufacturing, to develop PacXpert™ Packaging Technology in India. This collaboration enables Time Tech to manufacture PacXpert™ and quickly bring to market various packaging applications to service Indian sub-continent and GCC countries (including Egypt)-based consumers.
PacXpert™ Packaging Technology is an innovative packaging format that enables the transition from larger traditional rigid containers to flexible packaging options. The distinctive flexible stand-up pouch is durable, lightweight, and cost effective. While flexible, the ‘cube-shaped’ package is shelf stable and can stand equally well upright or on its side. It also provides multiple environmental benefits by minimizing content waste, reducing raw materials and offering a higher product-to-package ratio.
Through this award-winning technology, empty packages can be shipped flat, increasing shipping and warehouse efficiency and reducing the carbon footprint of entire value chain. Emptied containers also take up less receptacle space when discarded. Since the amount of material used is lesser, it has higher recyclability value and removes waste removal costs at end of life.
“PacXpert provides consumers with a functional and sustainable packaging solution that can be used for a wide range of applications for India’s rapidly growing consumer market,” said Bambang Candra, Asia Pacific commercial vice president of Dow Packaging & Specialty Plastics. “The collaboration with Time Technoplast will help drive a shift to sustainable flexible packaging that will be good for brand owners, consumers and the environment.”
“Time Tech has been a strategic collaborator for Dow over the past few years and this agreement solidifies our joint commitment and belief in the technology,” said Fabrice Digonnet – Global PacXpert Commercial Director for Packaging Specialty Plastics, “We believe that Time Tech is a key collaborator in proliferating the adoption of PacXpert throughout India,” says Kevin Yang – APAC End Use Marketing Director.
PacXpert has reached 75 packages on the shelf globally, which reaffirms the commitment from Dow, Time Tech and several other industry leaders around the world who are committed to making this packaging technology a success in a variety of different applications.
“We are always excited to work with innovative packaging formats and want to be first in the industry to manufacture the latest designs,” said Anil Jain, Managing Director and CEO, Time Technoplast Ltd. “Our partnership with Dow India combined with our market reach and passion to lead the change, makes us well positioned for making PacXpert a success in India.”
The license agreement was signed at a customer event in Mumbai on August 28, 2018.
For more information, please visit https://www.dow.com/packaging.
About Dow Packaging and Specialty Plastics
Dow Packaging and Specialty Plastics, a business unit of DowDuPont’s Materials Science division, combines core strengths of R&D, worldwide reach, broad product lines and industry expertise to deliver high performing technologies for end use markets in food packaging, personal hygiene, infrastructure, consumer goods and transportation. Dow Packaging and Specialty Plastics is one of the world’s largest producers of polyethylene resins, specialty resins and adhesives, and is a leading innovator and collaborator across the value chain on sustainable application development and circular economy life-cycle design for plastics.
About Dow India
Dow Chemical International Private Limited (Dow India) combines the power of science and technology to passionately innovate what is essential to human progress. The Company is driving innovations that extract value from the intersection of chemical, physical and biological sciences to help address many of India's most challenging problems including the need for clean water, clean energy generation and conservation, and increasing agricultural productivity. With 800+ employees in locations spread across the country, Dow India is continually finding ways to make people's lives healthier, safer and more convenient through exploring sustainable solutions based on technology development and application research in areas of infrastructure, transportation, energy, consumer and, lifestyle.
As a responsible corporate citizen, the company uses its technology expertise and employee volunteerism to partner with the communities in which it operates. Dow continues to support Jaipur Foot through free distribution of prosthetic limbs along with BMVSS, building homes for the underprivileged through 'Habitat for Humanity' and supporting scientific thought and environmental awareness among the future generations through ‘Multiply the Message’ and ‘Mobile Science Lab’ programs. For more, visit www.dow-india.com / http://in.dow.com