BillerudKorsnäs Secures 10 Percent Stake in EcoXpac
BillerudKorsnäs strives to develop entirely new packaging concepts that can challenge plastic, glass and aluminium. One such concept is to produce a bottle completely made of paper. Photo courtesy EcoXpac.
Jan. 11, 2016 - BillerudKorsnäs announced that it has purchased a 10 percent stake in the Danish packaging innovation company EcoXpac. EcoXpac is based in Denmark and specializes in advanced 3D-forming of fiber-based structures. The company was founded in 2005.
BillerudKorsnäs said the investment strengthens its competence in formable packaging and forms the foundation for collaboration, which is part of BillerudKorsnäs commitment to innovation to solve the packaging challenges of the future.
In a written statement, BillerudKorsnäs said, “BillerudKorsnäs has in addition to a solid foundation in innovation, including the continuous development of our existing materials and solutions, also an ambition to take on a number of larger, more fundamental and long-term challenges in the packaging sector. This is done in order to find solutions and develop entirely new packaging concepts that can challenge plastic, glass and aluminium. One such concept is to produce a bottle completely made of paper. Through collaboration and by combining the knowledge and experience of BillerudKorsnäs and EcoXpac the aim is to achieve this.”
Magnus Wikström, SVP Technology & Strategic Development at BillerudKorsnäs, commented, “Innovation is a key factor in further strengthening our business in the long term but also a way for us to challenge conventional packaging for a sustainable future. Therefore it is natural for us to aim high in a number of well-chosen development projects and take on real challenges that can have a big and long term positive impact on our business and our contribution to a more sustainable world.
“Although the investment in EcoXpac is small in financial terms compared to the size of BillerudKorsnäs, it creates conditions for success for the innovation challenges we now take on."