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August 26, 2020 08:30 AM

Kickstart: This half will not be easy

Rhoda Miel
Managing Editor
Plastics News Staff
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    This half will not be easy

    How hard is it to reach the halfway point? When it comes to the recycling of plastics packaging in the U.S., 50 percent is very, very, very hard. And yet as Steve Toloken writes, the new U.S. Plastics Pact aims to do just that, and to do it within 20 years.

    Just to be clear, right now the recycling rate sits at 14.7 percent, and that includes PET bottles, which have a well-established recycling stream. Despite that, PET only hits 30 percent for a recycling rate.

    The backers of the Plastics Pact are some very heavy hitters, from Coca-Cola, Unilever, Clorox, packaging giant Amcor and a range of industry groups, including the Association of Plastic Recyclers and the National Association for PET Container Resources. (But not, notably, the American Chemistry Council or Plastics Industry Association.)

    But it's one thing to set targets. The real work will be creating a road map to get to that target, then actually traveling along that road and making it past all of the complications that work involves, potentially including bottle bills and extended producer responsibility requirements.

    Steve Toloken has a lot more detail on the Pact.

    "This effort will ensure that brand companies will be publicly held to achieve the sustainability commitments they have made," said APR President and CEO Steve Alexander. "There has never been another program like this."

    Motherson Group
    Sehgal
    Motherson is on the hunt

    India-based auto supplier Samvardhana Motherson Group is making some big plans for growth through mergers and acquisitions, aiming to claim a spot as one of the top global auto suppliers.

    "Somewhere around October, November, you will start to see and hear that we're going ahead and taking over companies," co-founder Vivek Chaand Sehgal said in an interview with Bloomberg News.

    Motherson Group has experience with growth through acquisition. Between 2002 and 2015, it made 14 acquisitions, with its biggest purchase the 2011 buy of former German auto molder Peguform GmbH, which brought it extensive mirror business in the region.

    BARRON CLAIBORNE
    Bidding on a notorious piece of rap history

    Next month, you have a chance to buy an iconic piece of plastic: the prop crown worn by rapper Notorious B.I.G. during his King of New York photo session in 1997, just three days before he was killed.

    The crown is part of an auction "celebrating the history and cultural impact of hip-hop" run by Sotheby's and set for Sept. 15.

    A portion of the proceeds will go to the Queens Public Library Foundation.

    Photographer Barron Claiborne has owned the crown since the photos were taken. It was one of two crowns Claiborne brought to the shoot.

    "One was far too small, and in order to make the now-legendary crown fit, the interior foam cushioning had to be removed," Sotheby's wrote in its description of the sale.

    Sotheby's estimates the crown will sell for up to $300,000.

     

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