Promoting Environmental Packaging Materials
FENC has long been exporting PET resin to the North American market. In 2018, the Company’s production business branched into the U.S. for the first time with the acquisition of APG Polytech, LLC, a manufacturer of PET resin. The acquisition of rPET manufacturer, Phoenix Technologies International, LLC, in 2019 gives FENC a competitive edge in terms of locality to supply the large U.S. domestic market.
To stay informed on industry development and help the North American division promote circular economy, FENC joined two major industry associations, the National Association for PET Container Resources (NAPCOR) and the Association of Plastic Recyclers (APR). Members of NAPCOR are located in North America. The association educates the markets about benefits of using PET as packaging materials and helps governments address any inadequacies in existing recycling systems. NAPCOR also endorses the value of PET packaging in circular economy. Most of the APR members are from the recycling industry in North America. The association advocates recyclable packaging design, improving quality of recycled raw materials, as well as testing and promoting recyclable packaging materials. APR also provides the latest industry news to its industry members.
FENC attends the regular member meetings to explore feasible proposals to increase the U.S. recycling rate. Working with industry peers, we trade the latest market information; provide recommendations to governmental entities with corporate members; promote the use of recyclable food packaging and user guidelines for these packaging materials.