Against the backdrop of an increasingly stringent regulatory landscape, for example with the recent introduction of the Plastics Packaging Tax (PPT) in the UK, and in line with our own Sustainable Procurement objectives, TecPac is committed to raising awareness throughout our Supply Chain; both in terms of the sustainability of our products and materials we supply as well as socially compliant supplier practices.
Over the past few years, as part of our continuous product development, we have not only been successful in engineering lighter and technically more efficient materials, which utilise less plastic for the same performance, but we have also managed to increase the recycle content of our materials to as high as 20%.
Mindful of the higher targets now established in the marketplace, our principal production partner has made a number of investments this year in their tape making and coextrusion coating lines which has enabled them to increase the percentage of recycled material (RC) used in the production. Accordingly, we are very pleased to advise that we have successfully succeeded in increasing the RC content to 30%. Equally important to this process, has been identifying a proven and guaranteed source of highest quality clean PP RC that is required to maintain all strength and performance criteria according to existing specifications. Our factory has secured the ongoing supplies from their associate business.
Internally all tests have been completed. Visually and performance wise there will be no change to the products we supply as a result of this development. The technical parameters detailed under our existing Product Specification sheets will remain unchanged. We have full documentation traceability within the whole production process with certificate of conformity stating that the material contains 30% recycled plastic. This will apply to orders manufactured after August 1st 2022 and we have sufficient capacity to cater for our whole supply requirements to the European market.
For materials we supply directly into the UK after August, since the products will contain 30% recycled material, there will be no liability for us to account for PPT. For any pre-packed goods using our new wrap subsequently arriving into the UK, it also means the receiver and importer of those goods will no longer have any liability for PPT.
Sustainable procurement has clearly become a vital consideration for businesses across the globe and we are confident through adopting this development, our customers and in turn their customers, will appreciate the benefits and assistance towards reaching their own sustainability goals.
