WarehousingIreland.ie – Cabka & CHEP sign multi-year contract for supply of reusable containers out of recycled plastics

Cabka & CHEP sign multi-year contract for supply of reusable containers out of recycled plastics

Oct 15, 2022 Warehousing Ireland News, Storage, Warehousing Comments Off on Cabka & CHEP sign multi-year contract for supply of reusable containers out of recycled plastics

Cabka N.V. a leading integrated circular production company, listed at Euronext Amsterdam, has signed a long-term supply agreement with CHEP to supply reusable containers out of recycled plastics starting 2023.

The agreement leverages on Cabka’s extensive product development, material, and processing know-how. The container solution is fully customized to CHEP’s performance requirements and is set to maximize the use of recycled materials facilitating a fully circular approach. Delivery of the first volumes is anticipated for mid-2023. Over the full term, the contract will contribute approximately EUR 9 million in revenues per year.

As one of the world’s most sustainable logistics businesses, CHEP is pleased to partner with Cabka and introduce these sustainable solutions. CHEP is committed to zero waste, a pledge that includes innovating more closed-loop products and aspiring to use 30% recycled or upcycled plastic waste by 2025.

Tim Litjens, CEO of Cabka commented: “The contract with CHEP promotes Cabka’s strategic objective of developing high value-add logistic products, aimed at maximizing durability and use of recycled plastic. After signing a similar contract with US-retailer Target earlier this year, this new long-term agreement accentuates Cabka’s leading edge in customized solutions.”