Walki Group, through its startup investment initiative Walki Ventures, has invested in Finnish start-up The Paper Lid Company (‘TPLC’). TPLC’s sustainable paper lid manufacturing site in Masku, Finland, is ready for scaling up production volumes supported by Walki’s material conversion and printing capabilities.
According to Walki, TPLC has developed a unique way of manufacturing high-quality recyclable paper lids. The lid fits firmly to the cup, has a pleasant touch and feel, can be custom printed and comes at a competitive price compared to plastic alternatives.
The raw material for the lids is produced with dispersion coating technology that makes the lid recyclable in paper waste streams.
Matti Salonoja, CEO and co-founder of TPLC, said, “We are very excited to partner with Walki and get access to the resources that come with this partnership. Raw material plays a very important role both in our production process and quality of the end product. With Walki’s material know-how, printing capabilities, and other support, we are ready to start supplying the market in a larger scale.”
Walki noted that it will support TPLC in several areas, including development of recyclable raw material for the lids and printing services for custom and single-color printed lids. TPLC will also become a member of Walki’s R&D Community, helping the company to articulate sustainability benefits towards the customers in a fact-based manner.
Walki is an international group organized in three business areas: Consumer Packaging, Industrial Packaging and Engineered Materials. The Group has production facilities are located in Finland, Germany, Belgium, France, Spain, the UK, Poland, Russia and China.
SOURCE: Walki Group