VPK Group has entered into an agreement to acquire a majority stake in Zetacarton, an Italian corrugated cardboard company based near Como. With this new step, VPK Group is setting foot in Italy for the first time.
Zetacarton, an Italian company led by the Zanfrini family, is a leading producer of corrugated board packaging including special niche products such as fanfold and big-box packaging.
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Velvet CARE, the consumer tissue producer owned by ESG transformation specialist private equity fund Abris Capital Partners, will slash its CO2 emissions by 46% with an investment of PLN 63 million ($15 million) in a gas-fired combined heat and power plant (CHP).
Central Europe’s fastest-growing consumer tissue maker will build the cogeneration unit at its flagship factory in Klucze, southern Poland. The investment will save 69,000 tonnes of annual CO2 emissions, compared with 151,000 tonnes in Scope 1 + 2 emissions in 2022. That figure includes both direct emissions and indirect emissions related to purchased energy.
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