Splash Partners With Natur-Tec To Pioneer New Sustainable Garment Packaging Solution
October 11 2018 - 8:00AM
Splash, a prominent fashion retailer in the Middle East and India,
and a brand owned by the Landmark Group, has partnered with
Natur-Tec, a business unit of Northern Technologies International
Corporation (“NTIC”) (Nasdaq: NTIC), to pioneer a new sustainable
biopolymer-based packaging solution in the Middle East and South
Asian region.
The brand’s 80 million polybags a year have been
replaced with “bioplastics” - a biobased and compostable plastic
alternative to conventional plastics. The biobased carbon is
helping reduce 298 Tons of carbon dioxide emissions a year. At the
end of useful life, these eco-friendly bags are safely and
completely digested (biodegraded) by macro- and micro-organisms in
natural composting and soil disposal. This approach reduces the
carbon footprint of the company’s packaging and provides for an
environmentally responsible end-of-life through composting. The
company’s new approach is in line with the Circular Economy model
and eliminates leakage into the ocean environment and
landfills.
Use of conventional plastics such as
polyethylene and polypropylene are facing harsh societal and
political criticism due to environmental and waste-disposal
concerns. As widely reported in print, electronic, and social
media, these non-degradable plastics find their way into the oceans
and negatively affect marine eco system and habitats. As a result,
demand for certified biodegradable and compostable packaging is
expected to become the norm.
“This alliance promises to bring significant benefits to both
parties," said Mr. Vineet Dalal, Vice President for NTIC.
“Natur-Tec has internationally recognized expertise and patented
technologies in the bioplastics space, while Landmark Group is a
global leader in the Retail and Hospitality segments with a
dominant position globally. The combination of these unique and
complementary capabilities, has allowed us to develop an innovative
biopolymer-based packaging solution.”
About Splash/Landmark Group
Headquartered in Dubai, Splash is the Middle
East’s largest fast fashion retailer and part of the Landmark
Group, one of the biggest retail conglomerates in the Middle East,
India and Africa. Founded in 1993 as a single brand store in
Sharjah, Splash currently operates over 230 stores across 13
countries. Showcasing popular collections & accessories for
men, women and teens, Splash’s existing product portfolio includes
a uni-brand concept across its stores providing a comfortable and
easy shopping environment. Alongside, the brand also houses a gamut
of international brands under its portfolio celebrating fashion in
its true sense with its tagline 'In Love with Fashion'.
About Northern Technologies International
Corporation
Northern Technologies International Corporation
develops and markets proprietary environmentally beneficial
products and technical services either directly or via a network of
subsidiaries, joint ventures, and independent distributors in over
50 countries. NTIC's Natur-Tec® branded products are engineered
using proprietary blends of biodegradable polymers and natural
materials to create biobased (renewable resource based) and
certified compostable plastics. The broad Natur-Tec bioplastics
portfolio spans flexible film, foam, rigid injection molded
materials, and engineered plastics. By using Natur-Tec products as
an alternative to conventional plastics, industry and consumers
reduce their carbon footprint and move towards a zero carbon or
carbon neutral footprint. It also provides for environmentally
responsible and sustainable end-of-life solutions. For more
information on Natur-Tec and Northern Technologies International
Corporation, visit www.natur-tec.com.
Investor and Media Contacts: Matthew Wolsfeld,
CFO
(763) 225-6600
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