With more than 3,700 dedicated employees in 18 countries, 18 manufacturing locations, nine sales offices, two centers for development and innovation, and with the headquarters located in Dusseldorf, Germany, PACCOR is the leading international player in the packaging industry. We have a great responsibility towards the environment which is our main motivation behind all our activities, decisions, and actions. Hence our vision for the future is to achieve a successful transition to a circular economy, we manage that through employing constant reuse, repair,
remanufacturing, and recycling in order to create a closed-circle system. Additionally, our overall goals include the creation of long-lasting and innovative packaging solutions with the main target of ensuring human well-being, protecting future generations, safeguarding valuable products in the food and non-food markets, and our planet. PACCOR believes that this is the best way to achieve real change in the industry and to create shared value for our society.
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As the leading global player in the packaging industry, PACCOR is committed to establishing a suitable future and developing valuable solutions that we can be proud of. Therefore, our main goal and vision is to achieve a successful transition to a circular economy with a safe, committed, diverse, and capable workforce.
To accomplish our objective, we have implemented multiple adjustments. For instance, as of 2019, all our factories have circular cooling water loop systems, bringing our impact on water bodies to a minimum. As well as, having implemented the “Circular Events” project, which creates sustainability awareness and gives event organizers the opportunity to turn single-use plastic products into valuable resources for future products.
At PACCOR, we know that the implementation of a circular economy is the right step on behalf of future generations. By implementing this change, we will be able to maximize the implementation of practical solutions for circular packaging. As such, PACCOR will create amazing new business opportunities in the EU and beyond.
PACCOR was shaped by a long tradition and a lot of experience. Today, we are the leading international player in the packaging industry, a provider of high expertise, and an essential implementor of advantageous plastic packaging offers. The foundation for our overwhelming success lays in our long journey of mergers and acquisitions.
In order to further develop our know-how and technologies, we acquired many companies from all over Europe and the USA. These mergers and acquisitions allowed the companies advancement by building the utmost comprehensive knowledge about the know-hows and technologies involved in the packaging industry. It allowed us to achieve great results in the creation of effective and sustainable product solutions, providing remarkable value for our customers and our society.
This is the basis for our success today: we can look back on a long history which is characterized by the merger of various individual works and experts, but as a group, we are still relatively young. PACCOR combines the best of two worlds: tradition and innovation.
As of 1999, Huhtamaki, a global supplier of food packaging, bought up several manufacturers of rigid plastic packaging and formed a joint business unit, Huhtamaki Consumer Goods. In 2010, Huhtamaki sold this business to a global investment firm. In 2011, the investor, who at that time already owned the French Veriplast Group and the Hungarian Pannunion, merged all companies into the PACCOR Group. In 2013 the investor decided to bring PACCOR into the Coveris Group. Since that time PACCOR has been operating as Coveris Rigid.
In the same year, Coveris expanded its portfolio by taking over two more companies: Kobusch (Germany) and Closures (USA). In 2014, KubeTech (USA) was integrated as a further company. Coveris sold the Coveris Rigid division to Lindsay Goldberg, a US private equity firm, in 2018. Since then, the company has been trading as PACCOR again. In 2019, the Spanish EDV Packaging Solutions, S.A., joined PACCOR.
Our expertise and competencies allowed us to achieve milestones such as offering circular solutions, where 65% of our packaging range is already recycled in practice and at scale, our target being of producing 100% by 2023. Thanks to our expertise in eco-design, we developed a stealth closure that is 41% lighter than its original design, without compromising product performance. The same design principles and technology are now applied to injection moulded cream-pots. Our specially designed and selected material make our plant-based coffee capsules fully home compostable, recyclable, and can be offered to coffee drinkers.
PACCOR is committed to achieving its goal of a successful transition to a circular economy and has already managed to gain an extensive lead within the industry. Completed through actions such as measuring our carbon footprint by
using a full cradle-to-grave life cycle assessment, our target being of 15% more efficient resource use by 2025. PACCOR has committed to run all its production and non-production sites on 100% renewable electricity by 2023 and to make its surplus energy available to communities around our sites. As of 2019, all our factories have circular cooling water loop systems, bringing our impact on water bodies to a minimum.
We foster long-lasting and honest partnerships with the overall goal of protecting valuable products, future resources, and the economic efficiency of our customers. This is why we are dedicated to protecting valuable products by continuing to providing sustainable solutions that enhance the safety, quality, and convenience of our customers‘ goods.