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Stock impact report

Origin Materials and Bachmann Group to Mass Produce PET Caps and Closures

Origin Materials, Inc. - Class A (ORGN) 
US:NASDAQ Investor Relations: origenfinancial.com
Company Research Source: Business Wire
Origin’s cap production lines, the first of which is expected to come online during Q4 2024, are designed to mass produce caps and closures made with virgin or recycled PETOrigin’s sustainable PET caps and closures enhance recycling circularity, enable "mono-material” containers, cap tethering, lighter packaging, and improved product shelf life WEST SACRAMENTO, Calif. & HOCHDORF, Switzerland--(BUSINESS WIRE)--Origin Materials (“Origin”) (NASDAQ: ORGN, ORGNW), the world’s leading carbon negative materials company with a mission to enable the world’s transition to sustainable materials, and Bachmann Group (“Bachmann”), a leading packaging production and logistics company, announced a strategic partnership to mass produce PET caps and closures.In Bachmann’s existing world-class European manufacturing facilities, Bachmann and Origin will operate the lines to convert virgin and recycled PET into caps, including tethered caps, using high-speed equipment and automation. Origin’s caps are Show less Read more
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