The Dow Chemical Company DOW recently declared a global innovation and business development agreement with Nordmeccanica SpA − a global leader in coating, laminating and metallizing machinery, for latest packaging technology innovations. The companies foresee great opportunities for the flexible packaging industry by combining adhesive development with machine pioneering.
Both companies will work on new developments through Dow’s Pack Studios in Mozzate, Italy, which will address customers’ adhesive needs through its large space and industry-scale Nordmeccanica Super Combi 3000 laminator line. This world-class equipment helps customers to test, prototype and innovate packaging lamination without disrupting their own commercial production. Similar facilities will also be accessible at other Pack Studios across the globe.
Moreover, both companies are working together to deliver new technologies to the market in 2016. The agreement provides a formal proof of Dow’s strong commitment to the adhesives industry and flexible packaging market through its polyethylene and specialty resin offerings. Through this collaboration, Dow intends to speed up the growth of the flexible packaging industry with efficient material usage and minimize food wastage along the global food supply chain.
Both companies will be showcasing their products at DRUPA 2016, the international trade fair for printing solutions in Düsseldorf, Germany, from May 31 to Jun 10, 2016.
Dow’s shares rose almost 2% to close at $48.10 on Feb 25.
Dow currently carries a Zacks Rank #3 (Hold).
Better-ranked companies in the basic materials sector include Asahi Kasei Corporation AHKSY, Koninklijke DSM N.V. RDSMY and Daqo New Energy Corp. DQ, all sporting a Zacks Rank #1 (Strong Buy).
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