Press release
- TBM
TBM Concludes Sales Agreement for LIMEX Pellet (Injection Molding Grade) with PT. Kemas Indah Maju, Indonesia's Largest Cosmetic Container Molding Manufacturer
- Contributing to the needs of major global cosmetics brands to reduce petroleum-based plastics and greenhouse gases -
TBM Co., Ltd., Ltd. (Headquarters: Chiyoda-ku, Tokyo, CEO: Nobuyoshi Yamasaki, hereinafter referred to as TBM) is PT. We are pleased to announce that Maju (Headquarters: Indonesia, President Director: Urip Tjendera, hereinafter referred to as PT. Kemas) has signed a sales contract for the injection molding grade of "LIMEX Pellet" for cosmetic containers.
LIMEX Pellet, which contains more than 50% inorganic substances such as calcium carbonate, can reduce the amount of petroleum-based plastic used by up to 37% compared to petroleum-based plastics, and reduce CO 2 emissions, which are a factor in climate change, by up to 28%. can be suppressed. *1 Limestone, the main raw material of LIMEX, has less price fluctuations than petroleum, so it is possible to provide it at a stable price. It can be used as an alternative material. In addition, since LIMEX is mainly made of limestone, it is possible to achieve a matte, luxurious texture and a profound feeling, and it is planned to be adopted by major global cosmetics brands.
In order to meet the accelerating needs for reducing environmental impact in the cosmetics industry, we have taken into account the quality of domestic and global major cosmetics brands handled by PT. We have concluded a sales contract for LIMEX Pellet for (compacts, cosmetic jars, injection molded products such as lips). In the future, we will contribute to solving the environmental problems faced by the cosmetics industry through the spread of cosmetic containers that use LIMEX Pellet.
*1 TBM survey | Calculation range: Raw material procurement to disposal (incineration) | Figures are reference values, not guaranteed values.
Overview
Environmental issues such as climate change, resource depletion, and water resource crises are progressing rapidly around the world, and it is imperative that we respond to them not only at the national level but also at the corporate level. Each country has its own regulations on plastics, and 170 countries *2, including Japan, have banned or restricted the use of plastic products. On the other hand, due to population growth and economic growth in emerging countries, the global plastic resin market size is expected to grow at a CAGR of 4.5% from 2020 to 2027, reaching $522.5 billion by 2027 *. 3. It is said that 12 billion cosmetic containers (units) are disposed of annually around the world, most of which are not recycled *4. In order to change this situation, the cosmetics industry is promoting various measures such as recycling cosmetic containers, using recycled materials, and proposing refill packages.
Injection molding grade LIMEX Pellet can be molded at existing facilities around the world *5, leading to a reduction in plastic usage and CO2 emissions compared to petroleum petroleum-based. In addition, limestone, which is the main raw material, is more stable in supply than petroleum, and has less price fluctuation (volatility), so it is possible to provide it at a stable price.
LIMEX Pellet Details: https://tb-m.com/limex/products/plastic/
*2World Economic Forum
*3Report Ocean
*4Zero Waste Week
*5 LIMEX is patented in more than 40 countries around the world