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 gas emissions~
TBM Co., Ltd. (Head office: Chiyoda-ku, Tokyo; Representative Director and CEO: Nobuyoshi Yamasaki; hereinafter referred to as TBM) is pleased to announce that it has signed a sales contract for the injection molding grade of "LIMEX Pellet" for cosmetic containers with PT. Kemas Indah Maju (Head office: Indonesia; President Director: Urip Tjendera; hereinafter referred to as PT. Kemas), the largest cosmetic container molding manufacturer in Indonesia, which handles products for major cosmetic manufacturers in Japan and around the world.
LIMEX Pellet, which contains more than 50% inorganic materials such as calcium carbonate, can reduce the amount of petroleum-based plastics petroleum-based plastics, and can reduce CO2 emissions, a factor in climate change, by up to 28%. *1 Limestone, the main raw material for LIMEX, has less price fluctuation than petroleum, making it possible to provide it at a stable price and it can be used as an alternative material to ABS resin and polypropylene (PP), which are used in many cosmetic containers. Furthermore, because LIMEX's main raw material is limestone, it is possible to achieve a matte, luxurious texture and a heavy feel, and it is scheduled to be adopted by major global cosmetic brands.
In order to meet the accelerating need to reduce the environmental impact in the cosmetics industry, and taking into consideration the quality of major domestic and international cosmetic brands handled by PT. Kemas, LIMEX's environmental performance and price competitiveness were highly evaluated, leading to the conclusion of a sales contract for LIMEX Pellet for cosmetic containers (injection molded products such as compacts, cosmetic jars, and lipsticks). Going forward, we will contribute to solving environmental issues facing the cosmetics industry through the spread of cosmetic containers made with LIMEX Pellet.
*1 Research by TBM | Calculation scope: from raw material procurement to disposal (incineration) | Figures are for reference only and are not guaranteed values.
Overview
Environmental issues such as climate change, resource depletion, and water resource crises are rapidly progressing around the world, and it is imperative that national and corporate levels must respond. Each country has its own regulations on plastics, and 170 countries *2 around the world, including Japan, have banned or restricted the use of plastic products. On the other hand, the global plastic resin market size is expected to grow at a CAGR of 4.5% from 2020 to 2027 and reach $522.5 billion by 2027 *3 with population growth and economic growth in emerging economies. It is estimated that 12 billion cosmetic containers are discarded annually worldwide, and most of them are not recycled*4. In order to change this situation, the cosmetics industry is promoting various measures such as recycling cosmetic containers, using recycled material materials, and proposing refillable packaging.
LIMEX Pellet's injection molding grades can be molded in existing facilities around the world *5, leading to a reduction in plastic usage and CO2 emissions compared to petroleum-based plastics. In addition, limestone, which is the main raw material, has superior supply stability compared to petroleum and has less price fluctuations (volatility), so it can be provided at a stable price.
LIMEX Pellet Details: https://tb-m.com/limex/products/plastic/
*2World Economic Forum
*3Porter Ocean
*4Zero Waste Week
*5 LIMEX is patented in over 40 countries worldwide.