Sustainability and all that
Cabka and CHEP sign contract for the supply of reusable containers
Cabka, a circular economy company listed on Euronext Amsterdam, has signed a long-term supply agreement with CHEP for the delivery of reusable containers made from recycled plastics, starting in 2023.
The cooperation builds on Cabka's expertise in product development, materials and processing. The container solution is tailored to CHEP's performance requirements and enables the use of recycled materials and thus a fully circular approach. Delivery of the first quantities is planned for mid-2023. The contract will generate annual sales of around EUR 9 million over its entire term. CHEP is committed to the goal of reducing waste and aims to develop more closed-loop products and use 30% recycled or reused plastic waste by 2025.
Tim Litjens, CEO of Cabka (pictured): "The contract with CHEP supports Cabka's strategic goal of developing high value-added logistics products that are designed to maximize durability and use recycled plastic. Following the signing of another contract with US retailer Target earlier this year, this new long-term contract underlines Cabka's leadership in customized solutions."
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