Pinnpack Packaging News Today : Breaking News, Live Updates & Top Stories | Vimarsana

March 8, 2021 Production at all three of US-based CarbonLite’s facilities – in California, Texas and Pennsylvania – and its Californian thermoforming business PinnPack Packaging, will continue as usual without interruption, as will payment of all employees. Layoffs are not under consideration. There will be no stoppage of supply to CarbonLite’s customers during the reorganisation period. Pressures directly related to the coronavirus pandemic contributed to CarbonLite’s decision to reorganise. This included temporary production slow-downs caused by employee illness, the low price of ...

PET recycler CarbonLite files for bankruptcy CarbonLite Holdings LLC CarbonLite says travel restrictions related to COVID-19 slowed the opening of a Pennsylvania facillity, adding to the business conditions that prompted the company to enter bankruptcy. PET bottle recycler CarbonLite Holdings LLC announced March 8 that it has filed for Chapter 11 bankruptcy, citing economic fallout from the COVID-19 pandemic. The Los Angeles-based company, which calls itself the world's largest producer of post-consumer PET resin, said in a statement the filing covers the company's three production plants in ...