Growth funding round
EUR 27.5 million growth funding round to enable explosive growth.
First production site
First production site in Europe. Paptic® material available on an industrial scale.
New applications
Fischertechnik replaces the plastic with Paptic® in toy packaging. Familon, a leading Finnish bedding brand, responds to consumer demand for more responsible product packaging by launching a bio-based, easily recyclable package for pillows and quilts. Paptic® is also, used in onion packaging to extend the food’s shelf life.
three production sites
Two new production sites in Europe. Itochu Group invests in Paptic Ltd. and opens new opportunities with distribution deal in Japanese market. Hennes & Mauritz brand COS chooses Paptic® material for t-shirt pouches. Jacob’s Creek vine packed in a luxurious Paptic® bottle bag. Decathlon Singapore starts using Paptic® in their e-commerce mailers.
New funding & Cases
Successful equity round of 5,3 MEUR. E-commerce mailers and bags taken into use at Stockmann. Iconic Moomin mugs packed in Paptic® string bags. First food application case with Fazer.
First large and continuous customer cases
The largest department store in Finland, Sokos replaced all its plastic bags with reusable Paptic® bags.