Dow, Ring Container Tie Up To License PacXpert Technology

The Dow Chemical Company’s (NYSE:DOW) business unit -- Dow Packaging and Specialty Plastics -- announced that it will be collaborating with innovative packaging convertor, Ring Container Technologies, to license PacXpert Technologies.

The packaging is lightweight, which offers a fitment closure and integrated ergonomic dual handles for precision pouring, easy reclosing and convenient carrying. PacXpert Technology can be utilized for a number of household, institutional and industrial applications. Though the package is flexible, it can stand upright on its side.. The technology has also received various awards such as the SPE and Plastics Europe 2016 Innovation Award, R&D Magazine’s 100 Awards for the most significant inventions in 2015 and a Silver Edison Award in the Food and Beverage category.

PacXpert Packaging Technology is Dow’s global trademark for this technology.

The share price of the company rose 0.6% following the news and closed at $52.19 on Jun 16.

Recently, Dow also unveiled the new RecycleReady Technology which allows the recyclability of polyethylene-based barrier packaging, as part of existing grocery store drop-off recycling programs.

RecycleReady Technology is created in alliance with Sustainable Packaging Coalition (SPC) and other industry members. This technology helps the converters to create barrier pouches that provide more recyclable packaging options to consumers. The technology, which is a major advancement, enables the recycling of packaging for products like granola and nuts, which was not possible earlier in flexible packaging.

Dow Chemical currently has a Zacks Rank #3 (Hold).

Some better-ranked companies in the chemical space include Albemarle Corporation (NYSE:ALB) , BASF SE (OTC:BASFY) and Akzo Nobel N.V. (OTC:AKZOY) , all of them sporting a Zacks Rank #1 (Strong Buy).