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Startup

Paptic

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Headquarters

Finland

Founded Year

2015

Total Funding

$3.6M

Employees

11 - 50

Status

Active


About Paptic

Revolutionary new material made of wood fibres, enabling sustainable companies to shift from plastics to renewable, recyclable and re-usable packaging materials.

Headquarters

02150 Espoo, Finland


General Information on Paptic

Brand name Paptic
Company name Paptic Ltd.
Website https://paptic.com/
Founded year 2015
Employees 11 - 50
Contact [email protected]
+358505987516

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Recent News and Activity about Paptic

Packagingnews.co.uk 05.05.2022
Toy firm replaces plastic with Paptic in construction set pack

The box of the set is made of cardboard. Now it is easy for the consumer to recycle the entire packaging in one recycling stream as Paptic is to be recycled with cardboard and packaging papers. “We are delighted to offer our customers a sustainably complete package, from the product itself to the packaging,” said Jasmin Reich, product manager, fischertechnik. “The importance of sustainability is continuously growing. At fischertechnik, we want ...

Beautymatter 21.09.2021
Itochu Invests in Sustainable Packaging Material Company Paptic

WHO: Paptic Ltd , a spinoff from VTT Technical Research Centre of Finland, is a high-growth company established in 2015 with headquarters in Espoo, Finland. The company has developed Paptic, a fiber-based and recyclable material to replace plastics in packaging. The material has been available on an industrial scale since 2018. Itochu Corporation was founded in 1858 when the company's founder Chubei Itoh commenced linen trading operations. Since ...

Luxepackaginginsight.com 16.09.2021
Itochu Corp. invests in Paptic

Finnish company Paptic , supplier of the eponymous fiber-based material for flexible packaging applications, has secured a new round of financing from Itochu Corporation – the first non-Finnish company to buy into its capital. “This investment of €2m represents half of the current round, with additional funds planned in the short term,” Kari Laukkarinen, member of the management team, tells Luxe Packaging Insight. The funds will primarily fuel ...

Paptic news
PressReleasePoint 11.09.2021
ITOCHU Announces Formation of Capital and Business Partnership with Paptic Ltd

that ITOCHU has agreed on a capital and business partnership with Paptic Ltd (headquartered in Espoo, Finland ; hereinafter "Paptic") and acquired the company's shares. PAPTIC is a new type of material made of sustainable wood fiber and its base of technology was initially developed by three founders of Paptic at VTT Technical Research Centre of Finland Ltd. (VTT). With its flexibility and strength, it has great potential to reduce environmental ...

Converter Magazine 06.09.2021
Itochu invests in Paptic

“ Paptic, as a company addressing a global environmental challenge, has a perfect fit with Itochu’s sustainability strategy,” commented Jin Asada, chief executive of Itochu Fiber. “Having tested the different Paptic materials in various packaging applications we believe Paptic will be a true game-changer in the flexible packaging materials in practically all geographical markets.”“We are extremely pleased with Itochu joining the Paptic family,” ...

Notified 06.09.2021
PAPTIC LTD ATTRACTS A NEW INTERNATIONAL INVESTMENT – ITOCHU CORPORATION INVESTS IN THE SUSTAINABLE PACKAGING MATERIAL COMPANY

“ Paptic as a company addressing a global environmental challenge has a perfect fit with Itochu’s sustainability strategy. Having tested the different Paptic materials in various packaging applications we believe Paptic will be a true game-changer in the flexible packaging materials in practically all geographical markets.”, comments Mr. Jin Asada, CEO of Itochu Fiber Limited.“We are extremely pleased with Itochu joining the Paptic family. The ...