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Kellanova invested £86m in new technology to produce a 90% paper-based Pringles tube, sold first exclusively in Tesco and One Stop stores in the UK from January 2024 and rolling out to other supermarkets later in 2024.
Mondi and Tesco Central Europe launched a partnership in which Mondi buys Tesco's warehouse corrugated waste to produce EcoVantage recycled paper for Tesco shopping bags, made at Mondi's mill in the Czech Republic.
Packaging maker Faerch Plast joined Marks & Spencer, Sainsbury's, Tesco and waste firm Viridor in a circular-economy project to recycle black plastic into new food-grade packaging. Recycling starts in July 2018 at Viridor's Rochester facility in Kent, with an initial target of 120 tonnes per month.
Nabors Industries signed an arrangement agreement to acquire all outstanding shares of Tesco Corporation, with each Tesco share exchanged for 0.68 Nabors shares. The deal values Tesco at $4.62 per share and is expected to close in the fourth quarter of 2017.
