2023-01-24
Investment in the production of future-proof and sustainable packaging solutions: Voith acquires stake in Swedish start-up Yangi® AB
- Innovation and development partnership between Voith and start-up Yangi®
- Yangi® is leading the development of a dry forming process to produce 3D-formed, cellulose-based packaging in one machine line without process water
- Compared to the alternative energy- and water-intensive wet pulp molding process, the innovative process saves 75 percent energy
Voith takes a stake in the Swedish start-up Yangi® AB to invest in sustainable technologies.
VARBERG/HEIDENHEIM. Voith has acquired shares in the sustainability start-up Yangi®, headquartered in Varberg, Sweden. Both parties signed the purchase agreement in December 2022. Yangi's® ground-breaking technology emerges from 10 years of R&D within its sister company, The Loop Factory®, which focuses on the megatrends of sustainability and circular economy. As a result, the leading full-line supplier Voith is investing in new, future-oriented technologies to further drive decarbonization in the paper industry.
Yangi® has developed a manufacturing process and is pioneering a new technology to produce 3D-formed, cellulose-based packaging. The process is based on dry forming principles in one machine line and enables a cost- and resource-efficient solution that has the potential to replace rigid plastic at scale. Compared to the water- and energy-intensive wet pulp molding process, Yangi's® dry forming process uses no water and less energy, resulting in minimized CO2 emissions and 75 percent less energy consumption. The applications for packaging solutions are diverse and range from cosmetics and beauty products to fresh food, take-away, and consumer goods. For example, in addition to Voith, the luxury brand CHANEL has also acquired shares in Yangi® and is actively supporting its business development.
2023-01-24
Compared to petroleum-based packaging, the newly produced fiber packaging saves 75 percent CO2 emissions. In addition, the innovative process is characterized by short cycle times.
About Yangi® AB
Yangi® is reshaping the world of packaging through its revolutionary manufacturing technology and next-generation fiber-based solutions. Emerging from 10 years of R&D within its sister company, The Loop Factory®, Yangi® offers an open-source, turn-key machine platform and customized packages of value-added services such as material on subscription and ready-made design concepts, meeting the needs of manufacturers and brands for more sustainable packaging alternatives. Yangi® is a pioneering, innovative and established partner within the dry-formed fiber industry. To learn more, visit http://www.yangi.se.
About the company
The Voith Group is a global technology company. With its broad portfolio of systems, products, services and digital applications, Voith sets standards in the markets of energy, paper, raw materials and transport & automotive. Founded in 1867, the company today has around 21,000 employees, sales of € 4.9 billion and locations in over 60 countries worldwide and is thus one of the larger family-owned companies in Europe.
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The Group Division Voith Paper is part of the Voith Group. As the full-line supplier to the paper industry, it provides the largest range of technologies, services, and products on the market, and offers paper manufacturers holistic solutions from a single source. The company’s continuous stream of innovations facilitates resource-conserving production and supports customers in significantly reducing their carbon footprint. With its comprehensive automation products and leading digitization solutions from the Papermaking 4.0 portfolio, Voith offers its customers state-of-the-art, digital technologies to increase the availability and efficiency of their systems in all areas of the production process.