USA – Paper-based packaging company Ranpak has launched RecyCold climaliner, a recyclable, paper-based thermal liner designed for cold chain shipping applications in various sectors.
According to Ranpak, RecyCold climaliner can keep products within their ideal temperature range – frozen, chilled, or near room temperature – for up to 48 hours.
It claims to match the thermal performance of existing technologies while also being thinner and more flexible, thus fitting into various configurations and box sizes.
As well as lowering food waste and cost, the liner provides an aesthetically pleasing solution for customers to achieve positive branding attributes.
It can be used by itself or, as available in Europe and North America, alongside Ranpak’s RecyCold cool packs as a comprehensive cold chain solution.
The solution aspires to meet shipping requirements in various fast-growing segments including online groceries, ready-to-use meals, and mealkits.
Omar Asali, chairman and chief executive officer of Ranpak, said: “The global launch of RecyCold climaliner represents our latest innovation in the sustainable shipping space, highlighting the efforts Ranpak has made to deliver cost savings, efficiency gains, and an aesthetically attractive total Cold Chain solution.
“The increase in shipping of temperature-controlled items increases the need for scalable and sustainable technologies.
We are pleased to include climaliner among our growing portfolio of sustainable solutions to help our customers improve their supply chain performance, lower their labor costs, reduce food waste and meet their sustainability goals.”
In April, the company introduced the Geami MS Mini™ wrapping system, a sustainable, biodegradable, recyclable and plastic-free alternative solution to traditional plastic bubble rolls.
Geami MS Mini has a smaller footprint with the protective ability of die-cut paper which expands into a 3D honeycomb-like structure.
The system applies to low-volume operations, mega-volume and omni-channel fulfillment at major retailers, without compromising on quality.
Q2 of FY23 results
Meanwhile, Ranpak has reported earnings per share (EPS) of (US$0.03), which beat analysts’ consensus estimates of (US$0.09) by US$0.06.
The company’s revenue for the quarter was US$81.90 million, slightly lower than the consensus estimates of US$83.50 million.
Despite the decrease in revenue compared to the same quarter last year, Ranpak’s stock performance has been positive.
It traded up US$0.29 during trading hours on Friday, reaching US$6.68. The company’s 50-day moving average is US$4.62, and its 200-day moving average is US$5.10.
Ranpak has a 1-year low of US$2.66 and a 1-year high of US$8.24. Its market cap is US$550.50 million, and it has a negative net margin of 12.21% and a negative return on equity of 6.49%.
Overall, Ranpak’s positive earnings results and stock performance show promise for the company’s future.
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