PORTSMOUTH, New Hampshire
,
May 11, 2022
(press release)
–
Cyclyx International, a consortium-based post-use plastic innovation company with a mission to increase the recycling rate of plastic from 10% to 90%, has announced that Velcro Companies has joined Cyclyx as the newest member of the consortium. As the inventor of the original and iconic hook and loop fastener, Velcro Companies is a global leader in the creation and manufacture of innovative fastening solutions known for strength, reliability, durability and versatility. It is committed to sustainable product development and brings ORIGINAL THINKING™ to help solve the real-world challenges that people face every day. Velcro Companies continues to optimize its sustainable manufacturing processes to reduce the use of natural resources and is in the midst of a transformational journey to use more recycled content and create more sustainable products for its customers. “As we focus on meeting the current needs of our customers while preserving the planet for future generations, we pledge to incorporate sustainability into everything we do,” said Chitra Ebenezer, Chief Marketing Officer, Velcro Companies. “Joining the Cyclyx consortium strengthens our ability to determine our baseline global plastic material profile and enables more opportunities to participate in customized post-use plastic take-back programs that help supplement our in-house sustainability efforts.” “We’re excited to welcome Velcro Companies to Cyclyx,” stated Joe Vaillancourt, CEO of Cyclyx. “Their commitment to sustainable manufacturing and diverting solid waste from landfills is in line with everything that Cyclyx is working to achieve. Their membership will be a great addition to our mission to help increase the recycling rate of plastic from 10% to 90%.” Contacts Melanie Burger About Cyclyx International, LLC. Cyclyx International, LLC. (“Cyclyx”) is a post-use plastic feedstock supply chain innovator working with industry participants to develop innovative recycling solutions for all types of post-use plastics. The company’s mission is to increase the recycling rate of plastics from 10% to 90% by using Cyclyx’s expertise in understanding the chemical composition of post-use plastic in collaboration with industry partners to create a new, innovative supply chain. Cyclyx was founded by Agilyx Corporation ("Agilyx"), a leader in advanced chemical recycling, together with ExxonMobil Chemical Company, one of the largest chemical companies in the world. Cyclyx has been formed to be a consortium-based entity and since its founding there have been a growing number of companies joining its membership. For more information, visit us at www.cyclyx.com. About Velcro Companies Velcro Companies is a technology-driven, global organization providing fastening solutions that solve problems in simple, elegant, and surprising ways for businesses and consumers around the world. With more than 60 years of experience, Velcro Companies are proud of their heritage in innovation. Velcro Companies owns over 400 active patents and numerous trademarks, including the VELCRO® Brand mark, which is registered throughout the world. Velcro Companies offer global resources for world-class solutions, with manufacturing locations in Spain, the United States, Canada, Mexico, Belgium, Uruguay, and China and sales offices around the world. To find out more about our company, visit www.velcro.com.
Director, Corporate Communications
mburger@cyclyx.com
* All content is copyrighted by Industry Intelligence, or the original respective author or source. You may not recirculate, redistrubte or publish the analysis and presentation included in the service without Industry Intelligence's prior written consent. Please review our terms of use.
