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PET manufacturer UAB NEO GROUP, which operates out of Klaipėda FEZ, saw its turnover reach 366 million euros last year, with 18 million euros in profits. The company’s results mostly influenced by fluctuations in the commodity markets and supply chain disruptions. Due to the COVID-19 lockdown and reduced consumption in the first half of 2020, […]

At the beginning of this year, UAB NEO GROUP, a PET producer operating in Klaipėda FEZ, produced and sent to customers for testing the first PET resins, which were manufactured using up to 25% of recycled raw materials. The company predicts that the commercial application – PET packaging – of this fully circular product will […]

To achieve holistic recognition of the performance of PET to be a material of choice for packaging and other end-uses, meeting environmental, sustainability, and performance criteria expectations of the consumer and other stakeholders PETCORE Europe has created an infographic and video, explaining the virtues of PET: Go to infographic Go to LinkedIn page for checking […]

The PET resin producer UAB NEO GROUP, currently operating in Klaipėda FEZ in Lithuania, has initiated European Union patenting procedures for a secondary PET packaging recycling technology it has created internally. The solution developed by the company’s scientists and technologists will allow the use of up to 30% of materials from post-consumer recycled packaging in […]