Avery Dennison Launches Matrix Recycling Program Avery Dennison Label and Packaging Materials has launched a scalable matrix recycling program with RoadRunner Recycling to help label converters achieve their zero waste-to-landfill goals. Through a venture investment in RoadRunner Recycling’s Series C round, Avery Dennison is expanding the accessibil- ity of matrix recycling and leveraging RoadRunner’s machine learning technology to optimize matrix col- lection and recycling processes.The pilot phase of the program is open to converters in select markets. Matrix is a byproduct of the label converting pro- cess that is often sent to landfills because the chem- ical composition of the material makes it difficult to recycle.The pilot program focuses on the economics and logistics associated with collecting matrix waste, while identifying recycling opportunities to enable ef- ficient future matrix circularity.The pilot is available in the Maryland,Chicago,New Jersey and Southern Penn- sylvania markets.The pilot will enable Avery Dennison and RoadRunner to grow the knowledge base that en- hances the performance of the machine learning algo- rithms as more material is recycled. Additionally, the program will explore alternatives to waste-to-energy for recycled matrix waste. NarrowWebExchange.com Offers Virtual Marketplace The newly launched NarrowWebExchange.com is a virtual marketplace for used equipment for the narrow web industry. This site represents an opportunity for buyers and sellers to connect on a site dedicated spe- cifically to the narrow web industry. NWE.com has reportedly developed a process that addresses many of the concerns that have likely dis- couraged similar attempts in the past. Most notable is the transferring of large amounts of money for an equipment transaction. On NWE.com the money that changes hands between a buyer and a seller for any transaction is done safely and securely, off-line. Buy- ers and sellers simply communicate payment details through NWE.com’s Site Communication System to complete a transaction. The Site Communication System is another key fea- ture that boosts the confidence between buyers and sellers. There are two communication channels avail- able to users. Buyers can post questions, and Sellers can post answers that are viewable by all users. Or, buyers and sellers can communicate privately by using the site email systems, which is anonymous, only revealing site usernames and not users’ personal email addresses.
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8 September 28, 2020 Flexo Market News
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