In Europe and Australia, where we sell our products, the demand for recyclable products for a circular economy (CE) is increasing day by day. In fiscal 2022, we launched food packaging materials compliant with the Australian recycling program "REDcycle," but, similar to Europe, Australian customers are also expected to shift to products with higher recyclability.
While there is ongoing debate over the standards for recyclable products, we are developing film compositions in line with the strict guidelines proposed by CEFLEX (a European consortium promoting the construction of infrastructure for the collection, sorting, and recycling of used packaging film), and we plan to proceed with customer reviews in fiscal 2023.

Detailed company information and performance data are provided in Data Collection.