Under the agreement, Siemens Financial Services – the financing arm of Siemens – will offer qualifying customers a structured lease-purchase scheme to finance the FBAM-2.
The FBAM-2 represents the next generation of Frugalpac’s paper bottle manufacturing technology.
Designed as a scalable, multi-lane platform with advanced automation, a standard three-lane configuration can produce up to 14 million Frugal Bottles annually, more than five times the capacity of its predecessor, FBAM-1.
Frugalpac claims the Frugal Bottle has a carbon footprint 84% lower than a standard glass bottle.
The new bottles produced on the FBAM-2, are now made from 100% recycled paperboard with the bottle weight reduced to 71g.
Malcolm Waugh, chief executive, Frugalpac, said: “This agreement creates an even easier pathway for customers to install Frugal Bottle Assembly Machines and produce Frugal Bottles locally. That helps reduce carbon emissions and EPR costs, strengthens supply chains and provides brands and consumers with a genuinely sustainable packaging alternative.”
Carolyn Newsham, account manager, Siemens Financial Services, said: “Innovation delivers the greatest impact when businesses can access it quickly and efficiently. Through this agreement, we are helping remove a potential barrier to investment by providing financing solutions for Frugalpac’s next-generation Frugal Bottle Assembly Machine.