Completion of Financial Restructuring for JBF Packaging Bussiness
Following the completion of their financial restructuring in October 2024, JBF Global Europe BV, the industry leader in sustainable PET solutions, and JBF Bahrain WLL, a cutting-edge manufacturer of biaxially oriented PET films, are excited to announce a new and exciting chapter for the businesses.
This significant turning point highlights a reevaluated mission and steadfast dedication to providing creative, sustainable goods based on moral business conduct and established excellence. With JBF Belgium’s strategic location in Europe and JBF Bahrain’s location inside Bahrain’s Free Trade International Investment Park, both businesses provide logistical advantages.
Established in 2012, JBF Belgium is the most prominent and sophisticated PET production facility in Europe, with cutting-edge equipment and a 432,000-ton yearly capacity. The company focuses in products for food, pharmaceutical, and medical applications, including Virgin PET resin (vPET), which has a carbon footprint 19.7% lower than the European industrial average. In line with the 2030 Packaging and Packaging Waste Regulation goals and the 2025 Single Use Plastic Directive, the company is also a pioneer in the development of Chemically Recycled PET resin (rPET), which has up to 30% post-consumer recycled (PCR) content and is intended for use in healthcare, non-food, food, and beverage applications.
The site produces a comprehensive range of film specifications, for applications such as packaging and others. JBF Bahrain’s synergies with JBF Belgium also make JBF Bahrain a leading producer of high-quality chemically recycled PCR film and reinforce joint efforts and commitment toward global sustainability initiatives.
For JBF Belgium and JBF Bahrain, this is a significant turning point that will allow the businesses to keep their emphasis on environmental responsibility and innovation while improving their production capacities and optimizing operations. JBF Belgium and JBF Bahrain will both be well-capitalized after their financial restructuring is finished, with strong financial support from international financial institutions. They will also have improved governance, new leadership, and new directorship, all of which will bring an unwavering focus on providing reliable, high-quality supply.
