Close the Loop, an end-to-end solutions provider from design and manufacturing, through to collection and recycling of products, has commenced a take back trial in China for HP’s Indigo products.
The trial is an extension of a HP take back program that Close the Loop runs in Australia and New Zealand.
It will leverage the company’s supply chain knowledge in reverse logistics to collect products from HP channel partners in China and ship them to Israel for remanufacturing. It will utilise broader Close the Loop Group expertise by using sea freight knowledge and processes from its O F Pack division.
Based in Israel, HP Indigo develops, manufactures and markets digital printing solutions, including printing presses, proprietary consumables/supplies and workflow solutions.
The trial aims to assist HP customers to create a circular economy solution by transforming their linear supply chains into circular economy ones and enable the reuse of their products in the market.
Upon successful completion of this initial phase of the trial, Close the Loop aims to expand the trial into additional countries in Asia Pacific.
Close the Loop Group CEO Joe Foster said, “We are thrilled to be extending our existing take back program to HP Indigo in China. The trial not only leverages our supply chain knowledge but also O F Pack expertise in sea freight processes to deliver a truly group-wide solution.
“The trial will assist HP customers to create a circular economy solution by transforming their linear supply chains into circular economy supply chains and enable the reuse of their products in the market.”
Close the Loop also announced “better than expected” business performance in Q1 FY23. It said this has converted to strong operating cashflows for the quarter with the company to provide more details at its upcoming AGM on 16 November.
“Close the Loop Group has continued its strong performance in the first quarter of FY23, ensuring that we continue to deliver on our strategic pillars. We are in a strong position to accelerate our growth strategy and momentum through further earnings accretive acquisitions and organic growth as we use our industry leading innovation to create new take-back, re-use and recycle programs and circular economy solutions,” Foster said.