Mcdonald’s shuns plastic, switches over to wooden cutlery in West, South India
MUMBAI: Mcdonald’s restaurants in West and South India have switched over from plastic straws, cups and cutlery to wooden cutlery and paper straws and cups, Hardcastle Restaurants Pvt. Ltd, the master franchisee for fast food chain said on Friday.
The announcement comes on the eve of Maharashtra’s ban on plastics from June 23.
“With the move to biodegradable and non-plastic alternatives, we will be able to reduce about 200 tonnes of plastic per year, from Maharashtra and key cities in Karnataka,” a spokesperson for the world’s largest restaurant chain said. Maharashtra is the second state after Karnataka to enforce a ban on plastics.
The franchise has 277 restaurants across the west and south, with 122 in Maharashtra and 57 in Karnataka.
Mcdonald’s now gives customers wooden cutlery—spoons, stirrers, knives and forks—instead of plastic ones. The plastic cups have been replaced by paper cups. And the straws are either made of paper or other biodegradable materials that are derived from corn starch, the company said.
On an average, Maharashtra consumes 36,000 tonnes of plastic bags per annum. Of this carry bags make up 8,000 tonnes and the balance comes from packing bags like shirt bags, industrial packaging and mono-layer food packaging bags, according to Neemit Punamiya, general secretary, Plastic Bag Manufacturers Association of India.
The manufacture of plastic bags is a ₹10,000-15,000 crore industry employing 300,000 people. This will come to a standstill following the ban in Maharashtra, said Punamiya adding that the association is in discussions with the state government to have a sunset clause to make the switchover to manufacturing alternatives.
However, restaurant associations have requested an exemption from the plastic ban for takeaways. “The company is working on alternative solutions for its delivery segment that can ensure safe and fresh food is delivered without spillage,” the company said.
payments platform Paypal Holdings Inc. on Friday, signed a deal to acquire Palo Alto-based Simility Inc., a fraud prevention and risk management platform, for $120 million in cash.
The transaction is expected to close in the third quarter of 2018, subject to regulations, according to a company statement.
The acquisition, will allow Paypal to roll out new fraud prevention features to merchants. Features such as fraudulent payment activity prevention, risk management, and transaction verification will soon be introduced on the merchant’s online dashboard, Paypal said.
Simility, which was founded in 2014, has raised more than $20 million till date from Accel Partners, and California-based investors including Trinity Ventures and The Valley Fund. It currently caters to clients in banking and financial services, online marketplaces and classifieds, payment services providers, and ecommerce among others.
“Paypal has been at the forefront of developing innovative fraud prevention and risk management solutions for nearly 20 years, and now, merchants will be able to configure those solutions to manage the unique complexities of their businesses. Together with Simility, we will be able to put more control in the hands of our merchants to fight fraud while helping make commerce experiences faster and more secure,” said Bill Ready, chief operating officer, Paypal in a statement .
“We are excited to enter the next phase of our growth with Paypal and are thrilled to join them to help drive the next generation of payment and commerce solutions,” added Rahul Pangam, CEO, Simility in a statement.