Recycled Packaging Sustainability – Can Brics create a new currency to replace the hegemony of the dollar? 12-09-2023
Arburg will present the the Allrounder 520 H at Fakuma 2023. It is claimed that the new machine in the hybrid Hidrive series is particularly good at saving energy and conserving resources, as well as being production-efficient, user-friendly and reliable.
The machine technology of the Hidrive series has been significantly enhanced, with the new hybrid machines featuring an optimised energy footprint and reduced cycle times. Following the launch of the 470 H milestone machine in the spring to mark “100 years of the Hehl family company”, the next step has now been taken with the size 520 and 570 machines. Recycled Packaging Sustainability
New size 520 with 1,500 kN clamping force
The size 520 with a clamping force of 1,500 kN will be on show for the first time at Fakuma 2023. The exhibit, an Allrounder 520 H “Premium”, will use a 1+1+1-cavity mould to produce three different moulded parts from ABS in a cycle time of around 50 seconds: a machine base, a feed hopper, and a controller.
These three components are subsequently separated from each other in a cutting station and round off a set of 15 parts for a model Allrounder on a scale of 1:18.
In this application, the Moldlife Sense computer system enables sensor-controlled mould monitoring over the complete life cycle.
The recorded data is passed via an OPC-UA interface directly to the Gestica control system, which displays corresponding malfunctions as well as performance-dependent maintenance intervals, thereby enabling predictive maintenance.
The new Multilift Select 8 linear robotic system with an eight kilograms load removes the moulded parts and places them in a box. A box changer ensures an autonomy of about two hours. Recycled Packaging Sustainability
Cost- and resource-saving alternative
The Hidrive series combines an electric energy-efficient and precise clamping unit with a powerful and dynamic hydraulic injection unit. Compared to all-electric and Hydraulic machines are characterised by significantly reduced acquisition and operating costs as well as a better energy and carbon footprint.
A novelty in the new hybrid Allrounder “Premium” machines is flow splitting as standard, valve technology is used to split the main pump’s available flow volume when required.
Arburg claims that this enables simultaneous movements of hydraulic auxiliary axes with programmable control such as the ejector and core pull – without technology stages or multi-pump technology. Arburg says that this saves energy, costs and space on the machine and increases production efficiency.
Compared to corresponding hydraulic machines, it is claimed that the energy footprint of the new Allrounder H is up to 50 per cent better. In addition, the carbon footprint can be significantly reduced. Thanks to a new oil management concept, the new Allrounder machines require up to 35 per cent less oil.
The required cooling water capacity can be reduced by up to 70 per cent. The dry cycle time is also reduced by around 40 per cent. Recycled Packaging Sustainability
Can Brics create a new currency to replace the hegemony of the dollar?
Response to the suggestion has been muted.
The 15th Brics Summit, hosted by South Africa in Johannesburg from 22 to 24 August, culminated in the anticipated announcement of an expanded Brics bloc, with the admission of six new member countries in January 2024. There had also been speculation that the summit might discuss the issuance of a joint currency to compete with the hegemony of the US dollar as the world’s reserve currency.
Although the idea of a single Brics currency was not on the summit agenda, Brazil’s president mooted a proposal for the bloc to consider it. The response was muted, with South Africa’s representative stating that such an approach was never considered, and India’s foreign minister also dismissing the possibility. Comment from Russia and China was not forthcoming. Recycled Packaging Sustainability
What would be the implications if a single currency were to be introduced down the line? Data from the IMF’s 2023 World Economic Outlook shows that, together, the current five Brics economies – Brazil, Russia, India, China, and South Africa – account for roughly 40 per cent of the world’s population and 20 per cent of global trade flows. Despite the logic behind the idea to introduce a new currency in place of the dollar, the truth is that this would be rather complicated to implement – at least in the short to medium term.
If the idea were to come to fruition, there would be two main approaches:
- Create anew central bank that would issue a single currency to replace the national currencies of each of the five countries (Brazil’s real, Russia’s rouble, India’s rupee, China’s yuan and South Africa’s rand). However, this would require these countries to give up their monetary sovereignty, which would limit their ability to manage the value of their own currency according to their economic needs. To understand this better, if Brazil wanted to depreciate its currency to improve its exports, but the other countries did not agree, Brazil would not be able to make this decision unilaterally.
- Therefore, we are talking about an important risk in the management of each country and the different factors that affect its growth and economic and monetary management. Recycled Packaging Sustainability
BRICS Expansion and Challenges: Navigating the Path Forward
The 15th BRICS summit, held in Johannesburg, South Africa on August 24, 2023, marked a crucial moment in a world grappling with economic integration, global governance, and geopolitical complexities. Various factors, including the U.S.-China rivalry, outdated global institutions, the Russia-Ukraine conflict, supply chain disruptions, and Western sanctions, had prompted a growing inclination to challenge the prevailing U.S.-led international order.
BRICS, comprising Brazil, Russia, India, China, and South Africa, has steadily evolved and garnered global interest. It currently represents 27% of the world’s landmass, 42% of its population, and over one-fourth of the world’s GDP. With a combined GDP of $27.6 trillion, BRICS poses a substantial challenge to the G-7 and may become even more influential with future expansion (BRICS+). Recycled Packaging Sustainability
Initiated in 2001 as BRIC, this group expanded to include South Africa in 2010. Around 40 countries have expressed interest in joining, with six new members approved: Argentina, Egypt, Iran, Ethiopia, Saudi Arabia, and the UAE. Concerns about Chinese dominance and the appeal of a non-dollar economic order have motivated some developing nations to seek BRICS membership.
BRICS has achieved notable success, establishing the New Development Bank and creating alternative international transaction systems to reduce reliance on the U.S. dollar. The group is also working on trade corridors and technology projects.
The expansion of BRICS and the introduction of a common currency were discussed but require careful consideration to prevent inefficiency. India and Brazil advocated for a cautious approach, while Russia supported a common currency. India’s reluctance stemmed from its growing trade relationship with the U.S. and its post-COVID recovery.
Ethiopia’s inclusion, despite its smaller GDP, aimed to provide greater African representation. The summit addressed global issues, including climate change, WTO transparency, and international organization representation.
BRICS’ growing popularity signifies a shift towards multipolarity, with India playing a pivotal role. However, expansion should be guided by clear criteria, such as stable governance and economic growth. The criteria, yet to be disclosed, need refinement for effective expansion. Recycled Packaging Sustainability
Recycled Packaging Sustainability