Rich Lister Raphael Geminder is enduring some serious economic pain as his 47 per cent-owned packaging company Pact Group tries to transform itself into a “green” pioneer in the industry.

Pact is making heavy investments in its factories and in building new ones so that it can substantially increase the amount of recycled plastic in the thousands of different containers and packaging products it manufactures for companies in the food, beverage and healthcare industries, including milk bottles.