Agriculture & Food

The Commission found that a surge in dumped imports led to price undercutting and suppression, resulting in declining market share, reduced profitability, and lower returns on investment for domestic producers.

The authority is also working to encourage investment in sustainable alternatives, strengthen environmental compliance, and support innovation in environmentally friendly packaging materials.

The packaging and cold-chain components of the cluster are expected to address a critical gap for exporters who have previously faced challenges with product shelf life and presentation in international markets.

The focus on packaging aligns with Algeria’s growing food processing and pharmaceutical manufacturing sectors, which require specialised packaging solutions to meet export standards.

The mono-material structures enable enhanced recyclability by eliminating the need for material separation during recycling, improving resource efficiency and supporting the circular economy.

The IPO, open for subscription from July 1 to July 3, was subscribed an astounding 83.33 times, far exceeding the typical 3-5 times subscription seen in most Indian IPOs.

The buyback scheme is specifically designed for HPMC’s branded glass bottles used for packaging fruit products, including apple juice, jams, preserves and squashes, ensuring that the packaging materials are recovered and reprocessed rather than discarded as waste.

Interest in the initiative has led to long queues forming at deposit return machines in Istanbul and several other provinces as people brought bags of used plastic bottles, glass bottles and aluminum cans to be processed one by one.

The regulatory filing, submitted through company secretaries DCSL Corporate Services Limited, confirms the offer is being undertaken in accordance with directives of the regulatory authorities.

The biopolymer-based material, originally developed by Rezemo, is PEFC-certified and combines environmental sustainability with technical functionality.