Packaging

The acquisition adds a global glass packaging leader to a Tunisian glassmaker, creating synergies in container production for beverage, pharma, and food sectors across North Africa and Europe.

Higher inbound logistics and raw material costs pressured margins in the quarter.

Packaging volumes beat forecasts, total shipments up 9% sequentially, boxes +6%, external paper +11%. CEO Hugues Simon said fiber rolls are “extremely tight” as demand outstrips shipping capacity.

The project, the first PET tray washing line in Africa and the Middle East, marks a recycling milestone for the region and supports Egypt’s shift to a circular packaging economy.

Industry and Trade Minister Judith Kapinga stressed that tackling plastic waste needs a surgical approach, as blanket shutdowns could harm local manufacturers, cut government revenue, and cause mass job losses.

The new Benoni unit expands the Packa-Ching network, offering residents paid recycling services while advancing sustainability and community empowerment.

The TRQ framework cuts or phases out tariffs on set import volumes, letting domestic manufacturers source key raw materials at lower or zero duty.

Subscription closes 7 August, allotment is on 10 August, and listing on NSE and BSE is scheduled for 12 August.

The tamper-evident seal uses an integrated VOID effect to show a visible, irreversible opening indication, instantly revealing if a package has been opened or tampered with.

The green RAM rating is a key UK market differentiator, as packaging producers must prove recyclability to lower EPR costs and dodge penalties.