Packaging

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.

Young acknowledged ongoing uncertainty related to geopolitical developments, including potential disruptions in the Red Sea affecting ocean freight and carrier availability for both feedstocks and finished products.

Growth was driven by rising demand for lightweight flexible packaging papers, food packaging and virgin-fibre liner products marketed under the gKRAFT™ brand.

The glass packaging produced at the factory is fully recyclable, reducing the environmental impact of pharmaceutical packaging waste while supporting Kenya’s circular economy objectives.

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.

Management described 2026 as a transition year for the metal business, with global volumes dipping 1% in Q2 against a strong prior-year comparison, but expects a return to growth in 2027 at least in line with the industry.

Sonoco reaffirmed its full-year 2026 guidance of US$7.25-7.75 billion in net sales, US$1.25-1.35 billion in adjusted EBITDA, and US$5.80-6.20 in adjusted EPS.

The plant manufactures glass vials and ampoules in multiple sizes and formats, in line with China’s Good Manufacturing Practices for pharmaceutical packaging.

The acquired facilities include corrugated packaging plants in Alzey, Wolnzach, Eberswalde, Castrop-Rauxel and Northeim in Germany; Tychy and Skarbimierz in Poland; Všetaty in the Czech Republic; and Sibiu in Romania.

Acquisition expands Goglio’s manufacturing footprint and product portfolio as demand for flexible packaging grows across Latin America.