Manufacturing & Retail

Under the partnership, Itochu Metals will collect used Daikin commercial air conditioners, oversee dismantling and separation of components such as heat exchangers and motors, and coordinate with specialised scrap processors to recover high-purity aluminium, iron and copper.

The closures are designed to reduce leakage, withstand parcel shipping and improve the consumer unboxing experience as e-commerce continues to grow.

Combined with Woodberry’s existing Reelvision site, the acquisition gives the group three PS 9000-accredited carton sites in the UK, the pharmaceutical industry’s quality standard.

The project marks the Indian group’s first international expansion outside India, leveraging Hamriyah’s deep-water port and connectivity to global shipping routes.

The combination of digital, flexo and advanced finishing allows delivery across the spectrum, from high-volume FMCG labels to short-run premium jobs, with 100 percent accuracy backed by leading-edge packaging solutions.

The agreement covers both construction and operation, with Urbaser leading the construction phase and managing the facility for five years through a joint venture in which it holds a 60 percent stake, while Tadweer Group retains 40 percent.

The plant will incorporate advanced glass melting technology from Horn Glass Industries AG, a German manufacturer specialising in equipment for glass production.

The partnership between CVC and the Reggiani family is structured to preserve the company’s entrepreneurial culture while providing the capital and strategic guidance needed to accelerate growth.

Managing Director Dr. Sonvir Singh stated that once the plant is operational, the company’s revenues and profitability trajectory will strengthen significantly, despite current financial pressures.