Tighter scrap supply has already hit local producers, Novelis, Brazil’s top aluminium recycler, closed its Juiz de Fora collection centre last year due to material shortages.
The Commission clarifies that packaging produced and in stock but not placed on the market by 12 August 2026 does not need to be destroyed, remanufactured, or re-labeled.
Allotment is expected to be finalised on August 10, with listing on BSE and NSE scheduled for August 12.
The company has announced over US$210 million in EMEA cost-saving measures, including 31 facility closures and net reductions of more than 3,000 positions.
Despite heightened geopolitical uncertainties, the company experienced no material impact on its operations, supply chain, or financial performance, with higher input costs being effectively passed on to customers.
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.
AAI has proposed retaining the current 2.5% Basic Customs Duty on all aluminium scrap until BIS standards are notified and grade-wise HSN codes are introduced.
The JRC has also proposed harmonised waste sorting labels under the Packaging and Packaging Waste Regulation, recommending unified pictograms, colour-coded symbols and receptacles to improve consumer sorting behaviour and increase recycling rates across the bloc.
While national plastics bans grab headlines, their fragmentation is undermining environmental gains and squandering a monumental business opportunity.