Sustainable Packaging
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Greif acquires 51% stake in paper partitions supplier ColePak
USA – American manufacturing company, Greif has acquired 51% stake in ColePak, a supplier of paper partitions in North America in an all-cash transaction funded…
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Portugal pushes back introduction of single-use aluminum packaging tax
PORTUGAL – The Portuguese government has again postponed introducing a €30 cent (US$0.32) tax on single-use aluminum packaging or multi-material packaging with aluminum. The amendment…
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ITC invests US$181M to build food and packaging plants in Madhya Pradesh, India
INDIA – Diversified group ITC has invested Rs 1,500 crore (US$181m) in Madhya Pradesh to set up an integrated food manufacturing and logistics facility and…
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Tredegar announces decision to offload Terphane to Oben Group for US$116M
BRAZIL – Plastic films and aluminium extrusions manufacturer Tredegar has agreed to sell its flexible packaging films business, Terphane, to Oben Group affiliates for US$116…
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Paptic raises US$25M in Series A funding round to expand its sustainable materials portfolio
FINLAND – Espoo-based sustainable innovations company Paptic has secured €23 million (US$24.76m) to drive growth and expand its materials portfolio. The round is led by…
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Aluminium aerosol cans shipment grew by 6.6% in first half of 2023, reports AEROBAL
GLOBAL – The global shipment of aluminium aerosol cans increased by 6.6% to just over 3.2 billion units in the first half of 2023, reports…
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JSE approves Nampak’s R1B rights offer as it embarks on turnaround
SOUTH AFRICA – Durban-based packaging company, Nampak has informed its shareholders that the JSE had approved its R1 billion (US$52.19m) proposed rights offer. In a…
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Glassmaker Bormioli Luigi absorbs Bormioli Rocco to accelerate growth in glass sector
ITALY – Glassware maker, Bormioli Luigi has absorbed Bormioli Rocco with the expectation of accelerating its growth and development in the glass sector. Bormioli Luigi…
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Kwik Lok introduces new polypropylene bag closure in sustainability drive
USA – Kwik Lok has introduced Enviro-Lok, a new recyclable polypropylene bag closure to keep products safe and fresh. According to the firm, the closure…
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Fanuc Europe names new president and CEO, Macsa ID appoints sales director to support growth
EUROPE – FANUC Europe Corporation is pleased to announce the appointment of Marco Ghirardello as the new President and CEO. Ghirardello succeeds Shinichi Tanzawa, who…