Africa's No.1 Packaging, Printing, Plastics & Processing Industry Magazine
USA – US-based holding company HPC Industries has formed a joint venture (JV) with Macquarie Group’s Commodities and Global Markets group to build recycled polyethylene terephthalate (rPET) plants in the US. Dubbed Circularix, the joint venture will develop and operate five recycling facilities, which will be capable of producing more than 275 million pounds of rPET resin a year in…
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UK – Packaging and paper firm Mondi has developed a recyclable, lightweight packaging solution for Goldwell, the salon hair cosmetic brand of Japanese consumer goods company Kao. Goldwell is a salon-quality brand of Kao Salon Division, the fourth biggest professional hair care business in the world. Its broad offering of hair care, styling and color products also includes a range…
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AFRICA – Afri-Plastics Challenge has announced strand 2 finalists comprising 10 teams of innovators from across Sub-Saharan Africa with solutions for reducing plastic usage. The Afri-Plastics Challenge, from innovation experts Challenge Works and funded by the Government of Canada, is rewarding the most promising Sub-Saharan African innovators working in the circular economy. The finalists will receive US$ 91245.75 to invest…
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CANADA – Fasten, an IBG (Innovative Beauty Group) company and a leading global beauty solutions provider, has introduced its Recharge Luxury Refill, a sustainable cosmetic refill system ideal for makeup and skincare products. Fasten provides innovative beauty packaging and aims to create environmentally sustainable packaging options for cosmetic products. The new Fasten’s Recharge Luxury Refill is made entirely from PP…
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PORTUGAL – United Nations has declared that the world is facing an “ocean emergency,” during the UN Ocean Conference 2022 hosted in Portugal. The event is being co-hosted by the government of Kenya and Portugal and intends to create agreements that can end the reported 11 million metric tons of plastics entering the seas each year. If current trends continue,…
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INDIA – Global Leader in Films for Packaging, Labelling, Lamination and Synthetic Paper, Cosmo Films has appointed Justin Glass as President for North America operations. In his new role, Justin will be responsible for devising growth strategies and expanding business in the North American region for the organization. Justin will report to Mr. Kulbhushan Malik, Sr. Vice President and Head…
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CANADA – Private equity firm, Clearlake Capital Group has completed the acquisition of global provider of protective packaging solutions, Intertape Polymer Group Inc. Under the terms of the agreement, Clearlake has acquired the outstanding shares of IPG common stock for US$31.37(CDN$40.50) per share in cash. As a result of the transaction, IPG is now a privately held company, and shares…
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KENYA – Coca-Cola Beverage Africa (CCBA) has signed a 3-year Memorandum of Understanding with VetLab Sports Club and T3-Kenya to sustainably recycle 100% of plastic bottles used within VetLab Sports Club. T3-Kenya is a bottle-to-fashion recycling company converting plastic waste into garments while being a social enterprise. Under the agreement, T3-Kenya will recycle all plastic bottles collected during and after…
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AFRICA – African printing industry has recorded a steady rise as a result of the adoption of current trends and technologies and expects the market value to cross US$235.3 million by 2031. As per Printing Global Market Report 2022, Africa Printers Market is expected to cross the value of US$235.3 million by the end of 2031. The global printing market…
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INDIA – India’s Ministry of Environment, Forest and Climate Change has announced the ban on the production, import, stocking, distribution, sale, and use of identified single-use plastic items across the country from 1 July 2022. The ban, carrying forward the spirit of ‘Azadi ka Amrit Mahotsava,’ will be implemented in coordination with the Ministry of Environment, Forest and Climate Change.…
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