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UK – British consumer goods company Unilever has launched a laundry capsule designed to decarbonize the laundry process without compromising cleaning performance. Launched worldwide, the specially designed capsule is made from biodegradable active ingredients that are 65% derived from plant sources. The capsule is said to work best on short cycles and in temperatures of 20 degrees or below, which…
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US – SOFi Products, the Miami-based creator of durable, compostable paper SOFi, announced today it has released the first 100% biodegradable cup that eliminates the need for a plastic lid. The launched SOFi Cold Cup is a foldable, plastic-free, and bioplastic-free cup that will biodegrade naturally within 180 days in landfills, soil, or marine environments. The new product has four…
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GLOBAL – European and American packaging companies Smurfit Kappa, International Paper, Ardagh Metal Packaging, Graphic Packaging and SIG have registered sales growth in the second quarter of the financial year 2022. Smurfit Kappa registers 36% revenue growth for H1 2022 Irish corrugated packaging company’s earnings before interest, tax, depreciation and amortization (EBITDA) for the period were €1.17 billion (US$1.20 billion),…
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US – US-based equipment maker JBT has signed a definitive agreement to acquire Bevcorp, a beverage processing and packaging solutions provider, for US$290 million. Founded in 1992 Bevcorp serves a variety of clients through its blending, handling, filling, and closing technologies. The company offers services to customers in high-value segments of the beverage market, including carbonated soft drinks, seltzers, carbonated…
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US – American company that specializes in container glass products, O-I Glass has announced plans to build a new glass facility in Bowling Green, Kentucky. In line with strong consumer trends towards healthy, recyclable, and sustainable food and beverage packaging, the company is adding capacity to support its customers with brand-building premium glass containers. The company plans to invest up…
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US – Leading houseware manufacturer company, Tramontina has revealed plans to transition from all non-recycled single-use poly bags to bags with at least 90% recycled low-density polyethylene (LDPE) content. The commitment to replacing single-use poly bags is part of the company’s ongoing partnership with the environmental consulting firm Searious Business. This initiative is part of a larger goal to incorporate…
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US – US-based specialized distributor and solution provider Envoy Solutions has completed the acquisition of packaging materials distributor Sunbelt Packaging to drive growth in the Southeast. Sunbelt Packaging is a highly rated distributor offering a large and diversified inventory of flexible packaging materials and a wide range of automated packaging equipment. The company’s strong relationships with industry-leading customers have contributed…
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BRAZIL – Canpack, a sustainable packaging maker and part of the Canpack Group, has announced plans to invest US$140 million (BRL710 million) to build a new can production facility in Minas Gerais, Brazil. The plant will have a total initial installed capacity of approximately 1.3 billion cans per year and will meet the demand of Brazilian customers, including Heineken. The…
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AUSTRALIA – Australasia’s leading packaging and paper company, Opal is set to invest more than US$140 million to construct a high-speed regional manufacturing facility for cardboard packaging in Victoria. According to the firm, the facility will be constructed in two phases and aligns with the firm’s vision of Opal shapes the future through sustainable packaging. Stage one involves the construction…
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US – American corrugated packaging company WestRock has signed an agreement to purchase the remaining interest in recycled paper and cardboard packaging manufacturer Grupo Gondi for US$970 million. The transaction also includes the assumption of debt, representing an estimated implied enterprise value of US$1.76 billion. Currently, WestRock has a 32.3% stake in Grupo Gondi. Upon completion of this transaction, WestRock…
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