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GERMANY – Koenig & Bauer, the press manufacturer with the broadest product portfolio in the industry has acquired 49 percent stake in manufacturer of high-board line flexo presses company, Celmacch Group S.r.l. The deal lays the foundations for collaboration on development and marketing activities on the growth market for corrugated boards. Koenig & Bauer has the option to acquire further…
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INDIA – Indian multinational corporation, Cosmo First Limited has appointed Mr. Kulbhushan Malik as the Business Head for their Films Business globally. Established in 1981, Cosmo First Limited is a four-decade-old global business organization with entities– Cosmo Films, Cosmo Speciality Chemicals, Zigly and Cosmo Foundation. In his new role, Kulbhushan will oversee the day-to-day operations of an organization’s international branches,…
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US – US-based chemical company Dow has signed a detailed letter of intent (LOI) with Nexus Circular for Dow to secure the production output of a newly constructed advanced recycling facility in Dallas, Texas. The new facility will process and convert over 26,000 MTs annually of previously non-recycled plastic into a circular feedstock that will be delivered back to Dow…
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SWITZERLAND – Swiss investment management firm JBF Finance has unveiled the public tender offer for all publicly held shares of Swiss packaging equipment supplier Bobst Group. The firm has offered to buy the shares for Sfr78 ($80.91) for each of Bobst’s shares in cash, already owning approximately 53% of the company’s shares and voting rights. The current offer represents a…
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AUSTRALIA – Australian retailer Woolworths Group has partnered with sustainable packaging solutions provider Pact Group to boost recycled packaging and achieve circular packaging. The partnership intends to replace 18,000 tonnes of manufactured plastic with recycled plastic produced locally each year, reducing carbon emissions of 25,000 tonnes. The deal also aims to make Pact a key strategic partner by volume for…
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US – California-based leading supplier of certified fair-trade and organic Açaí in the world, Sambazon has committed to achieving plant-based and post-consumer recycled packaging for all US retail products by 2025. In its inaugural Impact report, the popular brand of Açaí-based foods and beverages has stated that at the end of 2021, 64% of its US retail packaging was made…
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SWITZERLAND – Swedish-Swiss multinational food packaging and processing company, Tetra Pak has announced plans to test a fibre-based barrier as a replacement for the aluminium layer in its food cartons for improved climate impact and recyclability. The “industry-first” technology is currently on shelf for commercial consumer testing for food carton packs distributed under ambient conditions. According to the packaging leader,…
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GLOBAL – European packaging companies Stora Enso and Huhtamaki and US-based metal packaging producer Crown Holdings have recorded growth in sale in second quarter of FY22. Stora Enso posts 18% sales growth Finnish pulp and paper manufacturer has recorded €3.05 billion (US$3.12 billion) in sales for the second quarter (Q2) of the fiscal year 2022 (FY22), up by 18% from…
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INDIA – The Government of India has proposed adding additional health warnings to tobacco packaging, reports The Hindu Business Line. The latest notification from the Union Ministry of Health and Family Welfare (MoHFW) is an amendment to the existing Cigarettes and other Tobacco Products (Packaging and Labelling) Rules, which have been in force since 2008. According to a notification by…
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US – US-based hybrid packaging company, Berlin Packaging has completed the acquisition of Jansy, a leading provider of turnkey packaging solutions to the health and beauty industry. Founded in 2007 by Brad Zaikov, Jansy offers a range of value-added services, including product formulation, lab services, testing, blending and filling services, sustainable packaging solutions, and procurement and shipping for all types…
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