South Africa’s Transpaco records 12.5% increase in full-year revenue

SOUTH AFRICA – SE-listed paper, plastic and packaging group Transpaco has reported an increase in revenue by 12.5% year-on-year to US$137.22 million (R2.34-billion) for the financial year ended June 30, on the back of material cost inflation and volume growth across the group. The company’s operating profit grew by 35.1% to US$13.06 million (R222.8 million) in the period, while net…

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Mondi opens in-house recyclability testing laboratory in Frantschach, Austria

AUSTRIA – Paper and packaging company Mondi has opened its first in-house recycling laboratory at its mill in Frantschach, Austria. According to Mondi, the new recycling laboratory will test the recyclability of paper and paper-based packaging components using non-paper components such as coatings. While paper packaging offers sustainability benefits, Mondi says it has some barrier functionality limits for products such…

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Novus Holding acquires majority stake in Pearson’s South Africa courseware unit

SOUTH AFRICA – Cape Town-based print and packaging manufacturer, Novus has concluded the agreement to acquire 75% stake in Pearson’s international courseware local publishing business. The deal, which is subject to the fulfillment of certain conditions and approval by competition authorities, gives cash-flush Novus a stronghold in the lucrative educational materials field as the group looks to diversify, reposition and…

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South Africa’s Sappi reports record Q3 Ebitda of US$371M

SOUTH AFRICA – Pulp and paper producer Sappi has reported record earnings before interest, taxes, depreciation and amortization (Ebitda) of US$371 million – excluding special items – for its third fiscal quarter ended June 30. The company on August 4 said this was an “excellent achievement against a backdrop of significant geopolitical turmoil, supply chain headwinds and extraordinary global inflationary…

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German startup, 1Less develops automated reuse system for catering packaging to close waste loop

GERMANY – Berlin-based start-up 1Less has created an innovative reuse system that uses RFID-tagged dishware and a smart waste bin, linked to a digital IoT platform, to create a new way to deal with single-use plastic cups, lids, containers and cutlery. The company has developed dishware, a handy name for food-service packaging and utensils, with a robust and long-lasting RFID…

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Flexible packaging company Epac eyes global expansion with raft of new plants

GLOBAL – High-quality flexible packaging provider, Epac has announced plans to accelerate its growth and transition to a global enterprise over the next 18 months. The packaging firm will establish eleven new sales and manufacturing locations across Europe, Asia Pacific, the Middle East/North Africa, and North America bringing ePac’s global footprint to 36 locations. In Europe, a second plant will…

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