WestRock to sell stake in RTS to Sonoco, offloads two URB mills to Ox Industries

US – American corrugated packaging company WestRock has entered into a definitive agreement to wholly divest its ownership interest in RTS Packaging to its joint venture (JV) partner Sonoco. The deal, valued at US$330 million, also includes one WestRock paper mill in Chattanooga, Tennessee, US. Formed in 1997, RTS Packaging combines the former protective packaging operations of WestRock and Sonoco.…

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Upward Farms debuts new resealable packaging with 38% less plastic

US – Organic vertical farming company Upward Farms has unveiled a new resealable packaging design for its United States department of agriculture (USDA) certified organic microgreens. The company’s resealable packaging is now available at Whole Foods Market locations across New York and New Jersey, as well as DeCicco’s & Sons, Westside Market, Union Market, Foodtown, Morton Williams, D’Agostino’s and Gristedes.…

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Menasha Packaging expands its footprint in Pelahatchie, Mississippi

US – Menasha Packaging, a retail-focused packaging design, manufacturing, and merchandising solutions provider, has announced plans to expand operations in Pelahatchie, Mississippi. As part of the project, the company will invest US$79 million to expand its existing manufacturing facility in Pelahatchie Industrial Park and purchase additional machinery and equipment. Menasha Packaging Company President Mike Riegsecker said: “We are excited about…

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Greif to bolster jerrycan business with US$300M acquisition of Lee Container

US – American manufacturing company, Greif has agreed to acquire the manufacturer of jerrycans and other barrier and conventional blow-molded containers, Lee Container for US$300 million. The purchase price is before taking into consideration tax benefits with an estimated net present value of approximately US$30 million, Greif said in a news release. The acquisition will increase Greif’s jerrycans and small…

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AAAP gets global support and financial backing to tackle climate change in Africa

AFRICA – Global leaders have rallied support and finance for the Africa Adaptation Acceleration Program (AAAP) to tackle climate change in Africa. Africa Adaptation Acceleration Program is an Africa-owned and Africa-led initiative developed by the Global Center on Adaptation (GCA) and the African Development Bank (AfDB) in close collaboration with the African Union. The leaders attended the Africa Adaptation Leaders’…

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Climate action can strengthen long-term growth in Egypt, reveals World Bank

EGYPT – World Bank Group’s Country Climate and Development Report (CCDR) has revealed that climate change impacts, including growing pressure on Egypt’s vital water supply, pose an increased risk to the country’s long-term growth. According to CCDR, an ongoing commitment to climate action can transform these risks into opportunities and help Egypt to achieve its climate and development goals together.…

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