Nampak to raise US$112.6M through rights offer to cover debt, operational costs

SOUTH AFRICA – Africa’s leading diversified packaging manufacturer, Nampak, expects its headline earnings per share to decrease to between 33c and 37c for the year ended September, compared to headline earnings per share of 62.3c in the prior year, representing a decrease of between 41% and 47%. While releasing the trading update, the packaging company also revealed that it is…

Read More

Eighty-nine percent of UK adults support compostable packaging, survey reveals

UK – A survey commissioned by compostable packaging provider TIPA has revealed that most adults in the UK support replacing plastic packaging with compostable alternatives. Conducted by YouGov, the survey involved 1,734 UK adults and was carried out online from 15 to 16 November. The data show that 85% of respondents would back a ban on conventional plastic packaging if…

Read More

Granules India expands operation in US with new packaging facility

US – India-based pharmaceutical company Granules India has revealed plans to develop a US$12.5 million pharmaceutical packaging facility in Virginia, US. The new facility will be part of the company’s Consumer Health division and will return previously outsourced services in-house. Granules will lease 79,000 square feet of the Parkway 66 property at 7413 Cushing Road in Manassas and build out…

Read More

Dubai Chamber establishes business groups to improve sustainability

UAE – The Dubai Chamber of Commerce has launched the Bottled Water Business Group and the Circular Packaging Association as part of its efforts to strengthen the private sector’s role in economic growth. The Bottled Water Business Group will focus on promoting and developing the sector’s practices in line with international sustainability standards. By working with partners in the business…

Read More

CheckSammy secures US$15M equity investment to scale operations

US – British Columbia-based material and recycling hauler, CheckSammy has secured a US$15 million strategic investment to bolster its tech stack and better divert materials for customers of all sizes. The equity investment has been provided by Zero Infinity Partners and a term debt facility provided by a pair of Toronto-based companies in FirePower Capital and PaceZero Capital Partners. CheckSammy…

Read More