Africa's No.1 Packaging Industry Magazine
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…
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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…
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UK – Müller Milk & Ingredients has announced plans to switch all its colored milk bottle caps to clear, recyclable plastic, following a series of successful trials. The dairy giant said it aimed to convert its whole range – consisting of both its own label and branded milk – by next summer and had already started the process. In a…
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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…
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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…
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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…
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