Shriji Polymers acquires controlling stake in Parekhplast

INDIA- Leading plastic packaging solution provider in rigid plastics for the pharma industry, Shriji Polymers has acquired a controlling stake in Parekhplast India Limited. According to industry sources, Parekhplast India’s valuation could be about US$24 million (more than ₹200 crores). The stake acquisition will allow Creador-backed Shriji Polymers to expand its footprint in the rigid plastic packaging space and diversify…

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Nelipak invests US$11.8M to develop flexible packaging site in North Carolina

US – US-based healthcare packaging firm Nelipak Healthcare Packaging is to invest at least US$11.8 million to develop a flexible packaging production site in Winston-Salem, North Carolina. The company says it will create at least 36 new jobs in Forsyth County and expects to make additional investments and job creation at the site over the next five years. “Nelipak’s decision…

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Encirc partners Diageo to build hydrogen-powered furnace to produce net zero glass bottles

UK – Encirc, a leading glass manufacturer and co-packer has partnered with the global leader in premium alcoholic drinks, Diageo to create the world’s first net-zero glass bottles at scale by 2030. Under the partnership, Encirc will build a new furnace at its Elton plant, Cheshire, a move understood to be a world first, aims to reduce carbon emissions by…

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BASF partners StePac to develop sustainable packaging for fresh produce

GERMANY – German chemical company BASF has partnered with functional packaging provider StePac to develop sustainable packaging for the fresh produce sector. The partnership comes after StePac recently received REDcert2 certification to incorporate chemically recycled polyamide 6 into its modified atmosphere packaging (MAP) products. BASF says it will supply StePac with its Ultramid Ccycled product, a chemically recycled polyamide 6…

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Mpact invests US$69M to upgrade its Mkhondo paper mill in Mpumalanga

SOUTH AFRICA – The board of paper and plastic packaging producer and recycler Mpact has approved a US$ 69.30 million (R1.2-billion) investment to upgrade Mkhondo paper mill, in Mpumalanga. According to Mpact, this investment will improve the mill’s paper machine, increasing its capacity by about 10 000 tonnes/year to 142 000 tonnes/year. This transformative project aligns with Mpact’s strategy to…

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Henkel completes US$45M expansion of Salisbury production facility

US – Germany-based multinational chemical and consumer goods company, Henkel has announced the completion of US$45 million Salisbury production facility in North California. The company added an area of 10,000ft² to the site to produce ultra-violet (UV)-curable acrylic pressure-sensitive adhesives (PSA). According to Henkel, the expansion will allow more sustainable and innovative PSAs to be brought to the tape, label,…

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