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US – American adhesives manufacturing company, HB Fuller has recorded net revenue of US$3.75 billion, up 14% versus fiscal year 2021 For the year ended 3 December, the company’s organic revenue increased by 17% year-on-year (YoY), driven by ‘responsibly strong’ pricing execution. HB Fuller recorded a net income of US$180 million and earnings per diluted share (EPS) of US$3.26 for…
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AUSTRALIA – Nestlé Professional has invested US$2.5 million in its Smithtown factory in New South Wales to bolster local manufacturing and support collaborative product developments, starting with a recyclable Hot Chockee cup. The company says that its Smithtown facility, where popular products like Milo, Nesquik and Nestlé hot chocolate are made and packaged, will now have the capacity to produce…
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LITHUANIA – Germany-based IFCO has announced the acquisition of Vilnius-based reusable packaging container (RPC) pooling services company PlasticPack, expanding its presence in the region. PlasticPack is the current market leader in Lithuania providing reusable packaging in the meat and dairy supply chains. Through this acquisition, IFCO aims to become the leading provider of RPCs for the fresh grocery supply chain…
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UK – British supermarket chain Asda has announced plans to replace ‘use by’ with ‘best before’ labels on its own yoghurt brand to cut food waste. The supermarket giant, which has a store in Arnold, says the change will help customers combat food waste at home. The label change follows data from climate action NGO WRAP, which says that half…
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US – American manufacturer of custom packaging solutions, Summit Plastics has completed the acquisition of Fredman Bag for an undisclosed sum. Based in Wisconsin and founded in 1889, Fredman specializes in custom flexible packaging serving a diversified customer base and end-markets, including food & beverage, healthcare/medical, agriculture, industrial, and retail. The firm operates a 50,000-square-foot facility with state-of-the-art printing and…
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SOUTH AFRICA – Sanlam Private Equity (SPE), a division of Sanlam Investments, has acquired a controlling stake in Gauteng-based waste management company, SkipWaste. As a business that neither owns nor operates landfill sites, SkipWaste is said to be a strong fit for SPE, with the firm noting its sustainability-led commitment. SkipWaste leverages its market share in waste logistics to drive…
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TANZANIA – Zaidi Recyclers, a Tanzanian recycling firm has launched a digital platform (NiBOOST integrated into the Zaidi App) for collecting dead car batteries for recycling, saving the environment and humanity from harm. The new digital platform has been put into use in the city of Dar es Salaam and is expected to expand to many localities in the near…
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NIGERIA – Sahara Foundation and Lagos State Employment Trust Fund have announced their strategic partnership geared towards rolling out a series of recycling exchange hubs across 12 local government areas in the state. In a statement by Sahara Foundation said that the project is being implemented by Wecyclers, a social enterprise with expertise in recycling. It is aimed at promoting…
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