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CANADA – Flexible packaging solution provider Imaflex has reported its gross profit for the first quarter (Q1) of fiscal year 2023 (FY23) dropped 33.3% to C$3.2m (US$2.3m) from C$4.8m (US$3.53m) in the same period in FY22. The company’s revenues for the quarter ending 31 March 2023 were C$23.2m (US$17.05m), declining 25.2% from revenues of C$31.1m (US$22.86m) in Q1 FY22. According…
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GLOBAL SOUTH – Global packaging solutions provider Amcor has forged a partnership with Delterra, Mars and P&G to address plastic pollution and develop circular systems across the Global South. As part of this strategic partnership, the companies will invest US$6m in innovative programs over the next five years to improve upstream and downstream solutions that are used in the circular…
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GERMANY – Ardagh Glass Packaging (AGP) has kicked off the construction of a new hybrid furnace to switch to renewable electricity at its glass production facility in Obernkirchen, Germany. The first-of-its-kind hybrid technology, dubbed NextGen furnace, will run mainly on renewable electricity and a small amount of gas. According to AGP, the furnace will use recycled glass cullet to make…
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SOUTH AFRICA – JSE-listed packaging group Nampak has swung into an interim loss of more than five times its R455 million (US$23.57m) market value, hit by massive writedowns as well as currency devaluation losses in Angola and Nigeria. The company reported a loss of R2.45 billion (US$126.90m) for its half-year to end-March, from profit of R321 million (US$16.63m) previously, with…
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UK – British multinational alcohol giant, Diageo, has announced plans to invest in a facility with the capacity to produce “hundreds of thousands of tons” of recycled-content aluminum. The Guinness brand owner has made an undisclosed amount of investment to help set up the British Aluminium Consortium for Advanced Alloys (BACALL), which it calls “a collective of industry experts who…
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USA – Battery manufacturer, Energizer Holdings, Inc. has announced plans to invest US$43 million to expand its battery production and packaging facilities in Asheboro. The company, which is best known for its Energizer batteries as touted by its iconic bunny, has been operating in Asheboro for almost 75 years. Energizer says that by upgrading its facilities with this new investment,…
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EUROPE – Canon Europe has unveiled Red Label Zero FSC® and Recycled White Zero FSC®, the first cradle-to-customer carbon-neutral, technical-wide format papers for the Architectural, Engineering, Construction and Manufacturing (AECM) industry. Canon says that both products are FSC-certified and 100% carbon-neutral. Red Label Zero FSC and Recycled White Zero FSC are also EU Ecolabel-certified, meaning the products have a guaranteed…
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GERMANY – Sustainable packaging and paper manufacturer Mondi has created new paper bags for use with Holz-Bauer’s wooden pellets, replacing unnecessary plastic. Mondi’s PelletBags are created from 2-ply Mondi kraft paper which is produced, printed and converted in-house before being sent to Holz-Bauer for filling and closing, using its secure sewing method with a static binder machine. With PelletBag, Holz-Bauer…
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