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Month: July 2023

AGIC Capital expands in France with acquisition of luxury beauty packager Pure Trade

FRANCE – European-Asian private equity firm AGIC Capital has acquired a majority stake in Paris-based personal care packager Pure Trade. The acquisition of Pure Trade is AGIC’s first transaction in France, showcasing the company’s focus on geographical development and expansion. AGIC Capital aims to accelerate Pure Trade’s growth globally, particularly in the US and Asia-pacific. Cathy Duan-Plainer, director at AGIC…

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German scientists unveil regenerating biodegradable mineral biopolymer

GERMANY – Scientists at the University of Konstanz, Germany, have developed bio-based and biodegradable next-generation mineral plastics that can regenerate after damage. Created using a natural biopolymer – polyglutamic acid (PGlu) – the material was found to completely degrade after 32 days. First developed in 2016, the mineral plastics’ shortcoming was difficulty in biodegrading. “Previously, we used polyacrylic acid to…

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Silicon Box unveils US$2B semiconductor packaging facility in Singapore

SINGAPORE – Silicon Box, a Singapore-based semiconductor integration start-up launched its US$2 billion advanced semiconductor manufacturing facility, in Tampines creating more than a thousand jobs and boosting the country’s status as an advanced manufacturing hub. The Silicon Box foundry is a “world-first” focusing on true chiplet-based semiconductor manufacturing – the ability to build single chip packages through the interconnection of…

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Lafarge Egypt, Geocycle Egypt to clean Nile water from plastic waste

EGYPT – In conjunction with the Plastic-Free July month, Lafarge Egypt has collaborated with Geocycle Egypt to launch a voluntary initiative to remove plastic waste from the Nile River. The initiative hinges on cleaning the Nile water from all plastic wastes in Dahab Island, with the active and voluntary participation of around 35 Lafarge Egypt and Geocycle Egypt’s employees. Geocycle…

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VOID appoints former Dow president to advisory board as Croxsons names new stock and transport controller

UK – Materials science company VOID Technologies has appointed Diego Donoso to a senior advisory role, as Croxsons names Lara Jones as a stock and transport controller. Donoso recently retired from his role as President of Dow Inc’s Packaging and Specialty Plastics operating segment and brings more than 30 years of commercialization and marketing leadership. In this senior advisory role,…

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Appointments roundup: Billerud CEO to leave Company, Paper Excellence Group names new management team

EUROPE – Billerud’s board has announced that the company’s President and CEO Christoph Michalski is leaving the CEO role, with immediate effect. The board of Billerud has appointed the current CFO and deputy CEO, Ivar Vatne, as acting CEO. Ivar Vatne joined the company as CFO in May 2019 and has also been deputy CEO since October 2022. Before Billerud,…

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Financials round-up: Silgan records 8% sales decrease in Q2 FY23 as Ardagh Metal Packaging’s gross profit dip 33% in Q2 FY23

USA – Sustainable rigid packaging solutions provider Silgan has reported net sales of US$1.43 billion for the second quarter (Q2) of financial year 2023 (FY23), down 8% from the corresponding period’s figure of US$1.54 billion. During the quarter ending 30 June 2023, the company’s Dispensing and Specialty Closures segment saw its sales drop 7% to US$560.1 million, with its Metal…

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