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CANADA – Québec-based sustainable packaging company Cascades has reported C$1.16bn (US$868.5m) in sales in the second quarter (Q2) of financial 2023 (FY23), up from C$1.11bn (US$829.32m) in the corresponding period in FY22. The company registered an operating income of C$64m (US$47.82m) in Q2 FY23, compared to C$32m (US$23.91m) in Q2 FY22 and its earnings per common share were C$0.22, up…
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CHINA – Chemical company Dow has partnered with Mengniu, a leading dairy company in China, to launch an all-polyethylene (PE) yogurt pouch designed for recyclability. According to the companies, this innovation strengthens their commitment to achieving a circular economy in China. Leveraging the materials science expertise of Dow and the collaboration across the value chain, Mengniu developed its first all-PE…
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GERMANY – Global rigid packaging supplier Crown Holdings has completed the acquisition of Helvetia Packaging, a beverage can manufacturing facility in Saarlouis, Saarland, Germany. The acquisition of the Saarlouis facility will expand Crown’s European beverage can platform to Germany with approximately one billion units of annual can capacity. At closing, and as part of the agreement, Crown will assume the…
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