Paboco and Blue Ocean Closures have introduced the packaging industry’s first market-ready paper bottle and fiber-based cap. This innovation is available now, with consumer products featuring the new packaging expected to launch in early 2025. Paboco’s new product line builds on years of experience with paper-based packaging. “We are changing the material options …
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BOBST has expanded its global footprint with the inauguration of a new Labels & Flexible Packaging Competence Center in Florence, Italy. This facility builds on the company’s existing efforts to advance packaging production through connectivity, digitalization, automation, and sustainability. With 350 employees focused on narrow-to-mid web printing and converting, the new 1,200-square-meter center …
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International Paper has announced that it has secured the required shareholder approval for its planned acquisition of DS Smith. Earlier last week, DS Smith shareholders also voted in favor of the deal, paving the way for the completion of the transaction. The acquisition, expected to close by the end of the fourth quarter …
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Almarai Company has signed an agreement through its subsidiary, Teeba Investment for Developed Food Processing Company, to acquire 100% of the shares in Hammoudeh Food Industries. The deal, valued at SAR 263 million, is subject to adjustments and awaits regulatory approvals in Saudi Arabia and Jordan. Hammoudeh Food Industries, with over 50 years …
Twellium Industrial Company has teamed up with Sidel to develop a new state-of-the-art packaging facility in Kumasi, Ghana. The greenfield project, which marks Twellium’s third production site, will house two complete PET packaging lines for both still and carbonated beverages. Twellium, known for producing non-alcoholic beverages such as Verna Mineral Water and brands like …
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ExxonMobil has announced the launch of Signature Polymers, a new portfolio brand aimed at enhancing service and partnership within the polymers industry. The initiative, announced on October 1, 2024, in Spring, Texas, is part of ExxonMobil’s strategy to streamline its polyolefins portfolio and strengthen collaboration across the value chain. Signature Polymers consolidates ExxonMobil’s …
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Lieutenant General Engineer Kamel El-Wazir, Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, officially inaugurated the expanded Cairo Food Industries Factory, operated by Kraft Heinz, on Saturday. The ceremony was attended by US Ambassador to Egypt Hiro Mustafa, Minister of Investment and Foreign Trade Hassan El-Khatib, Minister of Supply and …
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SABIC, a leader in diversified chemicals, announced a net profit of SAR 2.18 billion ($0.58 billion) for the second quarter of 2024, a significant increase from SAR 0.25 billion ($0.07 billion) in the previous quarter. This growth reflects improved product margins and increased sales volumes, as well as effective management of regional supply chain …
The next edition of drupa, the leading global trade fair for printing technology, is scheduled for 9 to 17 May 2028 in Düsseldorf. In line with its four-year cycle, drupa 2028 will be held over nine days, reflecting the evolving needs of the printing and packaging industry. The 2024 edition of drupa highlighted …
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Borouge Plc announced a 33% year-on-year increase in net profit for the second quarter of 2024, reaching $308 million, supported by strong sales and cost efficiencies. Revenue for the quarter totaled $1.5 billion, up 6% compared to the previous year, exceeding analysts’ expectations. The company achieved an industry-leading EBITDA margin of 41%, reflecting …
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