Talabat, a subsidiary of Delivery Hero, has launched its initial public offering (IPO) as it seeks to capitalize on growth opportunities in its existing Middle East markets. Delivery Hero plans to sell 15% of Talabat, equivalent to 3.49 billion shares, in a Dubai listing expected to raise over $1 billion, according to sources. If …
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Artotec Private Limited, a Karachi-based company specializing in offset, flexo, and corrugation printing and packaging since 2008, has recently enhanced its operations with the installation of a Lombardi Synchroline 530 labeling press. Artotec has been a key player in the packaging industry, offering custom corrugated packaging and advanced post-printing techniques. The new Synchroline …
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The 28th edition of Beautyworld Middle East officially opened yesterday at the Dubai World Trade Centre, featuring over 2,000 exhibitors and expecting more than 70,000 attendees from across the globe. This premier beauty and wellness trade show runs from October 28 to 30 and emphasizes sustainability, particularly in packaging. Her Excellency Hessa Bu …
JBF RAK LLC, a leading manufacturer of polyethylene terephthalate (“PET”) polymer resin and Bi-Axially Oriented Polyester Films (“BoPET”) in the Gulf Region, announced a holistic restructuring plan under which JBF RAK, currently a subsidiary of JBF Group, exits the JBF Group, ensuring that JBF RAK maintains its own governance, management, and independent operations. …
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BOBST, a prominent supplier of substrate processing, printing, and converting equipment, has announced the establishment of its new subsidiary, Bobst Algiers, in Algeria. This move aims to improve customer support and service for the expanding North African packaging and labeling markets. The inauguration event for Bobst Algiers will welcome customers and partners, providing …
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Uber Eats has teamed up with Releaf Paper to introduce eco-friendly food delivery bags made from fallen leaf fibres in France. The initiative, part of Uber’s broader sustainability strategy, was announced at the Go Get Zero event in London and will initially roll out in Paris through the newly launched Green Packaging Marketplace. …
Koenig & Bauer has released its financial results for the first half of 2024, reporting mixed outcomes across segments amid challenging market conditions. The company confirmed that it expects to achieve its full-year earnings target at the lower end of the forecasted range of €25–40 million, with revenue anticipated to reach approximately €1.3 billion. …
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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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