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 and Sidel partner to establish new packaging hub in Ghana
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 …
Continue reading “Twellium and Sidel partner to establish new packaging hub in Ghana”
ExxonMobil launches Signature Polymers to enhance service and collaboration
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 …
Continue reading “ExxonMobil launches Signature Polymers to enhance service and collaboration”
Kraft Heinz expands Cairo Factory to boost production and exports
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 …
Continue reading “Kraft Heinz expands Cairo Factory to boost production and exports”
SABIC reports strong Q2 2024 profit surge to SAR 2.18 billion amid enhanced safety and sustainability achievements
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 …
drupa 2028 set for May: Nine-day event announced
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 …
Continue reading “drupa 2028 set for May: Nine-day event announced”
Borouge reports 33% increase in Q2 net profit driven by record production volumes
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 …
Continue reading “Borouge reports 33% increase in Q2 net profit driven by record production volumes”
RMB Corvest and Partners complete MBO of Nampak Liquid Cartons
RMB Corvest, in partnership with Dlondlobala Capital, has completed a management buyout (MBO) of Nampak Liquid Cartons, a division of Nampak Products Ltd, along with its operations in Zambia and Malawi. The acquisition will see the formation of the Diversified Liquid Packaging Group (DLP Group), which will retain its current operations and workforce. …
Continue reading “RMB Corvest and Partners complete MBO of Nampak Liquid Cartons”
Holoprint expands market presence in the UAE with sustainable innovations
Holoprint Security Solutions, part of the Holostik Group and established in 2015, has quickly emerged as a leader in the holographic products sector, particularly within the UAE. With its manufacturing plant in Dubai, Holoprint offers customized holographic security solutions to a diverse client base in over 40 countries. The company blends Indian values with …
Continue reading “Holoprint expands market presence in the UAE with sustainable innovations”
MEA paper industry set to exceed $20 Billion, driven by growing demand for sustainable packaging
The Middle East and Africa (MEA) paper and pulp industry is expected to surpass USD 20 billion within the next six to seven years, driven by growing demand for packaging solutions. GCC countries, particularly Saudi Arabia and the UAE, are leading this rise, with paper packaging playing a key role in the region’s growth, …