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 …

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 …

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 …

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 …

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 …

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.   …

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 …

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, …

Fosber partners with Print & Pack TEC to expand Middle East presence

  Fosber S.p.A. has announced the appointment of a new agent for key markets in the Middle East, including the United Arab Emirates, Saudi Arabia, Qatar, Oman, and Kuwait. The company has partnered with Print & Pack TEC, a provider of solutions and services for the paper converting and corrugated industries in the region.   …