With a bold vision to provide best technologies and service, Egyptian packaging and print business, First Company for Industrial Development (First Group) is working with partners and suppliers who can help realise their ambitions. For more than two decades, the company has partnered with Bobst to ensure customers can benefit from state-of-the-art production capabilities …
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Electronics For Imaging (EFI) has reported that Istanbul-based Modern Ambalaj has installed an EFI Nozomi C18000 Plus single-pass inkjet corrugated packaging printer. Founded in 1997, Modern Ambalaj is Turkey’s largest producer of corrugated packaging, operating out of six factories making approximately 600,000 tonnes of corrugated packaging annually. Modern is continuing to grow, with the …
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Koenig & Bauer AG has announced that it has exceeded its own forecast for preliminary Group earnings before interest and taxes (EBIT) for 2021. This report is on the basis of its preliminary and as yet unaudited figures. Despite the ongoing pandemic in 2021 and a challenging procurement environment, EBIT of around €29m was …
Mondi is pleased to announce that it has entered into an agreement to sell its Personal Care Components business (PCC) to Nitto Denko Corporation (Nitto) for an enterprise value of €615 million, which is also the approximate cash consideration payable to Mondi at completion. Mondi’s strategic focus to grow in packaging and the limited …
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Mondelez International highlighted its strategy for the Asia Pacific, Middle East & Africa (AMEA) region at the 2022 Consumer Analyst Group of New York (CAGNY) Conference. Dirk Van de Put, chairman and chief executive officer, and Maurizio Brusadelli, executive vice president and president, AMEA spoke about the growth opportunities in the large and diverse …
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Flint Group has confirmed the successful completion of the sale of its XSYS division (XSYS) to an affiliate of Lone Star Funds (Lone Star), a global private equity firm. Steve Dryden, CEO of Flint Group said, “We are delighted to have completed the sale of our XSYS division. The transaction is attractive, both financially …
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Published on 1 March 2022, SIG’s first combined Annual and Corporate Responsibility Report for 2021 explores the company’s progress on the Way Beyond Good as part of its core business strategy, highlighting increased uptake of SIG’s most sustainable packaging solutions and the launch of new industry-leading sustainable innovations. Samuel Sigrist, CEO of SIG said, …
Oki Meita has announced its partnership with Rookie Ninja for their industrial verticals solutions including office products distribution in the United Arab Emirates, effective from 1 February 2022. Shashank Patel, managing director at Rookie Ninja said, “Oki’s reliability and exceptional quality over the last 130 years has touched countless lives and we are humbled …
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Cosmo Films, a company in films for packaging, labelling, lamination and synthetic paper, and an emerging player in specialty chemicals, polymers and pet care, has announced its financial results for the quarter ended December 2021. Q3FY22 EBITDA has increased by 44% (vs. corresponding quarter) on the back of higher specialty sales, better operating margins …
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Octal is a major global producer of PET sheet. It owns the proprietary direct-to-sheet (DPET) technology, which eliminates several energy-intensive conversion steps, resulting in the lowest cost production method for PET sheet. The company serves a long-standing customer base across the Americas, Middle East, and Europe, through a logistically advantaged position centered in Oman. The …
