Huhtamaki acquires Elif, reinforces market position

Huhtamaki has entered into an agreement to acquire Elif Holding A.Ş. (Elif), a major supplier of sustainable flexible packaging to global FMCG brand owners, with operations in Turkey and in Egypt. With this acquisition, Huhtamaki reinforces its position as a leading flexible packaging company in emerging markets and strengthens its existing flexible packaging business in …

UFlex Ltd posts record net profit as demand for packaging materials surges

The largest flexible packaging company in India and one of the leading flexible packaging companies in Asia pacific region Uflex Ltd declared its earnings for the quarter ending March 2021 and fiscal 2020-21, posting strong numbers with surge in Consolidated Net Profit of 163% as its Consolidated EBITDA jumped by 87%.   Declaring its earnings …

Reasons for the UAE’s historic and current growth

Diversification over the decades and an effective coronavirus response last year accounts for the country’s past and present successes The UAE economy has expanded 57 times in the past five decades, rising from AED6.5billion to about ED353.9bn in 2020. In 2021, gross domestic product is expected to swell to AED373.15bn, as per International Monetary Fund …

Constantia Flexibles announces the acquisition of Propak in Turkey

Constantia Flexibles signed an agreement to acquire the packaging producer Propak located in Dücze, Turkey. Propak is a leading player in the European packaging industry for the snacks market operating out of one plant with approximately 360 employees and will perfectly complement Constantia Flexibles’ packaging solutions portfolio. The acquisition elevates Constantia Flexibles to one of …

Ferrarini & Benelli to present latest digital innovation at Virtual Drupa

Ferrarini & Benelli is officially one of the exhibitors of Virtual Drupa, the digital version of the Drupa Exhibition taking place from the 20th to the 23rd of April.   In an effort to boost productivity and improve digital relations, the organizers have set up a digital version of the Drupa exhibition. Ferrarini & Benelli …

How cause-related packaging can boost your brand

To stimulate consumer and shopper response to cause marketing, brand owners are increasingly turning to package design writes Doaa bin Thabit, Contributing Editor, Packaging MEA   Do good to do well” is becoming the motto for a growing number of consumer-packaged goods companies and the way that businesses express their social responsibility. Thus, cause-related marketing …

Avery Dennison to Acquire JDC Solutions, Inc.

Glendale, CA —Avery Dennison has agreed to acquire JDC Solutions, Inc., a privately owned manufacturer of pressure-sensitive specialty tapes headquartered in Mount Juliet, Tennessee, for the purchase price of $24 million. JDC employs approximately 75 employees located at its headquarters and manufacturing site in Tennessee, with approximately $30 million in annual revenue.   JDC manufactures …

Will future exhibitions be digital, physical or hybrid?

Virtual shows are a necessity for now, but our industry depends on trade fairs. Packaging MEA Chief Editor Ben Daniel looks at the realities and possibilities of the live events scene returning vs. digital events.   The coronavirus pandemic has affected almost every country and most major industries. Packaging is no exception. Many live events …