Aramco has announced the completion of its acquisition of a 70% stake in Saudi Basic Industries Corporation (Sabic) from the Public Investment Fund (PIF), the sovereign wealth fund of Saudi Arabia, for a 259.125 billion riyals (259.770 billion dirhams), equating to 123.39 riyals (121 dirhams) per share. The deal enhances Aramco’s presence in the …
Continue reading “Aramco transforms into major global petrochemical player with Sabic acquisition.”
Packaging MEA editor Ben Daniel explores how a combination of experience and expertise has made customers glowing about OMET’s narrow and mid web flexographic and combination printing presses and their team. With customer expectations on the increase, label and flexible packaging print and conversion have opened up more choice and competition. This has …
Al Safi Danone has been recognised as one of Saudi Arabia’s best employers. The Best Places to Work programme provides employers around the world the opportunity to learn more about the engagement and satisfaction of their employees and honour those who deliver an outstanding work experience with the best working conditions. Al Safi Danone …
Continue reading “Al Safi Danone honoured as one of the best places to work in KSA”
The region’s major Domino’s franchiser explains to Packaging MEA Contributing Editor Doaa Thabit how it helps the needy during Ramadan and coronavirus, and how it adapts its packaging for special events Saudi Arabia-based Alamar Foods, as the major franchise operator for Domino’s Pizza in the Middle East, North Africa and Pakistan (MENAP) region, has, …
Continue reading “How Alamar is working for good – one pizza at a time”
DFC to sign Letter of Interest for investment in Kodak’s expansion into pharmaceuticals Eastman Kodak Company (Kodak) to support the launch of Kodak Pharmaceuticals. The new business unit will produce critical pharmaceutical components that have been identified as essential but have lapsed into chronic national shortage as defined by the Food and Drug Administration (FDA). …
Continue reading “Kodak announces initiative to create Kodak Pharmaceuticals”
Heidelberger Druckmaschinen AG (Heidelberg) is systematically pursuing the company’s realignment. Having decided to focus on its core business of sheetfed printing, Heidelberg is selling the Gallus Group to the Swiss packaging business benpac holding ag in Stans while facing up to the challenging situation created by Covid-19. In the future, Heidelberg and benpac …
Continue reading “Heidelberg sells Gallus Group to Benpac Holding Switzerland”
German printing press builder Manroland Sheetfed has announced it is pulling out of participation in Drupa 2021. Although Drupa, the world’s biggest exhibition of print equipment, is now not taking place until April 20-30 next year – having been postponed from 2020 as a result of the coronavirus pandemic – Manroland nevertheless says …
Continue reading “‘It makes no sense’, says Manroland as it pulls out of Drupa”
Komori Corporation has announced its withdrawal from participation in the rescheduled Drupa event due to abiding concerns over the coronavirus crisis. Drupa, the largest equipment fair on the print industry calendar, postponed this year’s event as the pandemic grew. It will now go ahead on April 20-30, 2021, in Dusseldorf, but will do …
Continue reading “Komori puts safety first and withdraws from Drupa”
FrieslandCampina informed its employees today of its intention to close the production facility in Rijkevoort, the Netherlands on 1 October 2020. As a result all 86 jobs will be redundant. The production facility in Rijkevoort produces, among other things, film-ripened cheese. The decision to definitely close the Rijkevoort site was taken because of the …
Continue reading “FrieslandCampina intends to close its facility in Rijkevoort”
The trend towards ever-shorter innovation cycles in the print media industry has accelerated rapidly. Data-based digital business models are emerging in very short time intervals and are constantly being modified to align with current specific customer requirements. Customers thus need to be informed about the latest trends quickly, flexibly and on an ongoing basis. As …
