Castrol India Limited has increased the recycled content in its high-density polyethylene (HDPE) plastic bottles to 50%, marking another step in its sustainability journey. The company aims to use 2,600 metric tonnes of recycled plastic annually in its packaging portfolio by 2024. This development builds on Castrol’s previous efforts to enhance the sustainability …
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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 …
Tadweer Group has deployed 25 Reverse Vending Machines (RVMs) across strategic locations in Abu Dhabi, including Umm Al Emarat Park and Zayed International Airport, with plans for further installations. The initiative involves collaboration with various partners, such as the Ministry of Finance, Abu Dhabi Sports Council (ADSC), ADNEC Group, and the Department of Municipalities …
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 …
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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 …
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Origin Materials has introduced its CapFormer System, the first commercial-scale manufacturing system for PET caps and closures. The company has also successfully completed the Factory Acceptance Test for the system, validating its performance specifications with over 98% manufacturing efficiency. “Today marks a significant milestone for sustainable packaging and recycling,” said Origin Co-CEO and …
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Husky Technologies has announced a leadership transition, with current Chief Operating Officer Bradley Selleck set to take over as CEO on October 1, while long-serving CEO John Galt will assume the role of Chairman. Husky, a global provider of solutions for the beverage, consumer goods, and medical device markets, is part of Platinum Equity’s …
Neopac has been honored with the Tube of the Year Award from the European Tube Manufacturers Association (ETMA) for its 10mm Polyfoil® tube, recognized as the world’s smallest child-resistant tube. The award, presented in the Prototype category, highlights the innovation in compact and secure packaging. The 10mm Polyfoil® tube, featuring a child-resistant closure, …
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ALPLA and SEA ME GmbH’s zerooo have introduced a new line of reusable PET bottles designed for cosmetic and personal care products. Starting in September, brands in Germany will begin offering products like shampoo, shower gel, and body lotion in these 300-millilitre bottles. The bottles come in clear, milky white, and brown and are …
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Mauser Packaging Solutions, a leading global industrial packaging producer, has expanded its presence in South Africa with the acquisition of a plastic drum manufacturing business in Pinetown, Kwa-Zulu Natal. Previously owned by Nampak Products Ltd and later by Eliptotime PTY Ltd, the business was officially transferred to Mauser on August 1, 2024. This …
