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 …
Continue reading “Borouge reports 33% increase in Q2 net profit driven by record production volumes”
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 …
Continue reading “Holoprint expands market presence in the UAE with sustainable innovations”
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 …
Continue reading “Origin Materials unveils CapFormer System, completes Factory Acceptance Test”
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, …
Continue reading “Neopac wins ETMA award for World’s Smallest Child-Resistant Tube”
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 …
Continue reading “ALPLA and zerooo develop reusable PET bottles for cosmetics”
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 …
Industry leaders from the Arabian Gulf converged at the 13th annual Gulf Petrochemicals and Chemicals Association (GPCA) Plastics Conference on May 13-14, 2024, at the Address Sky View Hotel in Dubai. The event served as a platform for reaffirming their commitment to collaborative efforts aimed at advancing plastic circularity, investing in Design for Recycling …
Henkel has inaugurated a state-of-the-art beauty care production facility in Riyadh, aiming to meet the rising demand for personal care products in the Middle East. The new facility will manufacture a variety of items under the Pert brand, including shampoos, conditioners, and other specialized products. This development marks a significant step for Henkel …
Continue reading “Henkel inaugurates advanced beauty care production facility in Riyadh”
Borouge, in partnership with ADNOC and Borealis, has signed a Project Collaboration Agreement (PCA) with China’s Wanhua Chemical and its subsidiary Wanrong New Materials (Fujian) to explore the feasibility of establishing a speciality polyolefins complex in Fuzhou, Fujian Province. This proposed complex aims to produce 1.6 million tonnes per annum (MTPA) of speciality polyolefins, …
Continue reading “Borouge, ADNOC, Borealis partner for speciality polyolefins complex in China”
