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 expands Recycling Infrastructure in Abu Dhabi with 25 Reverse Vending Machines
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 …
Avery Dennison launches INGEDE12-certified paper label solutions for packaging recycling
Avery Dennison Corporation (NYSE: AVY) has announced its first range of INGEDE12-certified paper label solutions, aimed at enhancing the recycling of paper and cardboard packaging. This initiative aligns with the company’s ongoing efforts to support a circular economy through innovative materials. The new label range incorporates advanced adhesive technology that facilitates the separation …
Paperworld Middle East introduces Kraft and Packaging Section as MEA Market grows
The 13th edition of Paperworld Middle East, scheduled for 12-14 November at the Dubai World Trade Centre, will feature a new Kraft and Packaging section. This addition addresses the rising demand for sustainable materials in the paper industry and highlights the increasing regional focus on environmentally friendly packaging solutions. Research from Mordor Intelligence …
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RMB Corvest and Partners complete MBO of Nampak Liquid Cartons
RMB Corvest, in partnership with Dlondlobala Capital, has completed a management buyout (MBO) of Nampak Liquid Cartons, a division of Nampak Products Ltd, along with its operations in Zambia and Malawi. The acquisition will see the formation of the Diversified Liquid Packaging Group (DLP Group), which will retain its current operations and workforce. …
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Tetra Pak unveils first Arabia Sustainability Report with emphasis on circular economy
Tetra Pak has released its first-ever Arabia sustainability report, highlighting the company’s initiatives and investments in circularity and environmental sustainability across the Middle East. The report outlines Tetra Pak’s progress in key areas including circularity, climate action, food systems, and social responsibility. A central focus of the report is Tetra Pak’s investment in …
MEA paper industry set to exceed $20 Billion, driven by growing demand for sustainable packaging
The Middle East and Africa (MEA) paper and pulp industry is expected to surpass USD 20 billion within the next six to seven years, driven by growing demand for packaging solutions. GCC countries, particularly Saudi Arabia and the UAE, are leading this rise, with paper packaging playing a key role in the region’s growth, …
Sistrade advances energy efficiency and sustainability with new tool
Sistrade is focusing on supporting both national and international partners in achieving the European Union’s Green Deal goals, aiming for carbon neutrality by 2050. To address the current energy crisis, marked by soaring oil and gas prices, the EU is accelerating efforts to reduce reliance on non-renewable energy sources. The manufacturing sector, which …
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McDonald’s progress and strategy in sustainable packaging and waste reduction
McDonald’s is advancing its efforts to reduce waste and transition to sustainable packaging and toy materials. These initiatives are aimed at supporting environmental protection and long-term business resilience. Key strategies include redesigning packaging, exploring alternative materials, and enhancing recovery opportunities. Recent Achievements By late 2023, McDonald’s had achieved approximately 86.7% of its goal …
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Origin Materials unveils CapFormer System, completes Factory Acceptance Test
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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