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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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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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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In a unique gesture to celebrate Saudi Arabia’s National Day, Heinz has removed its iconic logo from ketchup bottles, replacing it with a plain green label. This special edition, launched today, allows consumers to personalize their bottles with messages of national pride. Instead of the familiar Heinz branding, the bottles feature an empty …
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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 …
Rebound, a UAE-based subsidiary of Sirius International Holding, has launched a subscription-based recycling platform aimed at enhancing the circular economy. The platform facilitates global connections between buyers, sellers, and partners of recyclable materials, while offering a model that charges 0% commission on trades to boost profitability. The platform, which now supports a wider …
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Felix Schoeller, a global specialty paper manufacturer, is set to open a new competence center in Istanbul in January 2025, expanding its services to Turkey and the Middle East. The center will provide customer service, technical support, and consulting for its premium specialty papers. The announcement was made ahead of the Intermob trade fair …
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Fosber S.p.A. has announced the appointment of a new agent for key markets in the Middle East, including the United Arab Emirates, Saudi Arabia, Qatar, Oman, and Kuwait. The company has partnered with Print & Pack TEC, a provider of solutions and services for the paper converting and corrugated industries in the region. …
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Gidea PAC will showcase its expanded range of sustainable packaging solutions at BeautyWorld Middle East 2024, set to be held from 28 to 30 October at Booth Hall 3, 3-E36. Building on last year’s success, the company aims to highlight its advancements in eco-friendly packaging. Addressing environmental concerns, Gidea PAC has developed new …
Reifenhäuser Group, a leading provider of plastics extrusion technology, is significantly expanding its field service operations in the Middle East and Africa (MEA) region. This move follows the establishment of a sales office in the United Arab Emirates five years ago and aims to enhance local customer support. The company is opening a …
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