Sonae SGPS, the Portuguese retailer owner of the Continente brand, is in negotiations with the Abraaj Group to acquire Egyptian supermarket chain Spinneys. Sonae is hoping to acquire all of Spinney’s store network in Egypt, reportedly 13 outlets in Egypt, the majority of which are hypermarkets. Sonae will partner with a local retail operator, whose …
Continue reading “Portugal’s Sonae is eyeing Abraaj Group’s Spinney’s in Egypt”
Middle East Paper (MEPCO) has been declared as the place to work in the Kingdom of Saudi Arabia. The accolade for 2017 bestowed after a research and management consulting firm assessed applicants from over 100 companies on a variety of parameters before choosing the company most deserving of the title in each market. MEPCO was …
Continue reading “MEPCO declared Great Place to Work in 2017 in KSA”
Bobst’s tagline – 20SEVEN-We make it happen – received a big boost with the Bielefeld Open House on 27-28 February seeing a huge turnout of over 400 visitors. Among the visitors were leading packaging converters and industry suppliers who travelled to Germany from more than 20 countries to discover Bobst’s new 20SEVEN CI flexo press …
The Klingele Group has ordered a six-colour press with a working width of 2,800 mm for its Delmenhorst box plant. The press, a completely new design, stretches from the feeder, via the printing unit and rotary die-cutter to the delivery. At Drupa 2016, Koenig & Bauer announced its return to the corrugated market. Koenig & …
Nestlé today announced that it agreed to sell its U.S. confectionery business to Ferrero for USD 2.8 billion in cash. Nestlé’s 2016 U.S. confectionery sales reached about USD 900 million. The transaction is expected to close around the end of the first quarter of 2018 following the completion of customary approvals and closing conditions. Nestlé …
Continue reading “Nestlé agrees to sell U.S. confectionery business to Ferrero”
Harwal Group has signed a deal for its second Bobst 20SIX CI flexo press at its associated company, Riyadh Plastic Factory Company (RPF), which will extend the company’s capacities for production of flexible packaging. Harwal Group’s member, Interplast, based out of Sharjah, became the first to buy a Bobst 20SIX CI flexo press in 2014. …
Continue reading “Harwal Group orders second BOBST 20SIX CI flexo press”
More than 60 brand owners directors and print technicians took part in a Comexi open house called Offset Innovation Day at its headquarters in Riudellots de la Selva (Girona, Spain). Comexi demonstrated the improvement it has made in terms of efficiency and productivity like the integration of the cylinder service station with the sleeve-handling robot, …
Continue reading “Over 60 key visitors witness Comexi’s technology upgrades at an open house”
Constantia Flexibles is pumping in a double-digit million Euro, INR 100-crore in its Indian subsidiary Ahmedabad-based Parikh Packaging in Gujarat. The flexible packaging specialist made the announcement during the recently concluded PlastIndia show in Gandhinagar, the capital of Gujarat. To be built on a new Greenfield site close to Parikh’s existing production site, Constantia broke …
Continue reading “Constantia Flexibles to expand production capacity in India”
Flint Group has acquired Italy’s Eston Chimica, in what it has described as a “tactical strategy to grow organically”. Eston manufactures and sells water-based inks for flexo and gravure applications. Kim Melander, vice president and general manager EMEA and global strategy, paper and board, at Flint, said, “Eston’s facility in Italy is fully automated providing …
Continue reading “Flint acquires Eston Chimica, expands footprint in water-based applications”
Cosmo Films, a global leader in films for packaging, lamination and labelling applications has announced commissioning of its second Cast Polypropylene (CPP) Line and fourth metaliser, both having an annual capacity of 7500 MT. With the installation of these new lines, the company’s annual CPP films capacity will go from 1800 MT to 9300 MT …
Continue reading “Cosmo Films to enhance capacity to 500 MT with new CPP and metaliser lines”
