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United Caps, an international manufacturer of caps and closures, announces the appointment of Vincent Chauvier as Chief Financial Officer, a promotion from his previous role as Finance Director. Chauvier has an extensive track record in the financial field across a variety of companies and industries. He started his career with accounting
Read moreA new US$100 million Coca-Cola bottling plant at Sebeta in Ethiopia is set to unlock export opportunities, increase local production and ease foreign exchange constraints as it adds 500 employees to the workforce of Coca-Cola Beverages Africa (CCBA) in the country. The inauguration of the Sebeta Dima Coca-Cola factory was attended
Read moreThe European plastics industry is tackling challenges on multiple fronts. In packaging, by far its biggest market, it has become a victim of its own success, particularly as the ideal material for single-use applications and people on the move. In building and construction, some infrastructure projects may go on hold as
Read moreAlpek, S.A.B. de C.V. announced that it has received all necessary approvals from the regulatory authorities and has finalised its acquisition of Octal Holding SAOC. Pursuant to the purchase agreement, Alpek acquired 100% of the shares of Octal for U.S. $620 million on a debt-free basis. Financing was secured through a
Read moreAxens, worldwide provider of technologies, products and services, and Toray Films Europe, a leading company in engineering plastics films, are announcing their collaboration to study a PET chemical recycling facility at Toray Films Europe production site in Saint-Maurice-de-Beynost (Ain, France). New units based on Axens’ Rewind PET technology will be coupled
Read morePetcore Europe has published a statement on microplastics and PET. It states that microplastics are not a component of PET and do not leach from PET packaging. Please find the full statement below: PET packaging protects the quality of food and drink products and ensures that they are safe for consumption.
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The WorldStar Packaging Awards ceremony took place in Milan at the beginning of May. Out of 440 entries from 37 countries, the “rPET School Milk Cup Project” from Austria won the Sustainability Award in Gold – beating out packaging made of cardboard, glass, aluminium and paper. What many define as a
Read moreThe ACCC will not oppose the proposed acquisition of Synergy Packaging Pty Ltd by Pact Group Holdings Ltd. Both Pact and Synergy manufacture and supply non-beverage rigid PET plastic containers. “Our investigation concluded that Pact is not a close competitor of Synergy and the acquisition was not likely to substantially lessen
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Consolidated revenues of more than 1.53 billion Euros, up almost 40% on 2020, with sales and orders returning to pre-Covid levels – these were the key facts that emerged from the Sacmi Imola Members’ Assembly held on Saturday 14 May, which approved the Group’s Consolidated Financial Statement and proceeded with the
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The Erema Group, which comprises Erema Group GmbH and its subsidiaries Erema, Pure Loop, Umac, 3S, Keycycle and Plasmac, closed the 2021/22 financial year with a 17 percent increase in revenue. Consolidated Group revenue amounted to EUR 295 million, and the number of employees increased to over 840. The Erema Group
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Netstal is strengthening its presence in the North American market with its new US subsidiary. Doug Haberman will lead Netstal Inc. as president. He will report to Renzo Davatz, CEO of Netstal, Member of the Executive Committee of the KraussMaffei Group and Board Director of the new company. Netstal Inc. is
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