According to preliminary calculations (unaudited), Heidelberg has achieved its own forecast for sales and EBITDA margin for the past financial year 2021/22 (April 1, 2021 to March 31, 2022) and returned to profitability. At €2.183 billion, sales were around 14 percent higher than the previous year, thus meeting the target of at least €2.1 billion. …
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Avery Dennison Corporation has announced details about two of its major investments aimed at expanding its manufacturing capacity and improving factory efficiency in Europe to meet growing demand for its label and packaging materials. The company stated it is one year into a three-year, €45 million expansion of its facilities at Champ-sur-Drac, France. Enhancements …
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VPF GmbH & Co. KG has announced a new adhesive material for tamper-evident labels. The manufacturer now uses paper instead of film, for the production of security material for label printing. With equally forgery-proof results, the checkerboard pattern known from security films is clearly visible after manipulation. Until now, security labels for first-opening, tamper …
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At Virtual Drupa 21, Francois Martin, Global Marketing Director of Bobst outlined a few ways in which sustainability in packaging is achievable, and how can one start making it a reality. Eleven leading brands: Unilever, PepsiCo, Marks and Spencer, Mars, L’Oréal, Walmart, Ecover, Werner and Mertz, Evian, Coca-Cola, and Amcor, have all committed to …
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The Egyptian Export Council for Printing, Packaging, Paper, Literary and Artistic Works has announced that the count’s export of printing, packaging, paper, literary and artistic works rose by 65 percent from January to February, hitting $198 million, compared to $120 million in the same period of 2021. The council’s report stated that five countries …
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Innovia Films (Innovia), one of the major producers of highly differentiated speciality films has announced the opening of a new 6.2 metre multi-layer co-extrusion line at its site in Płock, Poland. The state-of-the-art line will be dedicated to manufacture low-density polyolefin shrink film for shrink sleeve labels and tamper evident applications. The film forms …
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Organic food producer Rapunzel has announced using the HERMA InNo-Liner system to apply the secondary packaging label that plays such a crucial role in the logistics chain. Rapunzel produces and packs around a half of all its products at its headquarters in Legau in the Allgäu region of southern Germany. Its fastest packaging line …
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According to reports, FIPCO (Filling and Packing Materials Manufacturing Co) has turned to a net profit (after Zakat and tax) of SAR 400,000 million for the first quarter of 2022. The Riyadh-based company is one of the largest producer in Middle East which provides jumbo bags and other woven polypropylene packaging products for industrial …
Elopak has reported a 9% revenue growth. The company continued its strong operational performance in the first quarter of 2022 though its performance was negatively impacted by the ongoing conflict in Ukraine, as well as unprecedented high prices of raw materials. Highlights from Q1 2022: Revenues were EUR 243,4 million, a 9% increase compared …
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To meet the growing demand for sustainably produced packaging materials, Metsa Board announced last year an investment to increase the annual folding boxboard production capacity at its Husum mill by 200,000 tonnes. To extend the current folding boxboard capacity, detailed engineering and civil works have been in progress for several months. The board machine …
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