Huhtamaki is rated ‘A’ (on a scale of AAA-CCC) on the MSCI ESG Ratings assessment. The rating of ‘A’ puts Huhtamaki in the top 46% of companies in the packaging sector. The company stated, “Our rating improvement is driven by our top-of-industry governance practices and our continuous work to improve our risk management, by decreasing …
Siegwerk submits to Science Based Targets initiative
Siegwerk, one of the leading global providers of printing inks and coatings for packaging applications and labels, has signed the commitment letter for the Science Based Targets initiative (SBTi), and is the only major inks manufacturer to do so to date. The SBTi calls on companies to demonstrate their commitments to mitigating climate change …
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Agthia Group appoints Sherif Elfaham as CFO
Agthia Group PJSC, one of the region’s leading food & beverage companies, has announced the appointment of Sherif Elfaham as Group Chief Financial Officer, effective 1 January 2023. Sherif brings strong strategic, commercial, and operational experience across a range of consumer-facing businesses, having spent over 20 years with Unilever in the UK, North Africa, …
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Almarai honors mothers of children with disabilities
Almarai Company honored the winning mothers in the fifth edition of the Almarai Award for the ideal mother for children with disabilities in the Medina region in a ceremony held under the patronage and honor of His Royal Highness Prince Saud bin Khalid Al-Faisal, Deputy Governor of the area, and in the presence of the …
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PepsiCo introduces new packaging goal
PepsiCo has announced a global packaging goal intended to double the percentage of all beverage servings it sells delivered through reusable models from 10 to 20 percent by 2030. This ambition is part of PepsiCo Positive (pep+), the company’s strategic, end-to-end business transformation that puts sustainability and people at the center of how the company …
Blue Ocean Closures obtains investment from Alpla Group
Blue Ocean Closures, the Swedish start-up developing proprietary fiber-based screw caps, has obtained a second investment from co-owner Alpla Group in order to further develop and speed up the process of bringing environmentally friendly closure solutions to market. Christian Zmölnig, Director Corporate Research, Development and Innovation at Alpla Group said, “We have seen great …
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Notpla wins Earthshot Prize for its packaging
Notpla has been announced as the winner of the prestigious environmental award, The Earthshot Prize. Founded in 2020 by His Royal Highness, Prince William, and the Royal Foundation, the Earthshot Prize aims to find innovative solutions that can repair the planet by 2030. Recognised for their inspiring efforts to create a fully sustainable and …
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Mondi expands its paper bag footprint in Morocco
Mondi, one of the global leaders in sustainable packaging and paper, has started production at its €16 million greenfield plant in Morocco, which can produce 100 million paper bags each year. This brings Mondi’s total capacity in West Africa to over 500 million bags annually, helping to meet the growing customer demand for paper …
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Sabic introduces new HDPE solution for bottles in KSA
Sabic, a global leader in the diversified chemical industry, has introduced a new high-density polyethylene (HDPE) with mechanically recycled content as part of TRUCIRCLE, the company’s commitment to help accelerate a circular economy for plastics. The material was custom-developed for blow molding of motor oil and lubricant bottles. It has a content in the …
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Aptar develops sustainable packaging for omnichannel distribution
Aptar Beauty + Home has announced its progress made towards creating dispensing solutions designed to address the demand for omnichannel and more sustainable packaging. This represents the company’s response to the increase in e-commerce sales driven initially by the Covid-19 pandemic, but a trend that is clearly here to stay. The segment’s three-pronged approach, …
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