Elopak ASA reported revenues of EUR 289.7 million in the second quarter of 2025, reflecting an organic growth of 2.4% compared to the same period last year, adjusted for currency effects. The growth was largely driven by strong performance in the Americas, supported by the continued ramp-up of the company’s new production …
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A subsidiary of the Abu Dhabi Investment Authority (ADIA) has agreed to divest its approximately 50% stake in IFCO Group to Stonepeak, an alternative investment firm focused on infrastructure and real assets. The deal positions Stonepeak as a joint and equal owner alongside Triton, which remains a committed partner in the business. …
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Huhtamaki Egypt has received the Golden License from the Egyptian Cabinet to establish a molded fiber packaging plant in Sadat City, Monufia Governorate. The facility, set to open in August 2026, will be developed with a total investment of EGP 1.47 billion. The plant will cover 22,000 square meters and …
[DUBAI, UAE – August 1, 2025] Trident Group has opened a new office in Dubai, marking a significant step in its international expansion strategy. The Indian business conglomerate, known as the world’s largest manufacturer of terry towels, aims to leverage Dubai’s strategic location to extend its footprint across the GCC, Africa, and CIS regions. The …
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Imdaad has signed a Memorandum of Understanding (MOU) with Enviroserve Services to promote responsible e-waste collection and recycling across key developments in Dubai. Under the agreement, Enviroserve will install smart e-waste bins, skips, and recycling points in facilities managed by Imdaad, primarily within the Jebel Ali Free Zone (JAFZA). The initiative …
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Siegwerk Druckfarben AG & Co. KGaA has signed an agreement to acquire Allinova, a specialty chemicals company based in Hengelo, the Netherlands, known for its expertise in water-based dispersions. The deal, announced on August 11, 2025, aims to strengthen Siegwerk’s coatings business, particularly in functional coatings for packaging. Allinova’s product range includes polymer dispersions, wax …
Dammam, Saudi Arabia – His Excellency Bandar AlKhorayef, Minister of Industry and Mineral Resources, has inaugurated PepsiCo’s expanded manufacturing plant in Dammam’s 2nd Industrial City, signaling the company’s ongoing investment in Saudi Arabia’s industrial sector. The SAR 300 million ($80 million) expansion is part of PepsiCo’s broader SAR 9 billion ($2.4 …
SIG has partnered with PulPac to develop paper-based closures for aseptic cartons, aiming for large-scale production of caps and bases using Dry Molded Fiber technology. Announced on 22 July 2025, the exclusive programme seeks to match the performance of conventional plastic closures. The collaboration supports SIG’s commitment to reach 90 % …
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Napco Investment LLC, a Dubai-based subsidiary of Napco National, has announced the acquisition of Arabian Flexible Packaging, a Ghurair Group company. Effective 1 August 2025, the move supports Napco National’s regional expansion and aligns with the UAE’s In-Country Value (ICV) localization framework. Founded in 1982, Arabian Flexible Packaging is a well-established flexible packaging manufacturer …
Heidelberger Druckmaschinen AG (HEIDELBERG) has reported a strong start to financial year 2025/26, with first-quarter sales climbing to €466 million, up from €403 million a year earlier, driven by robust growth in Europe and Asia. The adjusted EBITDA improved to €20 million (Q1 2024/25: –€9 million), reflecting higher sales volumes, better capacity utilization, and cost-efficiency measures. …
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