Ericsson and stc Group’s iot squared have introduced the Ericsson Connected Recycling platform in Saudi Arabia, with Alshaya Group as the first adopter. The initiative aims to enhance waste management by diverting over 50% of Alshaya’s waste from landfills to recyclers, enabling the development of packaging with recycled content and improving waste tracking. …
Debbane Pour l’Agriculture Algeria partners with Masterpak to introduce agri film
Debbane Pour l’Agriculture Algeria, a subsidiary of Lebanon-based Debbane Group, has partnered with Masterpak, part of the Indevco Group, to introduce Agri Film in Algeria. The agricultural film is designed for greenhouse farming, aiming to enhance productivity and sustainability. The collaboration combines the expertise of both companies to provide solutions tailored to the …
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Heidelberg boosts profitability in Q3, packaging fuels growth
Heidelberger Druckmaschinen AG (Heidelberg) has reported a notable increase in profitability for the third quarter of the 2024/2025 financial year, with an adjusted EBITDA margin reaching 9.2%, up from 5.7% in the same period last year. The company attributes this improvement to high capacity utilization and cost-cutting measures. Sales for the quarter remained …
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Coca-Cola Nigeria opens advanced Packaging Collection Hub to drive recycling
The Coca-Cola System in Nigeria, encompassing Coca-Cola Nigeria Limited and the Nigerian Bottling Company (NBC), has launched a state-of-the-art Packaging Collection Hub in Apapa, Lagos. It has been designed to process up to 13,000 metric tonnes of plastic bottles annually, which has augmented Nigeria’s recycling infrastructure and fostered a circular economy. “This facility …
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Borouge secures $100mln in new supply agreements to strengthen its leadership in advanced packaging
Borouge Plc, a leading petrochemicals company specializing in innovative polyolefin solutions, has announced a series of new supply agreements and collaborations valued at over $100 million (AED367 million). These agreements underscore Borouge’s commitment to sustainability and its leadership in advancing advanced materials. The company has signed agreements to supply advanced polyethylene and polypropylene …
SCHÜTZ and NPF partner to produce ECOBULK IBCs in Saudi Arabia
SCHÜTZ and National Plastic Factory Company (NPF) have signed a licence agreement to produce ECOBULK Intermediate Bulk Containers (IBCs) for the Saudi Arabian and Gulf Cooperation Council (GCC) markets. A new production facility will be established near Dammam, a strategic port city on the Arabian Gulf. Founded in Riyadh in 1976, NPF is …
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Borouge reports $1.24 billion net profit for FY2024, driven by record production and sales
Borouge Plc reported a 24% year-on-year increase in net profit for 2024, reaching $1.24 billion. The rise was supported by record production levels of 5.2 million tonnes and sales volumes of 5.3 million tonnes, driven by strong demand for the company’s polyolefin solutions. The company recorded an industry-leading EBITDA margin of 41%, with …
Canon EMEA appoints Shinichi ‘Sam’ Yoshida as New President & CEO
Canon has announced the appointment of Shinichi ‘Sam’ Yoshida as President & CEO of Canon Europe, Middle East, and Africa (EMEA), effective March 1, 2025. Yoshida succeeds Yuichi Ishizuka, who is retiring after a 44-year career with Canon, including seven years leading the EMEA region. Previously based in the U.S., Yoshida held roles …
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Esko announces planned sale of Advanced Vision Technology to Porat Itay Holdings
Esko has confirmed the planned sale of its Advanced Vision Technology (AVT) print inspection business to Porat Itay Holdings, Ltd., with the transaction expected to close in the first quarter of 2025, subject to regulatory conditions. The sale includes assets, employees, contracts, and intellectual property related to AVT. Under the new ownership, AVT …
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Gallus drives profitability with Digital Innovation: Flexon and Yeloprint lead the way
Gallus Group, a subsidiary of Heidelberger Druckmaschinen AG (HEIDELBERG), highlights its recent achievements in 2024, showcasing innovations that address operational efficiency and profitability in the label printing industry. The company’s advancements, including the Gallus One and the new System to Compose modularity concept, have strengthened its position in the digital printing market. Two …