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 …
Coveris acquires S&K Label, expands presence in CEE region
Coveris has completed the acquisition of S&K Label in the Czech Republic, marking its third acquisition in Central and Eastern Europe (CEE) and its first label business acquisition outside the UK. Now operating as Coveris Brno, the company aims to strengthen its position in the region, targeting key markets including the beverage, food, chemicals, …
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Victory Packaging rebrands as Smurfit Westrock Packaging Solutions
Victory Packaging, a legacy provider of packaging and related services across North America for over five decades, has rebranded as Smurfit Westrock Packaging Solutions. The change reflects the company’s evolution from a distributor to a comprehensive packaging solutions provider. The rebranding follows the July 2024 merger of Smurfit Kappa and WestRock, forming Smurfit …
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ALPLA acquires full ownership of Egypt joint venture with Taba
ALPLA Group, a global leader in packaging and recycling, has acquired all shares of its joint venture with Taba, fully integrating the facility in 10th of Ramadan City, Egypt, into its operations. The site produces plastic bottles, preforms, and closures for markets across North Africa and the Middle East. Since 2024, it has also …
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Edita partners with TJA to expand operations into Iraq
Edita Food Industries S.A.E. (EFID.CA on the Egyptian Exchange & EFID.L on the London Stock Exchange) has entered the Iraqi market through a strategic partnership with Tuama Jebur Abbas (TJA), a Baghdad-based snack manufacturer. The agreement includes the acquisition of a 49% stake in TJA for $8 million, alongside the establishment of Edita Iraq …
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ALPLA reports growth in 2024 with focus on recycling and expansion
ALPLA Group, the Austria-based global packaging and recycling company, recorded significant growth in 2024, reporting a 4% increase in turnover to €4.9 billion from the previous year’s €4.7 billion. The company also expanded its workforce to 24,350 employees across 200 locations in 46 countries, including 365 apprentices, underscoring its commitment to professional training. …
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Smurfit Westrock launches Africa’s first packaging innovation center in Morocco
Smurfit Westrock has inaugurated the Morocco Experience Center in Rabat, marking Africa’s first innovation hub dedicated to the cardboard packaging industry. The center, equipped with advanced technologies such as artificial intelligence, predictive analytics, and virtual reality, is part of Smurfit Westrock’s global network of 30 interconnected centers. Supported by over 1,600 designers worldwide, the …
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