The Export Council for Printing and Packaging has signed a memorandum of understanding (MoU) with the Egyptian Association for Industry and Development. The agreement aims to enhance cooperation between the two entities in providing services to their member companies. One of the key objectives of the MoU is to maximize the benefits of …
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NETSTAL Maschinen AG has been officially acquired by Krones AG, marking the completion of the sale process that began with the signing of the purchase agreement on February 6, 2024. As of March 28, 2024, NETSTAL, along with all its employees, sales, and service units, is now part of Krones AG. The acquisition …
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Mondi and DS Smith have announced an agreement in principle on the key financial terms of a potential all-share offer by Mondi for DS Smith. This agreement, known as the Combination, would see Mondi acquire the entire issued and to be issued share capital of DS Smith. The proposed terms of the Combination …
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Procter & Gamble (P&G) has announced the launch of its third annual Women Entrepreneurs Academy on March 7th and 8th, reaffirming its commitment to equality and inclusion. The initiative aims to empower approximately 30 women in achieving their business aspirations by providing them with the necessary skills and resources to succeed in the competitive …
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Riyadh based Marina Inc. Printers, a prominent packaging and commercial print house with 25-year history of success, announces a significant enhancement to its capabilities through the acquisition of the state-of-the-art Heidelberg Speedmaster Five-Color Offset Press with Coating System-Model CX 104-5+L. Mr Hadi Bassil, Managing Director of Marina Inc. Printers, reflects on the company’s …
Koenig & Bauer AG, a prominent global technology provider for special printing applications with a focus on the packaging sector, has announced that it met its own forecast for 2023, according to preliminary unaudited figures. Group earnings before interest and taxes (EBIT) reached €29.9m, falling within the forecast range of €25m to €35m. …
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Huhtamaki, a global packaging company, has announced plans to consolidate its production footprint in China within the Fiber Foodservice Europe-Asia-Oceania segment. This decision entails the closure of its production sites in Tianjin and Shanghai by the end of Q2 2024, with production being transferred to the Guangzhou manufacturing site. The company will, however, continue …
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Milliken & Company, a diversified global manufacturer, has earned a place on the 2024 World’s Most Ethical Companies list by Ethisphere, renowned for defining ethical business practices. This annual recognition celebrates organizations demonstrating a robust commitment to business integrity through comprehensive ethics, compliance, and governance programs. Notably, Milliken is among only six honorees to …
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