Krones has reported robust financial results for the first nine months of 2024, with revenue increasing by 11.2% year-on-year to €3.87 billion, aligning with its full-year growth forecast of 9% to 13%. The company recorded an order intake of €1.32 billion in the third quarter, slightly exceeding the previous quarter and remaining close …
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Koenig & Bauer and ACTEGA have renewed their partnership for an additional three years, continuing their collaboration to advance high-quality inline finishing technologies. The partnership, established in 2016, has played a pivotal role in enhancing finishing processes for the print and packaging industries. The extended agreement, effective from November 1, focuses on several …
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Ferrum Packaging AG and KHS GmbH have announced the acquisition of H.F. Meyer Maschinenbau GmbH & Co. KG, effective January 1, 2025. The merger aims to enhance expertise in canning technology while preserving H.F. Meyer’s independence under the Ferrum Group umbrella. H.F. Meyer, known for its specialized canning technology, including can turners, rinsers, …
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The packaging and label printing market has emerged as a critical driver for the future of the global printing industry, with a total estimated value of $504.9 billion in 2024, according to Smithers. This represents a significant growth trajectory, in contrast to declining traditional publication and graphics segments, as rising demand for packaged goods …
Taghleef Industries has launched a new Innovation Center at its San Giorgio di Nogaro site in Italy, aiming to drive advancements in packaging film technology. The global manufacturer, known for its polypropylene-based, biobased, and biodegradable films, has established this facility to support research and foster collaboration. The center is strategically located next to …
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Amcor plc and Berry Global Group, Inc. have announced an all-stock merger, creating a global packaging leader. The combined company will focus on consumer and healthcare packaging, with shareholders from Amcor and Berry holding approximately 63% and 37% ownership, respectively. The boards of both firms have unanimously approved the merger, valuing Berry’s common …
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Indorama Ventures has announced a collaboration with Suntory, ENEOS Corporation, Mitsubishi Corporation, Iwatani, and Neste to launch the world’s first commercially produced PET bottles made from bio-paraxylene. The innovative bottles, made from used cooking oil, mark a significant step in sustainable packaging, with the potential to reduce CO2 emissions in PET production. Starting …
Tetra Pak and Lactalis have introduced a carton package using certified recycled polymers linked to used beverage cartons, marking a significant development in the beverage carton industry. The material is certified by the International Sustainability and Carbon Certification (ISCC) PLUS and is sourced from the recycling process of used beverage cartons in Spain. The …
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Coveris has consolidated its medical packaging offerings under the MediFlex brand following significant investments in its production facilities. The move is aimed at strengthening its position in the growing medical packaging sector. “The demand for high-quality, sustainable medical packaging is steadily growing, and Coveris has responded by investing over 8 million euros in …
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Skanem Africa has inaugurated its state-of-the-art label manufacturing facility in Tilisi, Limuru. The launch event was officiated by Kenya Association of Manufacturers (KAM) Board Chairperson, Jane Karuku, alongside Vice Chairperson Hitesh Mediratta, Acting CEO Tobias Alando, and other board members. Distinguished guests and representatives from Skanem Africa were also in attendance to celebrate this …
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