Uber Eats has teamed up with Releaf Paper to introduce eco-friendly food delivery bags made from fallen leaf fibres in France. The initiative, part of Uber’s broader sustainability strategy, was announced at the Go Get Zero event in London and will initially roll out in Paris through the newly launched Green Packaging Marketplace. …
Koenig & Bauer reports strong orders but faces market challenges in H1 2024
Koenig & Bauer has released its financial results for the first half of 2024, reporting mixed outcomes across segments amid challenging market conditions. The company confirmed that it expects to achieve its full-year earnings target at the lower end of the forecasted range of €25–40 million, with revenue anticipated to reach approximately €1.3 billion. …
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Paboco and Blue Ocean Closures launch world’s first paper bottle with fiber cap
Paboco and Blue Ocean Closures have introduced the packaging industry’s first market-ready paper bottle and fiber-based cap. This innovation is available now, with consumer products featuring the new packaging expected to launch in early 2025. Paboco’s new product line builds on years of experience with paper-based packaging. “We are changing the material options …
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BOBST expands global reach with new Packaging Competence Center in Italy
BOBST has expanded its global footprint with the inauguration of a new Labels & Flexible Packaging Competence Center in Florence, Italy. This facility builds on the company’s existing efforts to advance packaging production through connectivity, digitalization, automation, and sustainability. With 350 employees focused on narrow-to-mid web printing and converting, the new 1,200-square-meter center …
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International Paper secures shareholder approval for DS Smith acquisition
International Paper has announced that it has secured the required shareholder approval for its planned acquisition of DS Smith. Earlier last week, DS Smith shareholders also voted in favor of the deal, paving the way for the completion of the transaction. The acquisition, expected to close by the end of the fourth quarter …
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Almarai expands into Jordan with SAR 263 million acquisition of Hammoudeh Food Industries
Almarai Company has signed an agreement through its subsidiary, Teeba Investment for Developed Food Processing Company, to acquire 100% of the shares in Hammoudeh Food Industries. The deal, valued at SAR 263 million, is subject to adjustments and awaits regulatory approvals in Saudi Arabia and Jordan. Hammoudeh Food Industries, with over 50 years …
Twellium and Sidel partner to establish new packaging hub in Ghana
Twellium Industrial Company has teamed up with Sidel to develop a new state-of-the-art packaging facility in Kumasi, Ghana. The greenfield project, which marks Twellium’s third production site, will house two complete PET packaging lines for both still and carbonated beverages. Twellium, known for producing non-alcoholic beverages such as Verna Mineral Water and brands like …
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ExxonMobil launches Signature Polymers to enhance service and collaboration
ExxonMobil has announced the launch of Signature Polymers, a new portfolio brand aimed at enhancing service and partnership within the polymers industry. The initiative, announced on October 1, 2024, in Spring, Texas, is part of ExxonMobil’s strategy to streamline its polyolefins portfolio and strengthen collaboration across the value chain. Signature Polymers consolidates ExxonMobil’s …
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Kraft Heinz expands Cairo Factory to boost production and exports
Lieutenant General Engineer Kamel El-Wazir, Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, officially inaugurated the expanded Cairo Food Industries Factory, operated by Kraft Heinz, on Saturday. The ceremony was attended by US Ambassador to Egypt Hiro Mustafa, Minister of Investment and Foreign Trade Hassan El-Khatib, Minister of Supply and …
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SABIC reports strong Q2 2024 profit surge to SAR 2.18 billion amid enhanced safety and sustainability achievements
SABIC, a leader in diversified chemicals, announced a net profit of SAR 2.18 billion ($0.58 billion) for the second quarter of 2024, a significant increase from SAR 0.25 billion ($0.07 billion) in the previous quarter. This growth reflects improved product margins and increased sales volumes, as well as effective management of regional supply chain …