business news
17 Jan 2022
--- Multivac is acquiring the complete holdings of TVI Entwicklung und Produktion (TVI) in Bruckmühl, Germany, following the planned departure of Thomas Völkl as TVI’s managing director and company partner...
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17 Jan 2022
--- Eastman is investing up to US$1 billion in building what it says is the world’s largest molecular plastics recycling facility in France. The announcement was made jointly this morning by French President Emmanuel...
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14 Jan 2022
--- In packaging news this week, Dawn launched a one-handed washing liquid bottle design targeted at disabled consumers. Meanwhile, Sappi unveiled a one-side coated face stock label paper for improved printability, and Smurfit...
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13 Jan 2022
--- Mondi is targeting net-zero emissions by 2050, in line with the UN’s Science-Based Targets initiative (SBTi). The paper and packaging giant says it has waited to announce the plan to develop a credible and detailed...
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11 Jan 2022
--- Global event organizer Easyfairs has been forced to postpone Packaging Innovations & Empack 2022 – the UK’s biggest annual innovation and investment packaging event – due to the Omicron variant of...
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11 Jan 2022
--- Huhtamaki China has installed 47,000 square meters of solar panels at two of its facilities, in what it calls a “significant first step” in its ambition to achieve 100% renewable energy usage by 2030. The panels...
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11 Jan 2022
--- Plastic Energy is announcing plans to build a second advanced recycling plant for end-of-life plastics in Sevilla, Spain, after securing a new agreement with TotalEnergies. The plant is expected to become operational in...
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10 Jan 2022
--- Indorama Ventures, a global petrochemical company, is acquiring shares in Ngoc Nghia Industry – Service – Trading Joint Stock Company (NN) in Vietnam, strengthening its market position for PET conversion in...
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07 Jan 2022
--- In packaging news this week, International Paper revealed plans to construct a state-of-the-art corrugated packaging facility in the US. Meanwhile, Clariant completed the sale of its Pigments business, Huhtamaki acquired...
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06 Jan 2022
--- KHS has equipped Cameroonian beverage giant Union Camerounaise de Brasseries (UCB) with its first PET line for its new soda pop and water segment. UCB is also considering filling its beverages into cans, which would make it...
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06 Jan 2022
--- Israeli compostable packaging specialist Tipa has landed US$70 million in a series C round funding in what it says will bring “breakthrough technology” to the world stage. Speaking to PackagingInsights, Julia...
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05 Jan 2022
--- Faerch is acquiring Paccor from private equity firm Lindsay Goldberg for an undisclosed fee. The acquisition underlines Faerch’s strategy for creating circularity in food packaging, in this case the European dairy...
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04 Jan 2022
--- Sirane is opening up a new manufacturing site in the Czech Republic to answer growing consumer demand for environmentally sustainable packaging, such as recyclable and plastic-free solutions, in Central and Eastern Europe....
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04 Jan 2022
--- BillerudKorsnäs is set to acquire Verso, a North American coated paper producer, for approximately US$825 million in cash, corresponding to US$27 per share. The transaction is expected to close in the second quarter of...
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03 Jan 2022
--- Sonoco has agreed to acquire Ball Metalpack, a leading metal packaging manufacturer for food and household products and reportedly the largest aerosol producer in North America, for US$1.35 billion in cash. Ball Metalpack is...
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21 Dec 2021
--- Huhtamaki has signed what it believes to be the largest solar power purchase agreement in the European packaging industry. Inked with energy company BayWa r.e., the deal is a major step toward achieving the company’s...
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21 Dec 2021
--- As 2021 draws to a close, PackagingInsights looks back at the biggest industry developments of the year, from the EU Single Use Plastics Directive and US COMPOST Act to COP26 and Asia’s first Plastics Pact....
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17 Dec 2021
--- US-based materials science company Footprint is entering a merger with acquisition company Gores Holdings to take its plant-based coating and process packaging technologies public. The combined company will have a total...
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17 Dec 2021
--- Seaweed-based packaging manufacturer Notpla has landed £10 million (US$13.3 million) in series A round funding. The UK-based start-up will use the investments to commercialize its flagship product “Ooho”...
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10 Dec 2021
--- In packaging news this week, International Paper announced its 35% greenhouse gas reduction target was approved by the Science Based Targets initiative. Meanwhile, Berry Global designed a new lightweight closure for sauces....
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