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API urged to sell by major shareholder

Turner

Flexibles group API’s major shareholder has publicly announced that the company should be put up for sale, saying its market price does not reflect its intrinsic value.

TricorBraun revives roaring 20′s with prohibition-era whiskey jug

Moonshine mn

US rigid packaging giant TricorBraun has introduced a new glass bootlegger-style jug for The Original Moonshine clear corn whiskey.

Crown installs new kit in China, as profit falls

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Metal packaging firm Crown Holdings has announced that it is building three new beverage can plants in China, despite a slump in 2011 net profits.

Coca-Cola sets new 2015 pack targets

plantbottle-mn

Coca-Cola has set new environmental targets to source 25% of its PET plastic from recycled or renewable material by 2015.

Bemis sales grow 10% as M&A and restructuring pay dividends

US packaging giant Bemis has reported a 10% increase in sales in 2011 as acquisitions help offset rising raw material costs and falling volumes.

Alcoholic drinks downturn hits glass manufacturer O-I

MN-glass3

US-based glass bottle manufacturer Owens-Illinois (O-I) has announced that weak demand of beer and wine in the Australian market has enforced the firm to cut glass production at its Melbourne facility.

Packaging Corporation of America Q4 profit declines

cardboard

Packaging Corporation of America said that its profit for the fourth quarter dropped from last year, due to increased costs and lower export prices that offset revenue growth.

Ardagh looks to raise $410m to fund two more buy-outs

niall wall mn

Acquisitive Ardagh Group has revealed it is in advanced talks over two more buy-outs as it looks to raise $410m in a new bond issue.

US-based alcoholic drink breaches Portman Code

A US-based drinks brand called Crunk Juce has breached alcohol responsibility rules, as laid out by the Portman Group, for failing to make the alcoholic nature of the product clear on its packaging.

Bemis dominates North American flexible pack industry

PCI Films

US plastics giant Bemis dominates the North American flexible packaging converting industry, with a 20% share, according to new research by PCI Films Consulting.

Colbert Packaging to close Louisville plant

US-based cartonboard manufacturer Colbert Packaging Corporation has announced that it is closing its 3,000sqm manufacturing facility in Louisville.

Novelis to invest $50m for new kit in Brazil

Aluminium firm Novelis has announced that it will invest $50m to install a coating line for beverage can end stock at its operations in Pindamonhangaba, Brazil.

Coca-Cola forms biotech links for plant-based packaging

plantbottle-mn

Coca-Cola Company has entered into multi-million dollar partnership agreements with three biotech companies to develop commercial solutions for its next-generation PlantBottle packaging.

Bemis acquires again with barrier liner firm buy-out

US plastics giant Bemis has announced the acquisition of Shield Pack, a Louisiana-based manufacturer of high-barrier liners for bulk container packaging.

Huhtamäki buys US folding carton pack firm for €23m

Huhtamaki fast food containers range 1 (2)

Huhtamäki has said that it has strengthened its folding carton packaging business in the US by acquiring folding carton pack firm Ample Industries.

   

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