Golden Triangle Polymers, a joint venture of Chevron Phillips and QatarEnergy, has named contractors for its $8.5 billion polyethylene plant in Orange, Texas, which is expected to employ about 4,500 construction workers. Production is expected to begin in 2026.
ALPLA and Inden Pharma have formed a joint venture for pharmaceutical bottles, containers and closures made in clean rooms, combining five plants in Spain, Greece, Poland and Germany. The venture targets about 800 million packaging products in its first year.
Packaging designer and distributor TricorBraun signed an exclusive agreement to offer BioBottles' fully biodegradable bottles to nutraceutical companies in the US and Canada.
Liverpool-area logistics firm SSO Logistics Ltd signed a 12-month distribution deal with St Helens packaging supplier Venturepak, which makes injection-moulded food-safe plastic containers, using its Pallet-Track network.
Mauser Packaging Solutions opened a new manufacturing facility in the Haiyan Economic Development Zone near Shanghai, producing 230L and 250L plastic industrial drums, including recycled-resin models.
Constantia Flexibles signed an agreement to acquire Drukpol Flexo, a Polish flexible packaging company with 183 employees and two sites near Warsaw. Terms were not disclosed and completion is expected in Q2 2023, subject to competition clearance.
In March 2023 SK Chemicals agreed a $100m asset transfer to acquire the chemically recycled BHET and PET business division of Chinese company Shuye.
Berry Global Group completed its acquisition of Canadian plastics maker Pro-Western Plastics Ltd. for $87 million in March 2023, according to a MarketScreener report published May 3, 2023.
Emerson will supply automation technologies, software and control systems for the Golden Triangle Polymers Project in Orange, Texas, a $8.5 billion ethane cracker and polyethylene complex. Operations are expected to begin in 2026.
Thai packaging company BGC Container Glass agreed to buy 100% of Prime Packaging, a Thai maker of flexible plastic packaging and film rolls, for 580 million baht funded by bank loans. The share purchase agreement was signed on 28 February 2023, and revenue is expected from Q2 2023.
Avantium and Origin Materials announced a partnership to accelerate mass production of FDCA and PEF bioplastics by combining their technologies to make FDCA from sustainable wood residues on an industrial scale.
LyondellBasell and Nexus Circular signed a long-term contract for Nexus to supply about 24,000 tons per year of advanced recycled feedstock, produced at a new advanced recycling facility that will begin construction in 2023.
LyondellBasell signed a definite long-term contract with Nexus Circular for about 24,000 tons of advanced recycled feedstock per year, produced at Nexus's new facility, for use at LyondellBasell's Channelview, Texas plant.
US private equity firm Shore Capital Partners announced a partnership to invest in Container Services (CSI), a Hillsboro, Kansas maker of PET and HDPE blow-moulded plastic containers, to fund growth and acquisitions. The announcement was made on February 14, 2023.
LAMACOM group inaugurated an extension of its Lamacom plant at Ain Sebaa, Casablanca, creating the Lamatech Packaging Solutions business unit for injection-moulded IML plastic packaging. The investment is 75.6 million MAD and is expected to create 105 jobs.
ALPLA, Ecohelp SRL and United Polymer Trading opened a joint PET recycling plant in Targu Mures, Romania, with about 18,000 tonnes annual capacity of food-grade rPET, after an investment of about EUR 7.5 million.
TriMas Corporation bought 100% of Aarts Packaging, a Dutch maker of injection-moulded plastic packaging for beauty, luxury and food markets, from its shareholders. The article is dated 31 January 2023 and gives no deal value.
Süper Film Ambalaj is investing €100 million, including working capital, in a new packaging plant in the Lüleburgaz OSB, Turkey. The plant will start with 60,000-tonne capacity, raising total capacity to 185,000 tonnes, and will employ 150 additional people.
Berry Global is supplying The Coca-Cola Company with a lightweight tethered closure for PET bottles of carbonated soft drinks, with rollout across Coca-Cola's European plants. Over 400 million closures have been applied so far in Germany, Spain and the UK.
Braskem and Nexus Circular signed a 10-year definitive commercial agreement for Nexus to supply circular feedstocks from a new advanced recycling facility. The feedstock will support Braskem's circular PP resin production and its recycled-content targets.
SB Packagings entered a joint venture with Constantia Flexibles, combining Constantia India's operations with SB Packagings to build a packaging platform across India and South Asia. Closure is subject to regulatory approvals and is expected by March end.
KTP Kunststoff Palettentechnik has acquired a majority stake in K2 PAK in Koper, Slovenia, a maker of plastic packaging and transport boxes. Private equity firm VR Equitypartner, a minority shareholder in KTP, supported the deal.
Greiner Packaging UK & Ireland invested over £3,700,000 in a new PET decontamination and extrusion line at its Dungannon, Northern Ireland site to make food-contact recycled packaging. The site has also gained SSP and FSC certifications.
Engineered Foam Packaging, a J.B. Poindexter subsidiary, plans to establish a 117,000-square-foot facility in Bishopville, Lee County, investing $15 million and creating 53 jobs. Operations are expected online by August 2023.
Imaflex Inc. has selected Bandera U.S. to supply a 2400 3-layer SmartFlex line and a 2400 5-layer Barrier Flex line to increase capacity at its Victoriaville plant. The first line is scheduled to be installed and started up in Q1 2023.
Borealis has acquired a majority stake of 50.01% in Renasci, a chemical recycling provider in Ostend, to secure access to chemically recycled feedstock. Borealis had held a 10% stake since July 2021.
Spanish packaging group Hinojosa Packaging has sold its Cipasi business, a cellular polypropylene producer based in Masamagrell, Valencia, to Italian group Karton. Cipasi had 2021 revenue of EUR 9 million and 38 employees, all of whom Karton will retain; the value was not disclosed.
The Samsung Engineering and CTCI joint venture SCJV was awarded Package 1 of QatarEnergy's Ras Laffan Petrochemicals Project, covering a 2.08 million tonne ethylene unit and utilities. The total project cost is stated as $6 billion.
Sealed Air, which is rebranding as SEE, completed its $1.15 billion purchase of Liquibox, a maker of bag-in-box fluids and liquids packaging, during the first quarter of 2023.
Trioworld Group signed an agreement to acquire Malpack Ltd. (Canada) and Malpack Corp. (US), a North American maker of high-performance stretch film for transit packaging. The announcement was made on 30 December 2022.
Amcor's Australia and New Zealand business signed a memorandum of understanding with Licella Holdings to invest in a plastic advanced recycling facility in Melbourne. Stage one is expected to process 20,000 tonnes per year of waste plastic using Licella's Cat-HTR technology, subject to final terms.
Tubex Group sold its extruded plastic tubes business of German subsidiary Tubex Wasungen to PE-backed Multitubes Group through an asset deal. The deal was advised by MP Corporate Finance.
Axium Packaging is investing $45 million to construct a new facility called Vertix in New Albany, Ohio, which will also house a new product line for recycled plastic packaging.
Amcor agreed a five-year deal to buy certified-circular polyethylene from ExxonMobil's advanced recycling plant, rising to 100,000 metric tons annually by the end of the period, mainly for healthcare and food packaging.
Rubix S.p.A. has completed the merger by incorporation of Barlotti S.r.l., a Sala Bolognese plastics processing company with over 40 employees and annual revenue above EUR 10 million, which Rubix had acquired in March 2020.
TricorBraun acquired Merlot Packaging, a Vancouver maker and distributor of injection-moulded rigid closures, to expand in Canada. Financial terms were not disclosed.
Greiner Packaging UK & Ireland announced new investments totalling over £10 million at its Dungannon, Northern Ireland site for new machinery, a new manufacturing hall and warehouse expansion, celebrating its 50th anniversary.
Zotefoams plc completed the acquisition of the assets and intellectual property of Refour ApS of Skanderborg, Denmark, for a modest cash consideration. Refour's CEO Torben Andersen joins Zotefoams.
ADNOC joint venture Borouge signed a memorandum of understanding with Abu Dhabi Medical Devices Company (ADMD) to supply polyolefin materials for medical devices and pharma packaging in Abu Dhabi.
Flex Américas CEO Om Prakash Mishra announced a second stage of expansion in Altamira, with a planned $300 million complex to be built in 2024-2025 on a site still being sought. The total investment through 2025 is above $500 million.
Flex Américas laid the first stone of a new BoPET film plant in Altamira, Tamaulipas, as the first stage of a $200 million expansion for construction in 2022-2023. The company says the expansion will create about 1,000 jobs.
Flex Américas opened a BoPET film recycling plant at its Altamira industrial complex in Tamaulipas, Mexico, with state government officials present. The project was completed a few weeks before the November 3, 2022 ceremony.
Colin Chiu will be appointed Director of New Market Development, Plastics at CKF Inc. as part of the Packright acquisition.
Scotia Investments and CKF Inc. agreed to acquire Canadian thermoformed rPET packaging maker Packright Manufacturing, which becomes a wholly owned CKF subsidiary.
Sealed Air (NYSE: SEE) signed a definitive agreement to acquire Liquibox, a manufacturer of Bag-in-Box sustainable packaging and dispensing solutions, for $1.15 billion on a cash-free, debt-free basis. Liquibox had estimated 2022 revenue of $362 million.
Ferrarelle Società Benefit has agreed to transfer ownership of its Presenzano site in Caserta, Italy to the Aloxe Group, with a 10-year R-PET supply contract also agreed. Closing is planned for 7 November 2022.
Delhi Milk Scheme awarded Rainbow Packaging Pvt Ltd a tender to manufacture, print and supply 262 MT of three-layer co-extruded pigmented polythene film, with a contract value of ₹4.88 crore and a 365-day period of work.
TotalEnergies signed an agreement to purchase petrochemical feedstock from recycled mixed polyolefins produced by Indaver's Plastics2Chemicals plant, under construction and due to open in 2024. The feedstock will be processed into circular polymers for contact-sensitive packaging.
Loop Industries and L'Occitane en Provence unveiled a Almond Shower Oil bottle made with 100% recycled Loop PET resin from Loop's upgraded Terrebonne, Quebec facility, as a pilot on L'Occitane production lines.
IPACKCHEM, backed by SK Capital, acquired a majority stake in TPG Plastics from Beaconhouse Capital Management. IPACKCHEM plans to support TPG's expansion and bring its in-mould fluorination technology to North America.