PT Inocycle Technology Group completed construction of a new factory building in Medan, Indonesia, to produce recycled polyester staple fiber from PET bottle waste. Commercial operations are expected by end of March 2023, adding about 15% to total capacity.
Bewi's acquisition of Jackon Holding AS, a Norwegian insulation and packaging group with about 935 employees and 20 facilities across the Nordics, Germany and Belgium, has been approved by all competition authorities. The deal value is not stated.
Novolex is investing $10 million to expand plastic bag and polyethylene film recycling capacity at its North Vernon, Indiana facility, producing up to 28 million pounds of recycled content per year.
POLYTEX was awarded a contract to provide design, engineering and know-how on critical components for Koksan's new chemical PET recycling plant in Turkey.
Koksan PET Packaging Industry will build a new chemically recycled PET (R-PET) plant in Turkey with capacity of 300 tons per day using its patented process. The plant is expected to be operational by the end of 2023.
Nelipak Healthcare Packaging will build a new flexible packaging production site in Winston-Salem, North Carolina, its first in the Americas, with about $20 million capital investment and roughly 80 new jobs.
Faerch Group has acquired packaging maker PACCOR. The combined group has more than 30 production sites and around 6,000 employees across Europe, the US and Asia.
Resinex will distribute Aquapak's Hydropol barrier polymer on an exclusive basis in most of Europe, excluding Italy, Spain and Portugal, and has committed to buy at least 8,000 metric tonnes over three years.
Imaflex USA, the US arm of Montréal-based Imaflex, will invest up to $15 million and add 37 jobs for a building expansion and equipment at its Thomasville plant in Davidson County, North Carolina.
Yplastic, part of Grupo Telles, invested about R$12 million to modernize its Fortaleza plant, including a Husky HyPET preform production cell with capacity of 10 million preforms per month. The company has begun preform production.
Mauser Packaging Solutions has invested in a new multi-layer extrusion blow molding machine at its Littleborough, UK plant to make 220-litre drums with recycled resin. The investment expands capacity for its Infinity Series products.
Avantium signed an offtake agreement under which AmBev, part of AB InBev, will buy PEF from Avantium's FDCA Flagship Plant in Delfzijl, Netherlands, to make soft drink bottles. The agreement was announced on 2022-08-17.
Dallas Plastics, backed by Sole Source Capital, acquired Emballage MPP, a flexible packaging business. The deal is Sole Source Capital's third flexible packaging investment.
Constantia Flexibles acquired FFP Packaging Solutions, a Northampton flexible packaging maker with over 100 staff, for an undisclosed sum. It is Constantia's first consumer packaging plant in the UK.
Moldtek Packaging plans capital expenditure of Rs 125 crore in FY23, adding capacity at Sultanpur, Daman, Vizag, Hyderabad and Kanpur units and setting up a second plant at Daman with robotic IML facilities.
Walki Group signed a definitive agreement to acquire 100% of Westpak Oy Ab and Flexipack Oy Ab, Finnish flexible packaging producers with about EUR 40 million combined 2021 sales, subject to competition approval. The price was not disclosed.
Fibrasa signed a letter of intent with the Pernambuco government to build a new plastic bucket factory in the Polo Empresarial of Abreu e Lima, with R$70 million in private investment and about 100 jobs expected.
Caxton subsidiary CTP acquired Amcor's Cape Town bag-in-box and pouching operations and its Port Elizabeth operation for R90 million, effective 1 August 2022 after competition approval.
Woolworths Group and Pact are developing a partnership under which Pact would supply recycled plastic packaging for Woolworths own-brand products, potentially up to 18,000 tonnes per year. The deal is described as a multi-million-dollar investment in local recycling and manufacturing capacity.
Woolworths Group and Pact Group are developing a partnership under which up to 18,000 tonnes of recycled plastic could be used in Woolworths own-brand packaging each year. The companies describe it as a multimillion-dollar investment in local recycling and manufacturing capacity.
Pact Group will manufacture and supply recycled plastic packaging for Woolworths own-brand products, using recycled PET resin from its Australian recycling facilities. The partnership was announced on 26 July 2022 and involves a multimillion-dollar investment.
Woolworths Group and Pact Group are developing a strategic partnership under which Pact would use recycled plastic for Woolworths own-brand packaging, up to 18,000 tonnes a year, as a multimillion-dollar investment in local recycling.
Pact Group signed an agreement to supply Woolworths with up to 18,000 tonnes of recycled plastic packaging items for its home brand products by 2024.
South Africa's Competition Tribunal unconditionally approved CTP Limited's acquisition of the packaging operations of Amcor Flexibles South Africa in Cape Town and Port Elizabeth, including bag-in-box laminate production and tyre-liners.
Good natured Products signed a three-year commercial contract with a large U.S. food producer to supply packaging made from Bio-PET-based material and recycled content, produced at its Ontario and Illinois facilities.
New Packaging Group, backed by NewPort Capital, announced the acquisition of Novapac B.V., a thermoformed plastic packaging maker, with Novapac continuing under its own name. The announcement was dated 19 July 2022.
Semperit will invest around EUR 110 million to add a highly automated hall at its Odry hose factory, adding 32 million metres of hydraulic hose capacity to almost 200 million metres per year, with operations planned from 2025.
good natured Products signed a three-year contract to supply a large U.S. food producer with Bio-PET-based packaging designs made at its Ontario and Illinois facilities, expected to generate about USD 13 million in first-year revenue.
Avantium has agreed to supply polyethylene furanoate (PEF), a biobased polymer, to Carlsberg for packaging including beer bottles. Avantium also agreed to supply PEF to five yarn companies.
German packaging maker Papier-Mettler acquired an industrial building in Moorefield, West Virginia, in May and will invest $48 million to create up to 100 jobs there, its first US production plant.
Symphony Environmental Technologies signed an exclusive three-year supply agreement with Grupo Bimbo for its d2p antimicrobial masterbatch used in bread packaging film in the US, Canada and Mexico. No financial terms were disclosed.
Thyssenkrupp Industrial Solutions subsidiary Uhde Inventa-Fischer signed a contract to build a world-scale polymer plant for Merinos Hali in Turkey, producing 330,000 tons per year of resin for PET bottles and textile chips. The article reports no contract value.
Private equity firm Ara Partners has acquired UK-based sustainable PET packaging producer Petainer, in partnership with Petainer management and affiliates of Next Wave Partners. Financial terms were not disclosed.
Carlsberg Group has signed a conditional offtake agreement with Avantium to secure a fixed volume of PEF polymer from Avantium's FDCA Flagship Plant, which is planned to start up in 2024. Carlsberg will use the resin in its Fibre Bottle packaging.
Auer Packaging GmbH of Amerang received its largest single order in company history, worth €7.9 million, from a Danish recycling service provider for special plastic big boxes used to recycle PET bottles and aluminium cans.
Scholle IPN, a spouted pouch and bag-in-box packaging maker in the Americas and Asia, is merging with SIG, a European carton packaging company. The companies plan to offer a broader range of sustainable packaging solutions.
Pact Group acquired Synergy Packaging, a Tullamarine, Victoria maker of PET bottles, bottle caps and jars, as of June 4, 2022. The terms of the transaction were not disclosed.
Sinclair & Rush, Inc. completed its acquisition of Indepak Corporation, a Portland, Oregon thermoform manufacturer of custom trays, blisters and clamshell packaging. The deal adds thermoforming capacity and a west coast manufacturing footprint.
Scholle IPN will invest $31.1 million to expand its Smyth County operation by 73,000 square feet, adding new film extrusion and packaging lines and 75 jobs, plus new rail track for resin deliveries. The announcement was made on June 1, 2022.
Ashirvad Pipes of Aliaxis Group agreed with the Telangana government to build a greenfield plant with a Rs 500 crore investment to make plastic pipes, fittings and accessories. The project is expected to create over 500 jobs.
TotalEnergies and New Hope Energy agreed that New Hope will build an advanced recycling plant in Texas processing over 310,000 tons per year of mixed plastic waste, with TotalEnergies buying 100,000 tons of recycled feedstock for polymer production. Production is expected to start in 2025.
EcoPacking is building a 10,000 m2 plant in Lurín, Peru, to make plastic corrugated (cartonplast) boxes for agro-exporters, with inauguration planned for July 2022.
Uponor North America opened a $5.5 million, 25,000 sq ft expansion of its Hutchinson, Minnesota facility, raising PEX-a pipe extrusion capacity by more than 10%.
Cabka N.V. entered a long-term supply agreement with US retailer Target for reusable large foldable plastic containers for its nearly 2,000 US stores. The initial order represents about EUR 13 million in 2022 revenue.
Brook + Whittle has acquired Diamond Flexible Packaging, a family-owned flexible packaging and converting company in Northbrook, Illinois, adding five pouch lines and bag-making capabilities.
The SOMATER group has acquired ANL Packaging, a European thermoforming company based in Wellen, Belgium with more than 400 employees and plants in Belgium, France and Poland, effective 10 May 2022.
Korean piping manufacturer COSMOIND Co. will invest more than $12.8 million to build its first North American campus, a 128,000 sq ft facility in Middlesex, Nash County, North Carolina, creating 168 jobs. The announcement was made May 10, 2022.
St. Johns Packaging completed its acquisition of Plasticos Uribe, a vertically integrated flexible packaging manufacturer based in Tlaquepaque near Guadalajara, Mexico, announced May 9, 2022. The deal adds Mexican manufacturing capacity alongside a new greenfield plant in Leon, Guanajuato.
Montreal manufacturer Industries Gould won a contract to supply Metro's Selection private-label garbage, recycling and compost bags, about 4.5 million kg a year, after a tender.
good natured Products Inc. entered a definitive agreement to acquire the business and operating assets of FormTex Plastics Corporation, a Houston custom plastic packaging manufacturer, for $4.8 million USD cash, subject to closing adjustments.