QazAlPack, Kazakhstan's first beverage can plant in Shymkent, plans to double capacity to 1 billion cans per year later in 2024, having already installed four Standun bodymakers and a Concord decorator supplied by Stolle Machinery.
Klabin started operations at its Figueira Unit corrugated board factory in Piracicaba, Brazil, a R$1.6 billion investment with annual capacity of 240,000 tons.
Bericap invested in a production facility in China, according to a brief industry roundup. No amount, capacity or site details were given.
Aptar Closures released the Future Disc Top, a fully recyclable PE closure with a locking mechanism, aimed at beauty products. It is available in several colors and a PCR version.
Amcor Flexibles North America announced its largest-ever expansion of dairy production capacity, enhancing printing and converting capabilities in Northeast Wisconsin over the next 18 months. The investment targets growing demand for flexible dairy packaging.
Korona Fund IV, managed by Korona Invest Oy, completed its acquisition of a majority stake in Fredman Group Oy on April 18, 2024, after Finnish Competition and Consumer Authority approval without conditions. Fredman focuses on kitchen products and food packaging solutions.
Riyadh-based Al-Shamrani Industry Company invested in a new BOBST VISION CI flexo press to modernize and expand production capacity at its 25,000 square metre packaging facility. The company makes polyethylene flexible packaging for the Saudi market.
Packem Umasree, a Brazil-India joint venture, inaugurated its first Indian plant near Ahmedabad on 16 April 2024 to make 100% rPET bottle-based FIBC jumbo bags, with monthly capacity of 600 metric tons and about 700 jobs.
Rengo integrated the packaging solution businesses of SunTox and Mitsui Chemicals Tohcello into a merged company and acquired a 51.0% stake, making it a subsidiary renamed RM Tochello. The company makes polyolefin films and foam-molded sheets.
Metsä Board invested €230 million in its Husum mill in Sweden to modernise and expand folding boxboard machine BM1, raising annual capacity to 600,000 tonnes. The upgraded machine was inaugurated in April 2024.
International Paper agreed an all-share deal to buy British packaging firm DS Smith, valuing it at 5.8 billion pounds ($7.2 billion) and outbidding Mondi. DS Smith said it had received proposals from both bidders.
International Paper and DS Smith agreed the terms of a recommended all-share combination creating a global sustainable packaging leader. The transaction value is about $9.9 billion and the deal is expected to close by Q4 2024.
Greif is finalizing construction of a bulk corrugated manufacturing plant in Dallas, Texas, scheduled to open in spring 2024. The plant will mainly make triple wall sheets and jumbo boxes for industrial and agricultural customers.
BioPak, an Australian packaging company, announced its acquisition of Australian reusable cup company Huskee to strengthen its circular and reusable product offering.
One Equity Partners announced completion of its sale of Walki Group Oy to Oji Holdings Corporation. Walki is a packaging manufacturer.
Manjushree Technopack has signed definitive agreements to acquire the plastics packaging business of Oricon Enterprises (Oriental Containers), a maker of plastic caps, closures and preforms. The deal is valued at INR 520 crore and adds plants in Goa and Odisha, subject to customary conditions.
Constantia Flexibles plans an all-cash public tender offer to acquire 57% of the shares of Swiss packaging producer Aluflexpack, at an estimated CHF 15.00 to CHF 18.75 per share. Completion is expected in the final quarter of 2024, pending regulatory approvals.
DS Smith agreed a supplier deal with Swedish company Jonsac to supply 100% fibre-based, recyclable e-commerce paper bags to its customers across all its European markets. The deal extends an existing Nordics arrangement.
Independent packaging group Zeus has acquired The Weedon Group, an integrated corrugated manufacturer with over 250 staff at sites in Manchester and Staffordshire and revenues above £30 million. The deal lifts Zeus's expected annualised revenues to €560 million.
Guangxi China Tobacco Industrial awarded its 2023-2025 supply contract for Liqun (long nozzle) brand carton and box packaging paper, with the result announced April 7, 2024. Guangxi Zhenlong Color Printing Packaging was the first-ranked bidder, with Tongxiang Printing second and Changchun Jilong as reserve.
Private credit funds are reportedly in talks to provide up to $2.5bn of financing for a sale of US metal packaging maker Trivium Packaging, which could be worth more than $3.5bn, according to Bloomberg sources.
Nampak agreed to sell its South African liquid cartons business and its stakes in Nampak Zambia and Nampak Malawi to a consortium of RMB Corvest and Dlondlobala Capital for R450 million.
Tetra Pak opened an expanded carton packaging plant in Pinetown, KwaZulu-Natal, as part of a R500 million investment, with exports planned to other African countries.
Private credit funds are reportedly preparing up to $2.5 billion of financing for a possible sale of US packaging firm Trivium Packaging, which owners Ardagh Group and Ontario Teachers' Pension Plan are exploring.
UK government agency FCDO Services awarded a single-supplier contract to The Alternative Pallet Company for recyclable cardboard pallets, crates and packaging elements. The contract is worth £250,000 and runs for 35 months from November 2023.
Fortis, a printed packaging solutions provider backed by Harvest Partners, acquired the print division of MASA Corporation. The article gives no value or location.
Italian packaging maker Imbal Carton added another production line in April 2024 at its Drizzona site, aiming to broaden its product range. The company says it is backed by its German partner Progoup.
Plastchim-T now owns 100% of the shares of Manucor, a biaxially oriented polypropylene manufacturer with a production and logistics centre in Sessa Aurunca, Italy, as of 30 April 2024.
Taerim Packaging, a Korean corrugated cardboard maker, began construction of 5.5MW roof-type solar power facilities at its Cheongwon Campus 1 and 2 in the Ochang 3rd Industrial Complex, Cheongju. The facilities are expected to generate about 7,026 MWh per year and cut about 3,220 tons of greenhouse gases annually.
Paper Home Co.'s board approved on March 27, 2024, an expansion of its factory making corrugated cardboard and paper and plastic labels, costing an estimated SAR 30 million and raising capacity by 150%. Commercial production is expected in Q1 2025.
TAYLOR, a commercial and industrial contractor, was awarded the construction management contract for a multi-phase site improvement and facility expansion of Carolina Container in Hickory, North Carolina. Phase 2 adds a 65,000 sq ft production space, a 14,000 sq ft loading dock and 11,000 sq ft of WIP storage.
Envibol agreed to supply 100,000 glass bottles to EMVISUR for bottling Singani San Pedro, generating about Bs 330,000 in revenue for 2024.
Bolivian state company Envibol is expanding its glass container plant in Zudáñez, Chuquisaca, with an investment of Bs 260.6 million, adding two new production lines for demijohns and small jars from the next management period.
Paboco, The Paper Bottle Company, launched its Next Gen Paper Bottle and began full-scale production at a new manufacturing site in Slangerup, Denmark. The company aims to deliver over 20 million paper bottles by the end of 2025, backed by ALPLA.
Greif, Inc. completed its acquisition of Ipackchem Group SAS, a maker of plastic jerrycans and small containers, from SK Capital Partners and other shareholders for approximately $540 million in cash. The deal was announced October 31, 2023.
Viglacera Thang Long Joint Stock Company ran a domestic online tender for supply of boxes with a package price of 7,333,000,000 VND, with contract award results published on March 25, 2024.
The Smurfit Kappa and WestRock merger has received US, UK and other clearances, while EU merger and Foreign Subsidies Regulation approvals and Mexico clearance remain pending as of March 25, 2024.
Xiamen Tongchangshun Printing & Packing has been appointed a packaging supplier for Signify, producing Signify packaging for its factories in China and worldwide after passing audit and colour management tests.
Packaging maker LOGOPLASTE has joined the Bottle Collective as technology partner, alongside PA Consulting and PulPac, to accelerate recyclable dry molded fiber bottles. LOGOPLASTE will lead work on bottle barrier lining performance.
ProAmpac, a US flexible packaging company, announced the acquisition of UP Paper, a North American recycled kraft paper producer based in Manistique, Michigan. Financial terms were not disclosed.
Mondi intends to invest in the Hinton mill and, subject to pre-engineering and permitting, add a new kraft paper machine capable of producing 200,000 tonnes of kraft paper annually. No investment value was given.
Mondi completed its acquisition of the Hinton Pulp mill in Hinton, Alberta, which was announced in February 2024. The company celebrated the completion with local officials and employees on March 20, 2024.
Menasha Packaging Company plans to invest $70 million to consolidate and expand its two Richmond, Indiana locations as part of a U.S. network modernization initiative. The investment targets corrugating, printing and converting technology.
A subsidiary of Shenzhen Bai Xing Long Creative Packaging, Shanxi Jiajiazhuang Bai Xing Long Creative Packaging, was selected as a candidate supplier for packaging materials such as boxes, cartons and handbags for Shanxi Xinghuacun Fenjiu Distillery. The report was published on March 19, 2024, and no value was given.
WestRock plans to build a new corrugated box plant in Pleasant Prairie, Wisconsin, at an estimated cost of about $140 million, partly offset by property sales. The company intends to close its existing North Chicago plant once the new facility is complete.
ORBIS Corporation signed a lease-to-own agreement with EPM Partners for 420,000 sq ft of manufacturing space in Greenville, Texas, to produce reusable pallets, totes and bulk containers. The company expects to add more than 190 jobs, with initial operations projected by the end of 2024.
Austrian machine maker STATEC BINDER completed its largest order to date, worth over EUR 10 million, delivering 16 packaging lines and related equipment for a petrochemical customer in India. The lines pack HDPE, LLDPE and PP granules into 25 kg sacks.
Coleus Packaging invested R40 million (US$2.14 million) in a PMC500 metal crown manufacturing machine for its Alrode factory in Alberton, Johannesburg, able to produce 5,000 crowns per minute.
Arnest Packaging Solutions officially opened an aluminum beverage can plant in the Zavolzhye Industrial Park in Ulyanovsk with total investment above RUB 13.5 billion, including a RUB 5 billion concessional loan from the Federal Industrial Development Fund. At design capacity it will produce over 1.6 billion cans per year.
Progroup laid the foundation stone for a new corrugated sheetfeeder plant in Cessalto near Venice, Italy, which will create around 60 jobs and is expected to start production by mid-2025 to supply partner Ondulkart.