Mold-Tek Packaging acquired land in Mahad, Maharashtra for a 1,500-tonne manufacturing plant with an investment of INR 20 crore, to supply pails to Grasim Industries. The plant is expected to be set up by October.
Mold-Tek Packaging opened new rigid plastic manufacturing units in Panipat (Haryana), Cheyyar (Tamil Nadu) and Sultanpur (Telangana) with a total investment of more than INR 100 crore, adding 5,500 tonnes of capacity. The company announced it on January 8, 2024.
One Rock Capital Partners has completed its acquisition of flexible packaging maker Constantia Flexibles from Wendel, Maxburg Capital Partners and other shareholders.
Ondupet, which makes rPET packaging, is investing 11 million euros to expand its plant in Almendralejo, Extremadura, and plans to grow its workforce from 65 to 110.
Spartech will invest $4.9 million in new manufacturing equipment at its Muncie, Indiana facility, adding six full-time jobs and retaining 100, with a five-year tax abatement approved by the city.
Sidi Kerir Petrochemicals (SIDPEC) of Egypt and Ran Gas Limited of Nigeria plan a joint $30 million plant in Alexandria to produce one million LPG cylinders per year, mainly for export to Nigeria from 2027. The information comes from an unnamed government official.
Dhunseri Ventures' subsidiary Dhunseri Poly Films has started commercial production at its Panagarh plant in West Bengal, initially making 45,000 TPA of BOPET films. Phase I is a Rs 540 crore investment that is expected to employ over 200 people.
Toppan will build a 50,000 m² barrier film manufacturing facility in Most, Usti nad Labem region, Czech Republic, to produce its GL BARRIER transparent film for Europe. The ground-breaking took place in November 2023 and mass production is expected by late 2024.
Barcelona-based Quadpack signed a partnership with US injection moulder Colt's Plastics in Connecticut to produce its Regula Airless Refill range locally for Americas brands. Full-scale production is planned for 2024.
Albert Heijn will use Avantium's PEF polymer for various packaging, starting with fruit juice bottles produced by Refresco once Avantium's commercial plant in Delfzijl is operational.
Kao Industrial (Thailand), SCG Chemicals and Dow Thailand signed a memorandum of understanding in Bangkok to jointly develop recyclable, lower-carbon packaging for Kao's product range in Thailand.
Pact Group and Morrison & Co completed the sale of a 50 per cent stake in Pact's Crate Pooling business to Morrison, creating the 50/50 joint venture Viscount Reuse for reusable plastic packaging crates in Australia and New Zealand.
Austrian-German packaging company Rattpack acquired Giko Verpackungen GmbH, a flexible packaging maker with sites in Weiler (Austria) and Diepoldsau (Switzerland) and around 85 employees, lifting the Rattpack Group's annual turnover to about EUR 150 million.
Avantium signed a cooperation agreement with Albert Heijn to develop more sustainable packaging using its PEF bioplastic, with Refresco producing a new PEF fruit juice bottle for Albert Heijn's own-brand products. Financial details were not disclosed.
ALPLA plans to expand its Tangier plant in Morocco by adding about 20,000 m² of operational space over the coming years.
ALPLA acquired a majority stake in Moroccan packaging producer Atlantic Packaging and formed the joint venture ALPLA Morocco with Diana Holding. The Tangier plant has tripled preform capacity to around 300 million units per year after new lines were added.
GF Central Plastics broke ground on a new 150,000-square-foot manufacturing facility at 41401 Wolverine Road in Shawnee, Oklahoma. The $30 million investment is expected to create up to 300 full-time jobs upon opening.
Swiss GF closed its tender offer for Finnish-listed Uponor on 13 November 2023, combining building technology businesses into a new GF Uponor division and moving infrastructure into GF Piping Systems.
Axium Packaging completed the acquisition of Silte Srl, a family-owned plastic bottle and jar producer in Budrio near Bologna, Italy. Silte has a turnover of EUR 7.5 million and 25 employees.
Amcor signed a memorandum of understanding with NOVA Chemicals to purchase mechanically recycled polyethylene resin for flexible packaging films. The resin will come from NOVA's Connersville, Indiana recycling facility, projected to start operating as early as 2025.
LyondellBasell acquired a 25% equity ownership in Cyclyx, the joint venture between Agilyx and ExxonMobil, to accelerate US plastics circularity infrastructure.
Amcor agreed in November 2023 to buy Berry Global for $8.43 billion in an all-stock deal. The companies have cleared the US antitrust waiting period and approvals from other countries, with closing targeted for mid-2025.
Amcor is opening a plastics recycling plant with a partner in Cauca, Colombia, in November 2023, as part of its Valle del Cauca operations. The article also profiles its Cali plant, which makes sustainable bottles and packaging.
ORBIS Corporation has expanded its Urbana, Ohio manufacturing plant, adding 30% more space for producing reusable totes and pallets and allowing more presses and tools. The expansion raises the company's overall molding capacity by 10%.
Greif entered exclusive negotiations to acquire IPACKCHEM Group SAS, a maker of jerrycans and small plastic containers, from an affiliate of SK Capital Partners in a cash deal valued at $538 million. Closing is expected by the end of Greif's second quarter of fiscal 2024, subject to French consultation and regulatory clearances.
Charlotte Pipe and Foundry held the grand opening of a new $460 million foundry in Oakboro, North Carolina, on 700 acres in Stanly County. It replaces the company's century-old Uptown Charlotte cast iron foundry.
Valgroup announced the acquisition of Garda Plast Group, formed from Garda Plast and IFAP, which produces PET and rPET preforms. The deal, led by Progressio SGR, strengthens Valgroup's presence in Italy.
PAC Worldwide moved operations from Pedro Escobedo into a new 83,000 square-foot flexible packaging plant in San Juan del Rio, about two hours north of Mexico City. The plant is expected to produce over 700,000 bags daily at full capacity.
Lubrizol is doubling its CPVC compound manufacturing capacity at its Dahej, Gujarat site from 70,000 to 140,000 metric tons, with operations expected by early 2025. It also plans an R&D center at Dahej.
Lubrizol and Grasim Industries broke ground on the first phase of a 100,000 metric-ton CPVC resin plant in Vilayat, Gujarat, as part of Lubrizol's $150 million India investment. Phase one and a Dahej line are expected to be operational by early 2025.
SCG Packaging (SCGP) signed a joint development agreement with US-based Origin Materials to develop bioplastic from eucalyptus wood chips. The bioplastic project is being carried out in Canada, with results expected in the current quarter.
The European Commission granted unconditional merger clearance for Georg Fischer's voluntary public cash tender offer for all outstanding Uponor shares at EUR 28.50 per share. US antitrust waiting period had already expired, and completion is pending.
Sumitomo Bakelite signed an agreement to acquire 90% of SB Pax, a new company split from Asahi Kasei Pax's laminated plastic film business, to expand its films and sheets business for pharmaceutical packaging. SB Pax is scheduled to begin operations on 1 April 2024.
Manjushree Technopack (MTL), a rigid plastic packaging maker backed by Advent International, signed a collaboration with the bottle-to-bottle recycling division of Ganesha Ecosphere Group to co-develop and supply food and non-food packaging made from up to 100% recycled plastic in India.
Sharps Technology signed an asset purchase agreement to acquire Nephron Pharmaceuticals' InjectEZ specialty syringe manufacturing facility for $50 million, backed by a term sheet for up to $75 million in debt financing.
Trioworld Nyborg, a plastic packaging film producer in Denmark, signed a ten-year power purchase agreement with Better Energy covering a third of its annual electricity use, about 7.5 GWh a year, from a solar park on Lolland.
Jayplas will develop a plastic reprocessing facility at the former Toyoda Gosei factory in Swansea, capable of processing at least 100,000 tonnes of plastics a year. The £45 million investment will create over 100 jobs and is being developed in three phases.
TricorBraun opened its Bev-Cap injection moulding facility on Coronation Avenue, Kings Park, in Western Sydney. The project took over six months and cost over AUD 2 million, a joint effort with PB Packaging and Cormack Packaging.
Axium Packaging is constructing an 80 million dollar manufacturing site in Brampton, Ontario, expected to open in July 2024. The facility will make plastic containers, tubes and caps, and is designed to be LEED Silver compliant.
Bulgarian flexible packaging maker Ate Plast opened a new plant in the Zagore industrial zone in Stara Zagora after a 20 million lev investment. The plant has hired 40 people and is expected to double the company's output volumes.
Tredegar agreed to sell its Terphane flexible packaging films business, with about 500 employees and sites in Brazil and New York, to affiliates of Oben Group for net debt-free base consideration of $116 million. Closing is subject to competition clearance in Brazil and Colombia and is expected in 8 to 14 months.
Custom Plastics International is investing over $1.4 million to add new production lines and automation at its Cobourg, Ontario injection moulding facility, supported by C$217,050 in Ontario funding.
Axium Packaging is constructing a new manufacturing facility in Brampton, Ontario, investing over CAD 80 million and employing 250 people. The site is expected to open in July 2024.
TC Transcontinental Packaging announced a US$60 million investment in a new biaxially oriented polyethylene film line and a 120,000 sq. ft building expansion at its Spartanburg, South Carolina facility, with completion expected in fiscal 2024. Brückner was selected to supply the equipment.
Morrison agreed to acquire a 50% interest in Pact Group's reusable plastic crate pooling business serving Australia and New Zealand, valuing the business at an enterprise value of about A$380 million.
Amcor agreed to acquire Phoenix Flexibles, which operates one flexible packaging plant in Gujarat, India, to expand its capacity in India. The deal is expected to close in the September 2023 quarter.
Berry Global is combining its M&H and PET Power businesses into a new Europe-wide operation called Berry Agile Solutions, offering short lead times and low minimum order quantities.
Coca-Cola Europacific Partners (CCEP) collaborated with Petainer to develop a standardized 1L 'Universal refPET Bottle' for its refillable system in the German market. The design supports fill speeds of 36,000 bottles per hour.
Austrian machinery supplier Starlinger will deliver two recoSTAR PET 165 iV+ bottle-to-bottle recycling lines to Srichakra Polyplast, with delivery expected at the start of 2024. The rPET will supply Coca-Cola India's Kinley water bottles.
TC Transcontinental Packaging will install a $60 million biaxially oriented PE (BOPE) film line supplied by Brückner at its Spartanburg, South Carolina plant, which expanded the site by 120,000 square feet, with commissioning planned for spring 2024.