Page 2 - Packaging

Loews Corp to sell 47% stake in packaging subsidiary to Singapore's GIC

Loews, which owns firms in the insurance, energy, hospitality and packaging industries, expects to receive about $410 million in cash as part of the deal, resulting in about pre-tax gain of $490 mn

FMCG, pharmaceutical segments to drive sales of packaging companies

Larger players such as Blackstone-owned EPL are expected to gain from the ongoing consolidation

Amazon India eliminates single-use plastic in packaging across centres

Amazon had said last September that its India unit would replace single-use plastic in its packaging by June 2020

Amazon India expands packaging-free shipping initiative to over 100 cities

Products that are shipped packaging-free include tech accessories, home and home improvement products, shoes, and luggage

Alpla acquires Gehl Foods' bottle manufacturing plant in US

The facility supplies six layer bottles to Gehl Foods for aseptic filling in food & dairy category

Cosmo Films expands direct thermal printable products range

With this, it can now offers both paper & filmic solutions for direct thermal printing technology

United Caps buys Dewit Plastics' caps, closures and handles business

Dewit Plastics' complimentary product line expands range of offerings from United Caps

Target adopts five new sustainable packaging goals for green future

As part of this strategy, it will eliminate usage of polystyrene, or foam packaging

Jindal Films to invest $ 120 mn to set up polyester plant in US

The plant, which is expected to become operational by early 2019, to have 65,000 tonnes capacity

Tekni-Plex buys BrunaSeals to strengthen closure liner business

This is the fourth closure liner business Tekni-Plex has acquired in the past three years

Innovative Tech Pack bags order from Bisleri to supply caps for beverages

This contract marks entry of ITPL into field of closure for the carbonated beverages industry

UK-based start-up Skipping Rocks Lab develops edible packaging for water

The seaweed-based packaging material is claimed to be cheaper than plastics

ProAmpac acquires flexible packaging firm Trinity Packaging

Trinity specialises in large format packaging for lawn & garden, food & specialty industrial markets

Klockner Pentaplast buys packaging films producer Linpac Group

The deal will create a rigid & flexible packaging films firm having annual revenues of above $ 2 bn

Scholle IPN eyes to tap Indian aseptic packaging market with new plant

The US-based bag-in-box packaging expert sees huge opportunity in the growing fruit juices market

Cosmo Films to invest Rs 250-cr to set up speciality polyester films plant

The BOPET films plant, to be located in Maharashtra, will have a capacity of 36,000 metric tonne

Henkel in talks to buy Darex Packaging from GCP Applied for $ 1.05 bn

Acquisition will strengthen Henkel's position in the attractive metal packaging market

Sonoco acquires Peninsula Packaging for $ 230 mn

This will help Sonoco expand its presence in thermoforming packaging space targeted at fresh foods

Packaging machines maker Kautex Maschinenbau to expand Bonn facility

The new line to be dedicated to assembling & testing of packaging machines such as KBB & KSB series

Oricon to set up Rs 100-crore facility for packaging products in Odisha

The company recently raised its plastic closures capacity with investment of Rs 35 crores at Murbad