Billerud has agreed with the investment company Mimir Group about a divestment of Managed Packaging, which offers packaging solutions to global brand owners. Terms of the deal were not disclosed. According to Billerud, the intention to divest the Managed Packaging business segment is a consequence of Billerud’s focus on packaging materials, which means reduced strategic […]
Tag Archives: packaging business
10
Jul
Jul
As the European Commission prepares to publish the revision of the packaging and packaging waste legislation, the European Federation of Corrugated Board Manufacturers (FEFCO) has released a series of three scientific studies comparing recyclable and reusable packaging solutions. The studies highlight the essential role of sustainable packaging in the context of the EU Green Deal, […]
20
Jul
Jul
Latest reports from China Packaging Federation (CPF) showed the number of industrial entities engaging in packaging business with individual annual revenue over RMB20 million reached 8,183 in 2020, up +3.4% from the previous year. Together with all other mid-to-small operators, the overall revenue amounted to 1.01 trillion yuan in the year. Though down -1.1% from […]
08
Jul
Jul
Neenah, Inc. recently announced a number of operational changes consistent with the Company’s commitment to accelerating growth, strengthening margins, and creating value for customers and shareholders. Actions include: – Investing $13 million in new release liner coating capacity in support of its growing specialty coatings business and the recent ITASA acquisition – Restarting an idled […]
31
May
May
Huhtamaki, a global key advanced manufacturer of sustainable packaging solutions, is setting up a new manufacturing unit in KwaZulu-Natal in South Africa to serve its existing and new egg packaging customers in the KwaZulu-Natal area with a broad range of locally produced packaging solutions. The new facility will be located close to one of South […]
07
Dec
Dec
Printing papers are one of International Paper’s three main divisions. Now the group wants to spin off the segment and focus on its pulp and industrial packaging businesses. International Paper (IP) is planning to spin off its printing papers segment to make it a standalone, publicly-traded company. The group explains it wants to sharpen its […]
02
Oct
Oct
The review of strategic options is said to have no impact on IP’s corrugated packaging businesses outside of Turkey. International Paper announced it was considering “strategic options” for the company’s corrugated packaging business in Turkey, including the potential sale of operations. Olmuksan International Paper runs three corrugated facilities across the country and serves customers in the […]