All Business articles – Page 36
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Article‘Commission must clarify sustainability targets or risk losing future investment in Europe’
Could a lack of clarity around new EU packaging sustainability regulation negatively affect future investment in crucial areas such as chemical recycling and reuse systems? Matt Tudball, Senior Editor, Recycling at ICIS, drills down into this issue in our latest comment piece.
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ArticlePaper and board production saw 5.9% decrease in 2022, according to Cepi
According to preliminary statistics for 2022 released by Cepi, the production of paper and board decreased by 5.9% in comparison to 2021, with contributing factors said to include high costs of energy and raw materials, resultant machine stops, and stalling economic growth.
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ArticleAEROBAL reports 6 billion units of global shipments in 2022 with increasing demand in personal care and pharmaceutical sectors
The International Organisation of Aluminium Aerosol Container Manufacturers (AEROBAL) has reported a 6.8% increase in its members’ global shipments in 2022, raising the total figure to approximately 6 billion units – a development driven by rising demand from the personal care and pharmaceutical industries and from European and American customers.
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Article€3.5 billion of funding secured for INEOS’ ethane cracker with ‘lowest carbon footprint’ in Europe
INEOS Olefins Belgium has secured €3.5 billion in funding to support the construction and operation of its Project ONE ethane cracker in the Port of Antwerp, which aims to become the most environmentally sustainable cracker in Europe and produce ethylene; this can in turn be polymerised into polyethylene.
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ArticleMintel on the key challenges facing the packaging industry in 2023
David Luttenberger, Global Packaging Director at Mintel, tells us more about the political, economic, social, technological, environmental, and legal factors impacting the global packaging industry.
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ArticleHubbub and McDonald’s set to support development of public recycling facilities with new grant fund
Hubbub and McDonald’s are launching a new #InTheLoop grant fund to support two new projects in the introduction or improvement of their recycling infrastructure, hoping to help local authorities and other organisations implement the facilities for recycling in public spaces.
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ArticleLyondellBasell and KIRKBI invest in APK’s solvent-based LDPE recycling technology
LyondellBasell and KIRKBI A/S have signed an agreement to invest in APK’s solvent-based Newcycling recycling technology for LDPE.
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ArticleSidel acquires Makro Labelling in effort to develop labelling machines on global scale
The Sidel Group has acquired Makro Labelling in pursuit of new labelling technologies that will expand its reach in key market segments and facilitate international development for Makro Labelling Srl.
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ArticleWhere is the steel packaging industry at in 2023?
Earlier this year APEAL, the Association of European Producers of Steel for Packaging, appointed Luc Brantjes, Sales Director Packaging at Tata Steel Netherlands, as its new president. So, what’s the outlook for the steel packaging market, and how is it working towards enhanced sustainability? We recently caught up with Brantjes to learn more.
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ArticleRecycleye’s automated waste picking technology secures $17 million in Series A funding from DCVC
Recycleye has announced an additional $17 million in Series A funding from DCVC to enhance its AI-driven waste-picking robotics solution.
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ArticleAmcor invests $250,000 into circolution’s ‘packaging as a service’ solution
Amcor is set to invest $250,000 into circolution, a smart reusable food packaging start-up and the third winner of Amcor’s Lift-Off initiative, in a further push to implement more sustainable packaging solutions.
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ArticleResilinc records 38% increase in European supply chain disruptions in 2022
New data released by Resilinc has indicated towards a 38% increase in supply chain disruptions across Europe in 2022 – predominantly a result of factory fires, mergers and acquisitions, and business sales, as well as such socio-political issues as the Russian invasion of Ukraine.
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ArticleDow set to reduce workforce by 2,000 roles in bid to deliver $1 billion in cost savings in 2023
Dow has set out a list of targeted actions in its pursuit of $1 billion in cost savings in 2023, which includes optimising labour and service costs – involving the reduction of around 2,000 roles.
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Article20% of organisations to prioritise carbon emissions reduction over recyclability and plastic elimination goals by 2026, says Gartner
Gartner, Inc. has predicted that, by 2026, 20% of organisations are going to turn their attention to reducing the carbon footprint of their packaging over eliminating plastics and facilitating recycling.
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ArticleCrown Van Gelder declared bankrupt with increased energy and material costs causing liquidity shortfall
Crown Van Gelder B.V. has been declared bankrupt by the District Court of Noord-Holland with its financial difficulties partially attributed to the high costs of energy and raw materials.
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ArticleSmithers report anticipates $503.4 billion demand for fibre-based packaging by 2027
According to a new study conducted by Smithers, worldwide demand for fibre-based packaging is set to rise to $503.4 billion in 2027 at a compound annual growth rate (CAGR) of 3.4%, and the total weight of fibre packaging to 316.3 million tonnes from 2022’s 264.4 million at a CAGR of 3.7%.
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ArticleConstantia Flexibles targets growth in India through new joint venture agreement
Constantia Flexibles has signed a joint venture agreement with Premji Invest and S.B. Packagings to expand its business and operations in various packaging sectors and create value in the Indian market.
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ArticleIndustry responds to European Parliament’s proposed plastic waste export ban to non-OECD countries
Industry groups and NGOs have responded to the European Parliament’s vote in favour of stricter control measures for waste shipments and a ban on exporting plastic waste to non-OECD countries.
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ArticleEuropean labelstock demand dropped sharply in fourth quarter of 2022, says FINAT
New statistics released by FINAT have reported that European labelstock demand faced a significant decrease in last year’s fourth quarter due to strike-related paper shortages from Finland in the first half of 2022, amongst other causes.
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ArticleAmcor acquires MDK to expand medical device packaging portfolio in Asia Pacific region
Amcor has announced its acquisition of MDK, a Shanghai-based provider of medical device packaging, in an effort to complement its existing portfolio on the Chinese market.