All Business articles – Page 47
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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.
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ArticleUber and Visa launch programme to provide $1 million to small food establishments switching to sustainable packaging
Uber and Visa are joining forces in a new programme designed to support qualifying small-to-medium-sized Uber Eats restaurants in their transitions towards sustainable packaging solutions with a $1 million fund.
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ArticleEuropean Parliament proposes ban on plastic waste exports to developing countries
The European Parliament has given its backing to a new law that would ban exports of plastic waste to non-OECD countries, and phase out the export of plastic waste to OECD countries within 4 years.
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ArticleHolyGrail 2.0 to launch pilot in French market, marking a new project phase
The HolyGrail 2.0 initiative has entered its next project phase, in which its digital watermarking technology will be tested for such features as detection, ejection, and purity at three industrial-level testing facilities in France and Germany.
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ArticleSustainaPac and PulPac endeavour to bring Dry Molded Fiber food service packaging to North America
SustainaPac LLC has joined PulPac’s licensee network and now hopes to utilise the latter’s Dry Molded Fiber technology and produce single-use food service packaging products for the North American quick service restaurant market.
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ArticleBillerud CEO Christoph Michalski on its growth strategy investments in the US and Norway
“I look forward to taking on the challenge of developing BillerudKorsnäs to reach its full potential,” said Christoph Michalski, CEO of Billerud, when taking up the post in the summer of 2020. Lots has happened since he got started – the major acquisition of Verso in the United States is one example, and the recently announced partnership with Viken Skog in Norway another. Sitting down with Bo Wallteg – editor-in-chief at nord emballage (where this article originally appeared) – over lunch at HK, Michalski elaborated on his thoughts on the US and Norway and what awaits around the corner.
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ArticleNGOs unite to create knowledge exchange network and pursue eradication of plastic pollution
The World Economic Forum’s Global Plastic Action Partnership (GPAP), the Ellen MacArthur Foundation’s Plastics Initiative and WRAP have announced a collaboration set to share knowledge between their global initiatives and encourage global progress in combating plastic pollution.
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ArticleGPA Global acquires Cosfibel Group for nearshoring opportunities and growth into luxury packaging
GPA Global has acquired Cosfibel Group in a move hoped to establish GPA’s presence in the luxury packaging sector and expand its nearshore and onshore manufacturing capabilities.
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ArticleNGOs take legal action against Danone over alleged inaction against plastic pollution
ClientEarth has announced that, alongside Surfrider Foundation Europe and Zero Waste France, it will be taking Danone to court, alleging that it has violated its legal requirement to disclose and address the environmental impact of its operations.
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ArticleThe packaging stories and trends to follow in 2023
What will 2023 hold for the packaging industry? In this article, the Packaging Europe editorial team gives its predictions on the biggest challenges the sector will face during the year ahead.
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ArticleWinners of WorldStar Awards 2023 announced by World Packaging Organisation
The World Packaging Organisation has announced the 228 winners of its WorldStar Awards 2023, including nominees under the new Gift Packaging, Digital Packaging, and Accessible Packaging categories.
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ArticleStora Enso completes De Jong Packaging Group acquisition and estimates 2,000 million m2 corrugated packaging capacity
Stora Enso has successfully completed its acquisition of De Jong Packaging Group and aims to further expand its portfolio into applications such as renewable packaging and e-commerce solutions at a combined corrugated packaging capacity of 2,000 million m2.
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ArticleStora Enso divests site to Sylvamo in bid to focus on development of sustainable solutions
Stora Enso has completed the divestment of its Nymölla paper production site and all related assets to US-based uncoated paper producer Sylvamo – a move hoped to allow the company to narrow its focus to expanding its renewable packaging portfolios, biomaterial innovations, and building solutions.