Global packaging firm Sonoco has completed the acquisition of US firm Highland Packaging Solutions for about $150m. Highland Packaging, which is based in Plant City of Florida, provides thermoformed packaging for fresh fruits, vegetables ...
Tags: Sonoco, Packaging, vegetables
A consortium of Ningbo Joyson Electronic (Joyson Electronics) and Asia-based private equity firm PAG have offered funding to Key Safety Systems (KSS) in acquiring the all of the global assets of Japan-based airbag-maker Takata. Takata's ...
UK-based food-to-go packaging manufacturer RAP has developed a new modified atmosphere (MA) carton food tray for Moy Park, a poultry meat producer in England and Northern Ireland. The new RapTray, which is claimed to be the world’s ...
Tags: RAP, Carton Food Tray
Electric car-maker Tesla Motors has missed its Model 3 targets for the first quarter of this year. Last week it produced 2,020 of Model 3, against the target 2,500 vehicles. For the next week, the company forecasts to produce 2,000 ...
Tags: Tesla, Tesla Motors
Koenig & Bauer has fully achieved or exceeded its guidance for 2017, driven by strong revenue and earnings in the fourth quarter. The printing press manufacturer’s consolidated figures show that with the increase in revenue, ...
Tags: Koenig&Bauer, packaging
Canadian global automotive supplier Magna and US ridesharing firm Lyft have partnered to jointly fund, develop, and manufacture self-driving systems. Apart from funding the partnership, Magna agreed to invest $200 in Lyft. The ...
Tags: Magna, Self-Driving Systems
UPM Raflatac has launched new Premium Gloss UVI, the highest quality premium-gloss paper labelstock for UV ink-jet printing on the market. Ideal for multicolor labels requiring excellent print definition and fine details using UV ink-jet ...
Bobst Group, a Swiss-based supplier of equipment and services to the packaging and label industries, has reported consolidated sales of CHF1 529m ($1,629m) in 2017, an increase of CHF82m, or 5.7%, compared to 2016. The operating result ...
Tags: packaging, label industries
Antalis Packaging is helping retailers expand their brand with bubble wrap innovation. The company said Sealed Air Bubble Wrap IB Expressions, a bubble wrap solution with a difference, is now available through Antalis Packaging. The ...
ON Semiconductor of Phoenix, AZ, USA – which supplies power management, analog, sensors, logic, timing, connectivity, discrete, system-on-chip (SoC) and custom devices – has extended its silicon carbide (SiC) diode portfolio by ...
Packaging firm Sonoco has reported a 13.7% increase in net sales to $1.30bn for the fourth quarter of 2017, compared to $1.14bn for the same period in 2016. The company said the growth in net sales was supported by acquisitions, net of ...
Tags: Packaging, packaging segment
Unilever is calling the consumer goods industry to accelerate action to tackle ocean packaging waste and create a circular economy for plastics. Last year, the firm has announced its commitment to make its plastic packaging 100% reusable, ...
Tags: Unilever, consumer goods industry
Gosport Borough Council and paper cup manufacturer Huhtamaki have initiated a recycling initiative for paper coffee cups in Gosport, UK. Environment Minister, Thérèse Coffey, has today launched a new recycling initiative for ...
Tags: paper cup, paper coffee cup
Sysco has agreed to acquire Kent Frozen Foods, a UK-based foodservice distributor, for an undisclosed price to expand its European business. The acquisition, which is conditional upon approval from the Competition and Markets Authority, ...
Tags: Frozen Foods, Sysco
The global market for radio-frequency (RF) power semiconductor devices – spanning silicon (LDMOS), gallium arsenide (GaAs) and gallium nitride (GaN) – will increase at a compound annual growth rate (CAGR) of nearly 12% during ...
Tags: Semiconductor