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Constantia Completes $1.3bn Sale of Labels Division to Multi-Color
Nov 2, 2017Constantia Flexibles has completed the €1.15bn ($1.3bn) divestiture of its labels division to Ohio-based printing company Multi-Color Corporation following the receipt of regulatory authorities. As part of the deal, Constantia ...
Tags: Constantia Flexibles, labels
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Vetter to Expand Secondary Packaging Capabilities at German Facility
Oct 23, 2017Vetter has unveiled plans to expand the secondary packaging capabilities at its facility in Ravensburg, Germany. Vetter’s existing secondary packaging facility is being expanded to meet the growing customer needs and market demand ...
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Smithfield Foods to Acquire Two Romanian Packaged Meats Manufacturers
Sep 28, 2017Hong Kong-based pork supplying giant WH Group said that its subsidiary Smithfield Foods will acquire 100% stake of two Romanian packaged meats manufacturers Elit and Vericom for an undisclosed price. The acquisition will further expand ...
Tags: Smithfield Foods, Packaged Meats
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Cargill, Faccenda Foods to Establish Poultry Joint Venture in UK
Sep 27, 2017Agribusiness giant Cargill has agreed to merge its fresh chicken business in the UK with Faccenda Foods’ fresh chicken, turkey and duck operations to create a new food firm. The parties will establish a fresh poultry joint venture ...
Tags: Cargill, Faccenda Foods
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Anhui Shanying Paper to Acquire Nordic Paper
Jul 25, 2017Chinese paper and pulp company Anhui Shanying Paper Industry has agreed to acquire Swedish firm Nordic Paper from Special Situation Venture Partner lll and Petek. Special Situation Venture Partner lll and Petek, each hold 60% and 40% ...
Tags: Nordic Paper, Anhui Shanying Paper
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Smithers Pira Says Economic and Demographic Trends Shape Rigid Plastic Packaging Industry
Jul 5, 2017A new report from Smithers Pira expects the worldwide rigid plastic packaging consumption to grow during 2017–2022 at an annual rate of 3.7% to 63.4 million tonnes. Economic and demographic trends are key determinants of packaging ...
Tags: plastic packaging, packaging
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Volkswagen Launches Us Unit for Zero-Emission Vehicles
Feb 14, 2017Volkswagen has launched a new subsidiary designed to oversee $2bn in investments to promote zero-emission vehicles in the US. The new company, Electrify America, will be based in Reston, Virginia. It will invest in the construction and ...
Tags: Volkswagen, Zero-Emission Vehicles
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Daibochi, Myanmar Smart Pack Sign MoA to Expand Flexible Packaging Business
Nov 15, 2016Daibochi Flexibles, a wholly-owned subsidiary of Daibochi Plastic and Packaging Industry, has signed a memorandum of agreement (MOA) with Myanmar Smart Pack Industrial Company to tap into the growing consumer packaging market. As part of ...
Tags: Daibochi, Smart Pack, Flexible Packaging
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International Flavors & Fragrances to Buy Privately-Held Fragrance Resources
Nov 9, 2016International Flavors & Fragrances announced that it has entered into an agreement to acquire Fragrance Resources. Founded in 1987, Fragrance Resources is a privately-held, family-owned fragrance company. For almost 30 years, it has ...
Tags: Fragrance Resources, Fragrance
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Ball, Rexam to Sell $3.42bn of Assets to Gain Regulatory Approval for Merger
Apr 27, 2016US-based drinks can maker Ball and Rexam have agreed to sell $3.42bn of assets to Luxembourg-based packaging maker Ardagh in order to gain regulatory approval for the proposed £4.43bn merger. The merger, which is due to be completed ...
Tags: drinks can, Ball and Rexam
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Asahi Group Agrees to Acquire SABMiller's Peroni, Grolsch, and Meantime Brands for $2.9bn
Apr 21, 2016Japanese drinks company Asahi Group has agreed to acquire SABMiller’s Peroni, Grolsch, Meantime brands for $2.9bn, clearing another hurdle for the Anheuser-Busch InBev and SABMiller’s $108bn merger. The acquisition is ...
Tags: Asahi Group, Acquisition, SABMiller, Merger
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Siemens, Valeo to Form JV for EV Powertrains
Apr 20, 2016Siemens and Valeo have signed an agreement to establish a joint venture (JV) to develop powertrains for electric cars. The JV will have headquarters in Erlangen, Germany, and facilities in France, Norway, Poland, Hungary and China. ...
Tags: Siemens, Valeo, JV, Joint venture, Powertrains, Electric cars
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FCA Says Its Diesel Engines Comply with Applicable Emissions Regulations in Europe
Feb 3, 2016The diesel emissions issue has been the subject of attention for the past several months in Europe, where diesel is quite common. In response to these events, FCA has conducted a thorough internal review of the application of this ...
Tags: diesel emissions, diesel vehicles
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California Asks Volkswagen to Recall 15, 000 Vehicles
Dec 3, 2015The California Air Resources Board (CARB) has ordered Audi, Porsche and Volkswagen to recall and repair 15,000 vehicles featuring 3.0-liter diesel engines sold in the state since 2009. According to the watchdog, the vehicles contain an ...
Tags: Volkswagen, Audi, 3.0-liter diesel engines
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EU PROSAFE Launches Joint Market Surveillance of LEDs and Other Consumer Goods
Oct 14, 2015Hong Kong exporters may be interested in the new Joint Market Surveillance Action on Consumer Products being undertaken by PROSAFE, the Product Safety Enforcement Forum of Europe, which has been launched in July 2015. The Joint ...
Tags: LEDs, EU PROSAFE, joint market surveillance