The global light-emitting diode (LED) market is increasing at a compound annual growth rate (CAGR) of more than 18% during 2017-2021, rising from $18.51bn in 2016 to $24.67bn in 2012, forecasts market research firm Technavio. In ...
Domino Digital Printing Solutions is introducing a new fluorescent security ink for its K600i piezo drop on demand ink jet printer at Labelexpo Europe 2017. The UV80CL ink will be useful for security printing and brand protection, ...
Tags: Ink Jet Printer, Printer
US-based packaging and bottling line systems manufacturer Krones is investing in a new training and technology center in southeastern Wisconsin, US. The 40,000ft² facility, which will serve the company’s customers and ...
Tags: Krones, packaging, bottling line systems
Canadian packaging company Intertape Polymer has reported a 4.3% increase in its revenue to $210.2m for the second quarter of 2017, compared to $201m for the same period last year. The company's gross profit fell from 25.7% to 22.5% from ...
Tags: packaging, Intertape Polymer
Honda announced the arrival of the 2017 Honda Clarity Electric sedan at select dealerships in California and Oregon. With a competitive introductory lease price of $269 (plus tax) a month for 36 months, the lease terms include an ...
Tags: Electric Sedan, electric motor
American paper and pulp giant International Paper has recorded a net profit of $80m, compared to the $209m the company earnt in the first quarter of this year. Last year, during the same period, the company earned $40m. The earnings ...
Corrugated packaging company Smurfit Kappa has reported a drop in second-quarter profit but said its revenue increased, due to strong demand in majority of markets. The company's pretax profit during the three months ended 30 June 2017, ...
Tags: Corrugated packaging, packaging
Packaging Corporation of America (PKG) has reported sales of $1.6bn for the second quarter of this year, compared to $1.4bn for the same period last year. The company reported a net income of $143m for the period, compared to $115.9m in ...
Tags: Packaging, containerboard
Graphic Packaging has reported a 8% drop in its net sales to $1.09bn for the second quarter of 2017, compared to $1.10bn reported in the prior year period. Though sales had fallen by 8%, the company stated that its net tons sold increased ...
Tags: Graphic Packaging, Packaging
Great Lakes Cheese (GLC) is building a new $55m cheese packaging facility in Wausau, Wisconsin, US. The company has entered into an agreement with the City of Wausau to build the plant, which will help to enhance its production operations ...
Tags: Great Lakes Cheese, Packaging
Tyson Foods will invest $59.7m to expand its distribution center in Pottsville, Pennsylvania which would create more jobs, improve efficiency and support its growth plans. The project, which will begin this summer, includes construction ...
Tags: Tyson Foods, foodservice
Swedish confectionery and nuts company Cloetta has agreed to divest Cloetta Italy to Katjes International. The sale equals an Enterprise Value (EV) of approximately SEK 450m. The proceeds will generate a positive net cash effect of ...
Tags: Cloetta
McLaren Automotive has debuted new convertible Sports Series model, the 570S Spider, at Goodwood Festival of Speed in the UK. The 570S Spider is powered by 3.8 litre V8 twin-turbocharged engine connected to a seven-speed gearbox, that ...
Tags: McLaren, Automotive
French food group Danone has signed a binding agreement to sell its US dairy subsidiary, Stonyfield, to Lactalis for $875m. The price of the deal represents 20 times its earnings before interest, tax, depreciation and amortization ...
International Paper has agreed to settle the Kleen Products antitrust class action lawsuit, which was filed in 2010 against it and seven other containerboard producers. The lawsuit is pending in the US District Court for the Northern ...