US-based Atlas Holdings has acquired the North American Foam Trays and Absorbent Pads (TAP) businesses of Sealed Air Corporation for an undisclosed amount and launched its new operating company Novipax. Novipax will be operating five ...
Tags: Atlas Holdings, Air Acquisition, Packaging
PPG Industries has announced that it has completed the acquisition of REVOCOAT, a global supplier of sealants, adhesives and damper products for the automotive industry, from the AXSON Group. Financial terms were not disclosed. “The ...
Canadian apparel retailer Gildan Activewear said it has completed the implementation of its previously announced two for one share split of its outstanding common shares by way of a share dividend. The common shares started trading on a ...
Tags: Gildan Activewear, Shareholder, Apparel
Marine logistics company Oricon Enterprises (OEL), a flagship company of Parijat Enterprises, will be acquiring 70% stake in India-based Oriental Containers for $16.77m (INR105cr). OEL will buy the company from its Mauritius-based joint ...
Tags: OEL, water closures, Packaging
General Motors is reportedly planning to build its next-generation Chevrolet Cruze at Coahuila plant in Mexico. The company is also planning to invest $350m for the production of the next generation small car, reported Reuters. ...
Tags: Motors, Chevrolet, Auto Parts
Orora has announced plans to build a new dairy bag production line following the securing of a long-term supply contract for Fonterra's New Zealand milk powder operations. The $20 million investment will see the establishment of a new ...
From its beginning as a graphic arts company called EskoArtwork, Esko has built itself into the leading global player in packaging production and supply chain solutions, with its headquarters in Gent, Belgium, and R&D and manufacturing ...
Tags: Esko, manufacturing facilities, Packaging
Orora has secured a contract from New-Zealand-based dairy co-operative group Fonterra for the supply of multi-walled dairy bags. According to the terms of the agreement, Orora will invest in its manufacturing capacity for the supply of ...
Tags: Orora, dairy products
The counterfeiting of well-known brands and products is a problem that continues to rise each year and is currently estimated to make up five to seven percent of world trade, or $1.77 trillion in 2015. Counterfeited brands, including ...
Automotive supplier Magna International has commenced construction on a new automotive exteriors manufacturing facility in Queretaro, Mexico. The company is investing $135m on the 285,000 ft2 plant, which will manufacture molded and ...
Tags: Magna, automaker, Auto Parts
Alvanon, a provider of fit forms said it has been awarded a large order for its AlvaForm technical fit mannequins by LC Waikiki, Turkey’s largest independent fashion brand. “The latest order for ladies’, men’s ...
Australian government has withdrawn its plan to cut $500m funding to domestic auto industry proposed under Automotive Transformation Scheme (ATS) scheme. The funding cuts were announced last year, but it failed to get Senate approval. ...
Dutch establishment Wessanen will divest its juice business American Beverage Corporation in the US to Brynwood Partners, in a $55m deal. American Beverage produces and markets ready to drink cocktails, non-alcoholic cocktail mixers, and ...
Tags: Wessanen, Juice Business, Beverage
German automaker Daimler is reportedly set to build its Sprinter vans at its plant located in Ladson, near Charleston in South Carolina. With the production of the new vehicle, the company is also expected to add 1,200 new jobs to the ...
Tags: Sprinter Production, Daimler
Automotive component supplier Cooper-Standard has completed the purchase of Huayu Automotive System’s shares in Huayu-Cooper Standard Sealing Systems, the company’s Chinese joint venture. The purchase has made Cooper-Standard ...