The European Union (EU) has unveiled a new strategy on plastics as part its efforts to protect the environment from plastic pollution. Under the new strategy, EU intends to turn all plastic packaging into recyclable by 2030, in addition ...
Tags: Plastic Packaging, plastic waste
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
Asia Pulp & Paper Group received the first Forest Law Enforcement Governance and Trade (FLEGT) license in Indonesia for the Pindo Deli Pulp and Paper Mills. FLEGT licensing will increase trade between Indonesia and EU by automatically ...
Tags: Asia Pulp&Paper, Paper Mills
South African retailer Steinhoff International, owner of retail brands Harveys and Bensons for Beds in the UK, plus trade brands including Slumberland, Myer's, Dunlopillo and Relyon, reports unaudited revenue growth of 33% to €13.1b ...
Anheseur-Busch InBev (AB InBev) has offered to sell SABMiller’s Eastern European brewing assets to gain regulatory approval for its £71bn merger with the UK drinks company. The Belgium brewer has submitted an updated ...
Tags: AB InBev, EC Approval
British Virgin Islands-based packaged food company Nomad Foods has completed the acquisition of frozen food brand Findus Sverige AB for £500m from LionGem Sweden 1 AB. The acquisition includes Findus' European businesses in ...
Tags: Nomad Foods, frozen food, Findus
Automobile markets in China and Russia are losing steam, bearing down on automobile manufacturers. On one hand, the euphoria set in by the recovery of European market post-recession fail to cheer up carmakers as their efforts to post ...
Tags: Volkswagen, Automobile markets
A research from Netherlands based Rabobank finds that European Food & Agribusiness (F&A) industry is losing €60bn annually because of food wastage. The report identifies the supply chain as the source of most of the food wastage, ...
Tags: Food Wastage, crops handling, food packaging
RPM International Inc. reported a 10 percent increase in net income and an 8 percent increase in earnings per diluted share on flat sales for its fiscal 2015 second quarter ended November 30, 2014. Second-Quarter Results Net sales of ...
Volkswagen's Spanish division SEAT is expected to stop selling its cars in Russia due to weak sales following economic downturn and its impact on local currency. Apart from other industries, cars have been hit badly due to the economic ...
Tags: economic downturn, oil prices, Auto
Russia's auto market shows no signs of improving in the next two years, having been hit by an economic slowdown and the weak rouble, according to media reports. Sanctions over Ukraine have hurt the Russian economy, hitting car sales to a ...
Tags: Russian, Demand, Metallurgy
General Motors has unveiled plans to temporarily scale back production at its facility near St Petersburg, Russia. The proposed plans come in response to a slump in demand in the Russian automotive market. A General Motors spokesperson ...
Tags: General Motors, Plans, Auto Parts
In the first five months this year, sales of passenger cars and commercial vehicles in Russia decreased by six percent year on year to 1.031 million units, according to the statistics released by the Association of European Businesses. ...
Goodyear Tire & Rubber Co. reported a net loss of $58 million on net sales of $4.5 billion for its first quarter ended March 31, 2014. That compares to income of $26 million on sales of $4.9 billion for the same period last year. Goodyear ...
Tags: Goodyear, Tire, Tyre, auto parts
Graphic Packaging's European subsidiary is all set to acquire the UK-based food and healthcare packaging firm Benson Group for approximately $165m. Subject to standard closing requirements, the transaction will be funded with existing ...
Tags: Graphic Packaging, Packaging