US Packaging News

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• August 2024: Nestlé Nigeria has introduced its iconic breakfast cereal, Golden Morn, now featuring sustainable packaging. This initiative aligns with Nestlé's global recycling vision. The new packaging highlights Nestlé's commitment to ensuring that over 95% of its plastic packaging is recyclable by 2025. Additionally, the packaging incorporates eco-friendly materials, further emphasizing Nestlé's dedication to sustainability.
• April 2024: Pharmaconex West Africa is set to debut in Nigeria. The event will spotlight Active Pharmaceutical Ingredients (APIs), Generic APIs, Machinery & Process, Packaging Materials, and Finished Dosage Forms (FDF). It's open to a wide array of professionals in the pharmaceutical and medical laboratory sectors, encompassing manufacturers, distributors, suppliers, consultants, researchers, and regulators.

• April 2024: Flora, a food spread company, launched the world's first plastic-free paper tub in the United Kingdom. This innovative packaging allows shoppers to purchase Flora Plant products in recyclable tubs at Sainsbury's stores across the country. This represents a significant step toward Flora's goal of reducing plastic in its portfolio by 80% by 2030, and it is expected to drive the demand for sustainable packaging practices in the United Kingdom, creating a growth opportunity for the market.
• November 2023: Nestlé has pledged to provide a USD 8.78 million loan to Impact Recycling, a Newcastle-based company, to support their innovative process for recycling flexible packaging like candy wrappers and snack bags. Impact Recycling plans to use the loan to establish a new facility in Durham to process hard-to-recycle flexible plastics from food packaging into pellets that can be used to create new flexible products. This investment demonstrates the growing demand for sustainable packaging solutions and is expected to contribute to overall market growth.

• June 2024: Sonoco Products Company announced its agreement to acquire Eviosys, a Europe manufacturer of food cans, ends, and closures, from KPS Capital Partners, LP, at around USD 3.9 billion.
• May 2024: Mondi, a prominent global entity in sustainable packaging and paper, marked a significant milestone in Duino, Italy, by laying the foundation for its EUR 200 million (USD 216.45 million) investment in the mill, which Mondi acquired in January 2023. The facility's existing paper machine is transforming into a recycled containerboard machine.
• April 2024: The United Kingdom has initiated the Circularity in Primary Pharmaceutical Packaging Accelerator (CiPPPA) to spearhead the development and execution of strategies aimed at enhancing the recycling of medicinal devices and pharmaceutical packaging at their end-use. CiPPPA is a non-profit, collaborative effort that unites stakeholders spanning the pharmaceutical supply chain.
• April 2024: Berry Global Group Inc., a key player in designing, developing, and producing healthcare solutions, increased its production capacity by investing in new assets and manufacturing capabilities. This move is set to amplify production by a significant 30% at three of its European facilities.

• April 2024: BloomPack entered a strategic partnership with Valmet, a prominent Finnish firm known for its expertise in process technologies, automation, and services, and Omya, a global leader in industrial mineral production and chemical product distribution. Through this partnership, BloomPack plans to spearhead innovations in paper production, notably crafting advanced coated white top liner grades that set new benchmarks in the industry.
• October 2023: International technology group ANDRITZ announced that it would supply a complete fiber preparation line for a greenfield plant in the Toshka area in the south of Egypt. The pioneering and eco-friendly plant will produce high-density and medium-density fiberboard (HDF/MDF) from date palm fronds, a material normally considered farm waste.

• July 2024: Debut, a leader in biotech beauty, unveiled BiotechXBeautyLabs. This innovative venture specializes in formulation development and contract manufacturing, focusing on next-generation, high-performing, and sustainable biotech products. BiotechXBeautyLabs partnered with global beauty brands through custom formulations and a curated selection of clinically-backed white-label offerings. This collaboration enables these brands to leverage biotechnology, ensuring market-leading performance, unique claims, and 95% bio-based formulations without incurring research costs.
• April 2024: Lubrizol, a United States-based manufacturer of personal care ingredients, inked a memorandum of understanding with China's Proya Cosmetics, aiming to fast-track the creation of beauty products tailored to market demands. Capitalizing on a two-decade partnership, the two firms plan to harness their unique strengths to craft and promote beauty products that align with local market preferences and regulatory standards.

• May 2024: Kraftpal reported that its Saudi Arabian mega factory project, aligned with the nation's Vision 2030 initiative, will be completed during the forecast period. Once operational, this facility would be a mega-plant wholly focused on producing corrugated pallets, with a staggering annual output capacity of 10 million pallets. Leveraging advanced technology, the factory would address the surging demand for innovative and eco-friendly pallet solutions and aim to reduce pallet costs and carbon emissions in global logistics. KraftPal's lightweight corrugated pallets present a greener substitute to traditional wooden pallets, further diminishing the carbon footprint.
• January 2024: Saudi Arabia's sovereign wealth fund, the Public Investment Fund (PIF), finalized its investment in the Middle East Paper Company (MEPCO), headquartered in Jeddah. Through a capital increase and subscription to new shares, PIF has secured a 23.08% stake in MEPCO. This investment underscores the kingdom's and PIF's commitment to sustainability. It empowers MEPCO to enhance its production capacity, improve operational efficiency, and champion environmental sustainability with its recyclable offerings, including paper goods.

• July 2024 - Gerresheimer announced the acquisition of Bormioli Pharma for EUR 800 (USD 893.57 million) million. Bormioli Pharma produces primary packaging made of glass and plastic and dispensing systems for the pharmaceutical industry
• June 2024 - SCHOTT Hungary Kft. inaugurated production for pharmaceutical packaging products in Lukácsháza, Hungary. The facility will manufacture prefillable sterile glass syringes, doubling SCHOTT Pharma's production capacity for these products.
• March 2024 - Schott Pharma announced plans to build a new production site for syringes in Wilson, North Carolina, USA. The facility will produce prefillable polymer syringes for mRNA drugs and prefillable glass syringes for treatments such as diabetes or obesity."

• April 2024: Refresco, a prominent global provider of beverage solutions for major brands and retailers, finalized its acquisition of VBC Bottling Company, a premium beverage contract manufacturer based in the United States.
• January 2024: Novelis inked a fresh deal with Ardagh Metal Packaging USA. The agreement entails Novelis supplying aluminum beverage packaging sheets to Ardagh's North American metal production sites. Notably, this marks Novelis's third significant contract in under seven months, solidifying its presence in North America's beverage packaging sector.

• August 2024 - Mauser Packaging Solutions, one of the global leaders in industrial packaging and lifecycle solutions, has acquired a Pinetown-based business in Kwa-Zulu Natal, South Africa. This business specializes in manufacturing, selling, and supplying plastic drums, including significant rigid plastic variants. 
• May 2024 - PT. SCHÜTZ Container Systems Indonesia inaugurated a new extrusion blow molding line at its Karawang facility. The company produces its PE bung barrel, the F1 220 litres, utilizing a sophisticated multi-layer process. This addition seamlessly integrates with Schütz'sestablished IBC product lineup. 

• January 2024 - The Fedrigoni group, a speciality paper manufacturer for luxury packaging and other creative applications, self-adhesive labels and materials, and RFID and connectivity solutions acquired Arjowiggins China. The paper factory in Quzhou manufactures transparent papers sold under the Gateway and Sylvicta brands for applications such as industrial design and graphics for food, consumer electronics, or luxury packaging located in the Zhejiang Province.
• December 2023 - The State Bank of India invested in the paper packaging industry by injecting INR 49.99 crore (USD 6.04 million) into Canpac Trends Private Limited, a company based in Ahmedabad specialising in paper-based packaging solutions. SBI invested in Canpac Trends with a view to capital appreciation, highlighting the growth and profitability potential of the paper packaging industry.