Corrugated Board Packaging News
- July 2022 - WestRock Co., a US-based containerboard and packaging manufacturer, announced that it entered into an agreement to acquire the remaining interest in Grupo Gondi for USD 970 million, plus the assumption of debt. According to the WestRock, upon completion of the transaction, the company would further enhance its position in the growing Latin American containerboard and consumer and corrugated packaging markets, as Grupo Gondi operates nine corrugated packaging plants, four paper mills, and six high graphic plants throughout Mexico.
- February 2022 - Menasha Packaging Company, LLC, a subsidiary of Menasha Corporation, announced the signing of an agreement to acquire the assets of Color-Box, a business unit of Georgia-Pacific, LLC. The acquisition is expected to complete in early summer 2022. Like Menasha Packaging, Color-Box is a corrugated packaging manufacturer that specializes in high-graphic boxes, which will help expand the company's geographic footprint and provide additional graphics, design, and structural packaging options for Menasha's customers.
Related Packaging Materials Industry News
- 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.
- June 2024: Georgia-Pacific, a prominent consumer product manufacturer, unveiled the reimagined ARIA brand. The centerpiece of this relaunch is 100% recycled, three-ply bath tissue, which aligns with the increasing consumer demand for sustainability while ensuring high standards of quality and softness.
- April 2024: Georgia-Pacific announced a USD 150 million investment to upgrade a paper machine at its Wauna, Oregon mill. This initiative will convert a 1965-era machine into a state-of-the-art facility dedicated to producing paper for Angel Soft and select private-label bath tissue brands. This strategic modernization effort enhances the mill's and the company's competitive position in the market.
- March 2024: Sealed Air developed a new paper bottom web to meet the needs of food processors, retailers, and consumers looking to reduce plastic consumption and meet paper packaging demand. CRYOVAC’s new barrier formable paper, branded under Sealed Air, is made of 90% fibers certified by the FSC. According to SEE, this paper bottom web can reduce plastic by 77% when replacing PET/PE bottom web packaging.
- January 2024: The new product, Sunfeast Farmlite Digestive Biscuit Family pack in 100% outer paper packaging, was launched by ITC Sunfeast Farmlite, a range of healthy biscuits from ITC Foods. It is the first brand to embrace 100% outer paper packaging. Ergonomic design aspects have been carefully selected, making paper packaging consumer-friendly, visually attractive, and comfortable.
- January 2024 - Bank ABC (Arab Banking Corporation BSC) closed a EUR 24.9 million (USD 26.94 million) sustainability-linked credit facility for the Saudi Paper Manufacturing Company. The loan amount is planned to support SPM’s expansion plan by funding the procurement of state-of-the-art machinery from Toscotec, which will add efficiencies of scale and scope to SPM’s business.
- April 2023 - Hotpack, a UAE-based manufacturer and supplier of disposable packaging, launched a specialized food packaging program in Saudi Arabia, involving a SAR 1 billion (USD 266 million) investment. The initiative aims to manufacture environmentally friendly products, with the packaging unit dedicated to producing sustainable and recyclable packaging solutions.
- February 2024: Metsä Group invested in three new converting lines for Mariestad’s tissue paper mill in Sweden. The expansion is centered on sustainable fresh fiber production, with 80% of the total fresh fiber production coming from the mill after the expansion in the second half of 2025.
- January 2024: Ontex Group launched a baby swim pants line for retailers based on its growing baby pants manufacturing platform, HappyFit. These swim pants have been designed to remain comfortable in the water without swelling and stay in place due to side elastics and soft and colorful material.
- March 2024: Repsol launched its lubricant containers, integrating 60% mechanically recycled post-consumer plastic. This new material, a Repsol Reciclex series of eco-friendly polyolefins components, will be utilized in all 1-liter, 4-liter, and 5-liter lubricant containers.
- October 2023: PAC Worldwide opened a larger manufacturing facility in Mexico. Formerly situated in Pedro Escobedo, the company's operations have transitioned to an 83,000-square-foot Vistha San Juan Del Rio plant. This new facility serves as a hub for flexible packaging solutions.
- August 2023: GPA Global, one of the innovative packaging companies, announced the combination of Foli de Mexico, one of Mexico’s packaging, display, and commercial printing companies. This strategic alliance strengthens GPA Global’s position as a global leader in packaging. It marks a major milestone in the company’s mission to provide customers with innovative solutions and sustainable business practices worldwide.
- January 2024: Coca-Cola India and Reliance Retail, the retail arm of India-based conglomerate Reliance Industries Limited (RIL), launched a new polyethylene terephthalate (PET) collection and recycling initiative. The initiative, called 'Bhool na Jana, Plastic Bottles Lautana,' will feature reverse vending machines and collection bins in Coca-Cola India's and Reliance Retail's stores in Mumbai and Delhi, with plans to roll it out nationwide. The initiative, part of the Indian government's larger 'Swachh Bharat' Mission, started with 36 stores, including those in Mumbai, Delhi's Smart Bazaar, and Sahara Bhandar.
- October 2023: Coca-Cola India launched 100% recycled polyethylene terephthalate (rPET)-made bottles in the carbonated beverage category. The new bottles are being manufactured by Coca-Cola bottling partners, Moon Beverages and SLMG Beverages.
- March 2024: A 75 cl bottle with a carbon footprint and approach to achieving carbon neutrality was launched by O-I Glass, which has been certified by the Carbon Trust.
- February 2024: Vetropack, a European glass manufacturer, launched a returnable bottle of 0.33 liter, the first of its kind in the Austrian brewing sector. The bottle is one-third lighter than the traditional reusable bottle, and over two-thirds of the glass used in the production process is recycled.
- January 2024: Savillex, a container and containment solutions provider, has unveiled its latest product line under the Purillex brand PETG Square Media Bottles. These bottles are designed for critical life sciences applications and are produced in Savillex's ISO Class 7 facility in the United States.
- January 2024: Tekni-Plex Inc. introduced the world’s first 30% post-consumer recycled content pharmaceutical-grade blister film along with the partnership with Alpek Polyester. The blister film is also fully recyclable and meets all pharmaceutical requirements for PET as outlined in the European Pharmacopoeia Section 3.1.15 and the United States Pharmacopoeia Section 661.1.
- October 2022 - Tetra Pak, a multinational provider of food processing and packaging solutions, declared that it would establish a joint venture with Egyptian paper board producer Uniboard to recycle used beverage cartons (UBC) in Egypt for a sum of EUR 2.5 million (USD 2.59 million). When the plant reaches full capacity in five years, it will recycle 8,000 tonnes of UBC yearly after beginning the first operation the next year.
- June 2022 - The Board of Directors of the paper and cardboard division of the Chamber of Printing & Packaging Industries of the Federation of Egyptian Industries (FEI), led by the division's head Jamal Al-Saudi, prepared a case study on strategies to develop the paper and cardboard industry and the challenges it faces, for submission to the responsible authorities for their timely action. Al-Saudi pointed out that the study contains 15 recommendations for solving all the major problems faced by the paper and cardboard industry in Egypt and ways to develop them and increase the sector's exports.