Polyplex Corp., Ltd., says it will establish a new manufacturing plant in India for BOPET films, growing its production capacity by 52,400 tonnes a year. The roughly $67-million investment will yield further output of BOPET films, known for their strength, clarity, and barrier properties. These are applied to food packaging, electrical insulation, and industrial … [Read more...] about Polyplex Corp. to invest US$67 million in new BOPET-film line in India
Film Making & Substrates
UFlex to invest $200 million on capacity expansion in Egypt to serve MEA markets
India-based flexible-packaging converting giant UFlex says its is investing about $200 million in Egypt for two projects: $70 million on a PET-chips facility -- a raw material essential for BOPET films (thin polyester-packaging films) and $130 million on an aseptic-packaging converting operation. The projects will serve markets in the Middle East, Europe, and Africa and are … [Read more...] about UFlex to invest $200 million on capacity expansion in Egypt to serve MEA markets
That’s a lotta aluminum-foil-wrapped chocolate Santas
According to a survey by the Federation of the German Confectionery Industry (BDSI), an impressive 167+ million chocolate Father Christmases (aka Santa Clauses, Saint Nicks, Kris Kringles, etc.) have been manufactured for the 2024 season. Key to maintaining the quality of these festive delicacies is careful packaging, particularly through the use of aluminum foil. The … [Read more...] about That’s a lotta aluminum-foil-wrapped chocolate Santas
Revolution Sustainable Solutions acquires Island Plastics
Little Rock, AR-based Revolution Sustainable Solutions LLC, a leader in sustainable materials and recycling solutions, has acquired Island Plastics LLC, a producer of 100% post-consumer recycled (PCR), linear low-density and low-density polyethylene film-grade resin. The strategic move bolsters Revolution's commitment to sustainable loop solutions and expands its recycling … [Read more...] about Revolution Sustainable Solutions acquires Island Plastics
Novolex to acquire Pactiv Evergreen in all-cash deal worth $6.7 billion
Novolex and Pactiv Evergreen, Inc., have entered into a definitive agreement to combine, creating a leading manufacturer in food, beverage and specialty packaging products. Under the terms of the deal, Novolex will acquire Pactiv Evergreen in an all-cash transaction valued at $6.7 billion, inclusive of Pactiv Evergreen’s net debt as of Sept. 30, 2024. The combination … [Read more...] about Novolex to acquire Pactiv Evergreen in all-cash deal worth $6.7 billion