The Packaging industry briefing
The news and data you need to know about the packaging industry
In numbers
$120m
Diversified packaging company Sonoco has agreed to divest its Europe contract packaging business for $120m in cash. Sonoco is expected to use the net proceeds from the sale to lower short-term debt and strengthen its liquidity position.
$350,000
Biodegradable material developer Danimer Scientific has secured a grant to study the potential use of high-oleic soybean oil (HOSO) in biodegradable plastic production. Awarded by the United Soybean Board, the project is valued at $350,000.
30%
Sustainable packaging company DS Smith has revealed its long-term target of lowering carbon emissions by 30% by 2030. The commitment is in line with the reaffirmation of that target in the company’s newly launched Now and Next Sustainability Strategy.
$200m
Glass tableware manufacturer Libbey’s reorganisation plan has been approved by the US Bankruptcy Court for the District of Delaware. Following the approval, the company expects to emerge from the court-supervised restructuring with a stronger balance sheet and reduced debt of less than $200m in the next few weeks.
2023
Family-owned spirits company Bacardi has revealed plans to launch its new 100% biodegradable biopolymer bottle in 2023.
In brief
Ball Corporation launches partnership with Arsenal Football Club
Ball Corporation joins Arsenal as the football club's official sustainable aluminium packaging partner, in a move designed to help the club and its millions of fans around the world reduce their impact on the environment.
Sole Source acquires blown polyethylene film maker Dallas Plastics
Private equity firm Sole Source has purchased Texas-headquartered blown polyethylene film producer Dallas Plastics for an undisclosed sum. The partnership will enable Dallas Plastics to further expand its operations across North America.
Coveris to upgrade and expand two German medical packaging sites
Flexible and sustainable packaging solutions provider Coveris has launched a comprehensive programme to upgrade and expand two of its German medical packaging production sites. The investment is part of the company’s announcement earlier this year to grow its medical segment towards industry 4.0 standards.
Dettol launches 100% recycled bottle in India
Germ protection brand Dettol has launched a limited-edition bottle made from fully recycled plastic in India. The 100% Post Consumer Resin (PCR) Dettol Handwash bottle is part of the company’s aim to address the plastic pollution problem which has accelerated due to the coronavirus pandemic.
Conagra expands partnership with Footprint to meet sustainability goals
US-based food company Conagra Brands has announced that it will continue its partnership with recyclable packaging developer Footprint to work towards sustainability goals.
In pictures
P&G unveils reusable aluminium bottle and refill pouch in hair care
The new 100% aluminium reusable bottle and recyclable refill pouch is part of P&G’s commitment to half it's use of virgin petroleum plastic by 2030.
Delhaize and DS Smith partner to create reusable corrugated tray
The 100% recyclable Direct Box was developed to help Belgian Supermarket Delhaize meet growing demand for home deliveries across Belgium due to Covid-19 pandemic.
Henkel promotes sustainable packaging with three brand relaunches
German consumer goods company Henkel is taking steps in advancing its sustainable packaging solutions with the relaunch of three brands.
BillerudKorsnäs and AB Group Packaging launch reusable paper bags
Swedish pulp and paper manufacturer BillerudKorsnäs and paper bags manufacturer AB Group Packaging have announced the Reusable Paper Bag for sale in the UK.
