News
Nestlé invests in Russian pet food factory
Nestlé will invest more than CHF 38m to double pet food production at its Purina PetCare factory in Russia’s Kaluga region. The investment in the new manufacturing building at the factory follows the installation of a new production line earlier this year. Creating around 60 new jobs, it will enable the factory to produce almost the entire range of Purina pet food products for sale in Russia, and for export to other Commonwealth of Independent States (CIS) countries. Laurent read more
Market News | 23.08.2011 read moreHuhtamäki Oyj buying Brazil’s Prisma Pack
Flexible packaging company Huhtamäki Oyj has an agreement to buy Brazilian hygienic films manufacturer Prisma Pack Indústria de Filmes Técnicos e Embalagens Ltda. Espoo-based Huhtamäki said Aug. 12 that it will pay 20 million euros for Prisma Pack. “With Prisma Pack we gain a strong position in hygienic films in the fast growing Brazilian market and improve our ability to serve our global customers in South America,” said CEO Jukka Moisio, in a news release. Camaçari, Brazil-read more
Market News | 15.08.2011 read moreKraft Foods to split into two separate businesses
Cadbury owner Kraft Foods has announced a shock move to split itself into two separate businesses. Under the plans, which the US food giant hopes to complete before the end of 2012, the business will split into two publicly-traded businesses: one for its US grocery business and another for its global snacks portfolio. Today’s surprise announcement comes 18 months after Kraft bought the British-owned confectionery group Cadbury. “We have built two strong, but distinct, portfolread more
Market News | 10.08.2011 read moreHeidelberg acquires manufacturer of digital presses for packaging
Heidelberger Druckmaschinen AG (Heidelberg) has acquired CSAT GmbH based in Eggenstein near Karlsruhe, Germany. Both parties have agreed to keep the price of the acquisition confidential. CSAT specializes in the development, manufacture and worldwide sales and service of digital printing systems, including consumables, for the packaging industry. It employs 70 staff. CSAT is one of the market leaders for industrial digital printing systems that can be integrated into productiread more
Market News | 08.08.2011 read moreKraft Foods intends to create two publicly traded companies
Kraft Foods has announced that its board of directors intends to create two independent public companies: a high-growth global snacks business with estimated revenue of approximately $32bn, and a high margin North American grocery business with estimated revenue of approximately $16bn. The company expects to create these companies through a tax-free spin-off of the North American grocery business to Kraft Foods shareholders. Chairman and CEO, Irene Rosenfeld, said: “As ourread more
Market News | 05.08.2011 read moreBAT pulls out of Bulgartabac bidding
British American Tobacco has withdrawn from the privatisation bidding for the former Bulgarian tobacco monopoly Bulgartabac for what it said were commercial and strategic reasons. “We have always said that we will take a look at any acquisition opportunities, but having seen the information memorandum, and evaluated Bulgartabac in detail, we have concluded is not a good fit for British American Tobacco, " the company said in a statement. Withdrawal of BAT leaves BT Inveread more
Market News | 05.08.2011 read moreSecurity first
Anti-counterfeiting security is imperative when printing banknotes and official documents. However, security applications can also protect against product piracy or emphasise the exclusive nature of a brand. The fields of use are varied and the manufacturing process complex: the combination of the finest design elements, special inks, lacquers and encryption mechanisms already requires very specific expertise in artwork and reproduction. Manufacturing of the printing cyread more
Group News | 03.08.2011 read moreBemis Company Acquires Mayor Packaging of Hong Kong
NEENAH, WISCONSIN, August 1, 2011 - Bemis Company, Inc. (NYSE-BMS) today announced that it has acquired Mayor Packaging, a privately-owned manufacturer of consumer and specialty flexible packaging including a manufacturing facility in Dongguan, China. Financial terms of the transaction were not disclosed. This transaction does not impact earnings per share guidance for 2011. "This acquisition supports our strategy to enhance our presence in the Asia-Pacific region,&qread more
Market News | 02.08.2011 read more
