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Daily news service for the flexible and rigid plastics packaging industries

Thai conglomerate targets PTA/PET acquisition

Thai conglomerate PTT is planning to acquire majority ownership of Siam Mitsui PTA and Thai PET Resin for €108 million from Mitsui Chemicals (MCI)...

Recycler signs MoU with Neste

UK-based plastics recycling firm ReNew ELP has signed a Memorandum of Understanding (MoU) with Finnish refinery giant Neste that will see both companies work...

Sale of standalone assets drives flexibles sector

As the first half of 2018 continues to see high levels of M&A in the packaging industry, the sale of standalone assets is becoming...

France plans to hike cost of products in non-recycled plastics

France’s secretary of state for ecological transition has called for the transformation of the economy as part of a pledge to use only recycled...

US tariffs expected to have “negligible impact on plastics industry”

The US has slapped 25 per cent tariffs on $16 billion-worth of Chinese goods, including chemicals, but they are expected to have negligible impact...

IVL ramps up rPET capacity with Sorepla purchase

Thailand’s Indorama Ventures (IVL) is targeting increasing demand for food grade recycled PET (rPET) with its acquisition of a plastics recycling facility in France...

MOL Group strikes significant agreement with German recycler

Polymer producer MOL Group aims to become a regional leader in recycling after it signed a strategic cooperation agreement with German recycler APK AG,...

Coveris Rigid rebranded to Paccor after sale

Packaging multinational Coveris Group has continued the realignment of its business portfolio with the sale of its rigid packaging business to Lindsay Goldberg. Coveris Rigid,...

Amcor buys US rival Bemis for $6.8bn

Packaging giant Amcor has agreed to buy US rival Bemis for $6.8 billion in a deal that will strengthen the Australian group’s foothold in...

M&C SpA divests its BOPP films business

Private equity firm M&C SpA has sold Treofan Holdings GmbH to Jindal Films, an Indian film and label manufacturer, and in doing so has...

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