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Newsline

Daily news service for the flexible and rigid plastics packaging industries

COCA-COLA DISMISSES SPOOF BIO-BAG VIDEO

EXCLUSIVE !!
News reports circulating on the Internet that Coca-Cola is launching its iconic carbonated soft drink in biodegradable plastics bags in many countries, have been dismissed as untrue by the global beverage giant.

NEW CHIEF EXECUTIVE FOR TREOFAN

Peter Vanacker will join Treofan Group as chief executive on 1 September, 2012, replacing Giovanni Canetta, who has been interim chief executive since April 2011.

FORCE MAJEURE LIFTED BY STYROLUTION FOR CERTAIN GRADES

Styrenic manufacturer Styrolution has lifted force majeure for certain specialty grades in the Europe, Middle East and Africa region.

HUSKY FURTHERS INVESTMENT IN CHINA

Machinery manufacturer Husky Injection Molding Systems is to build a manufacturing facility in Suzhou as a result of its rapidly growing customer base in China.

CUTTING INVESTMENT BY UK CONVERTER

UK-based Staeger Clear Packaging has invested £250,000 (US$391,000) in die cutting equipment as it targets new growth markets.

PORTOLA TO SHUT COSMETICS CLOSURE AND CONTAINER BUSINESS UNIT

Portola Packaging is shutting down its cosmetics closure and container manufacturing unit, Portola Tech International, in order to focus on its growing beverage closure and bottle business.

INDIA’S UFLEX GROUP OPENS BOPET PLANT IN POLAND

Indian polyester film producer UFLEX Group has opened a 36,000-tonne-per-year biaxially oriented polyethylene terephthalate (BOPET) plant in Poland.

REXAM SELLS ITS PERSONAL CARE BUSINESS

Packaging converter Rexam is to sell its Personal Care business for US$709 million (£452m).
The business is to be sold in two parts: the Cosmetics, Toiletries and Household care products business (CTH) to an affiliate of private equity firm Sun Capital Partners for $459m in cash; and the High Barrier Food packaging business (HBF) to a subsidiary of Silgan Holdings for $250m in cash.

HEXPOL THERMOPLASTIC DIVISION FOCUSED ON CAPS AND CLOSURES

The thermoplastic division of Hexpol, Elasto Mueller Kunststoffe, has agreed to takeover the business activities of European Plastic Sealants (EPS) in Germany.

TECNARO AND BRASKEM PARTNER FOR BIOCOMPOUND

Biocompound specialist Tecnaro has signed a contract with biopolymer producer Braskem for a new line of Green

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