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New York equity firm buys Multi Packaging Solutions

Madison Dearborn Partners of New York, USA, has agreed to buy Multi Packaging Solutions (MPS), a supplier of print-based specialty packaging, from Irving Place Capital.

Borealis upgrades Porvoo plant technology

Austrian polyolefin producer, Borealis, has invested €65 million ($85.3m) at its production site in Porvoo, Finland, to upgrade its Borstar PE2 plant technology to the third generation (3G).

Race is on for snack power house

Global snacks business, Mondelez International, is to step up its investments over the next few years, as the company seeks to win what chief executive Irene Rosenfeld calls "the race" for expansion in fast-growing emerging markets.

SATO secures share of RFID business

SATO, a provider of barcode printing, labelling and EPC/RFID solutions, has completed a strategic investment in Nexgen Packaging, a supplier of apparel brand identification and packaging products.

Chemical giant to cull jobs in Europe

More than 1,000 jobs are to go at Sabic Europe after the chemical giant announced a restructuring programme designed to strengthen its European businesses for the competitive challenges ahead.

Toray enhances Asian plastics film production

Plastics film manufacturer Toray Industries has announced a number of investments in Asia to enhance its vapour deposition facilities for producing food packaging films.

Portola’s $12m investment includes plant closure

US-based Portola Packaging has announced a $12 million investment in its Kingsport, Tennessee, and Tolleson, Arizona facilities, to accommodate growing demand for its hot-fill and aseptic beverage closures and increased dairy business market share.

Resurgence for North American chemical industry

Abudant shale energy resources have sparked a massive u-turn in the chemical industry in North America, which is now registering a significant upturn in capacity additions. Until recently, ethylene producers in the region had been facing the prospect of production shutdowns.

Borealis announces European investments

Borealis has announced major investment projects worth a combined €45 million (US$61m) at two European manufacturing plants, which will strengthen the company's regional supply and support capabilities.

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