The chief executive of banknote printer De La Rue, James Hussey, has quit. The news comes amidst production problems, which will affect sales in 2010 and 2011. De La Rue recently halted production at a paper factory for failing to meet quality standards.
Sectors - Paper, Print & Packaging
Mining company Rio Tinto Ltd has finished the divestment of its Alcan Packaging business, after completing the sales of its Medical Flexibles and Beauty Packaging divisions. The Medical Flexibles division was sold to Amcor for $66 million, while Alcan Packaging was sold to Sun European Partners LLP for an undisclosed sum.
The FTSE 250 firm Domino Printing has enjoyed a huge jump in pre-tax profits. In the six months ending 30 April, the British firm reported revenue of £144.8 million, up 17 percent on the same period of 2008/09. Domino’s pre-tax profit more than doubled, rising 110 percent to £23.9 million. That was thanks to cost-cutting.
Sonoco, a leader in global packaging services, announced a $2.8 million investment to improve its Holyoke paper mill. The investment includes the installation of two high-efficiency natural gas boilers to furnish steam to the 136 year old facility. The Holyoke mill is Sonoco’s 100 percent uncoated recycled paper facility.
Billerud workers are about to strike at a second of the firm’s Swedish mills – Gruvön – after the Swedish Paper Workers Union rejected a peace deal at the weekend. It will mean a total work stoppage at the paper mill from 18.00 CET today.
As part of its Plan A environmental targets, which includes a goal to send no packaging waste to landfill by 2012, M&S has reduced its packaging of top-selling Easter product Molly Moo by 80 percent on last year. More than 83 percent of packaging across the M&S Easter range is recyclable and 63 percent is from sustainable sources.
SCA Foam Products has launched a four-year investment programme at its plant in Spennymoor, County Durham. SCA approved a significant investment of 350,000 pounds, which will be spent this year to provide upgraded plant facilities, security and operational improvements to the manufacturing plant.
Tissue manufacturer Kruger Tissue has changed hands. The company, which employs around 180 people and makes paper towels, toilet paper and other hygiene products for workplace bathrooms, has been bought by Middlesex-based Northwood Paper Sales Ltd.
Xerox, which manufactures products like the Xerox Phaser 8560, has unveiled a takeover deal which takes it into the fields of data management and technology outsourcing. It is buying fellow U.S. firm Affiliated Computer Services in a cash and shares deal worth $6.4 billion. "Game-changer"
The second annual 'power list' was published in RISI's July Pulp and Paper International magazine.
The march and rally at Kay Park was organised by East Ayrshire Council, part of the alliance seeking to reverse the closure decision.
The seller of Marlboro cigarettes overseas, announced today that it has entered into an agreement to purchase privately owned Colombian cigarette manufacturer Protabaco for $452 mi
By Denny Thomas
Luxury packaging manufacturer Pollard Boxes is looking to continue its expansion by acquiring Crusader Foil Blockers.
UK print and mailing company Charisma Colour Print closed its doors earlier this week and is expected to be put into liquidation within a fortnight.
Diageo, the world's biggest drinks group, announced the cuts as part of a 120 million pounds restructuring that will see the closure of its Port Dundas distillery in Glasgow, which has be
As featured on Manufacturing Digital, PepsiCo announced on April 20 that it planned to buy the stakes in its two biggest bottlers it does not already own for $6 billion.
By Franklin PaulThe company said revenue fell 18 percent in the first quarter as slumping customer demand took its toll on sales of printing equipment and supplies.
Manufacturing Digital understands PepsiCo is offering $29.50 per share in Pepsi Bottling Group (PBG) and $23.27 per share in Pepsi Americas.
The upgrade comes following an announcement that Jackson Paper will bring a second paper plant to Jackson County, creating 61 new jobs.
The Pepsi Bottling Group Inc, the world's largest manufacturer, seller and distributor of Pepsi-Cola beverages, has signed a Letter of Intent to acquire Better Beverages Ltd, a Pe
Hurt by falling sales of equipment and printer-based supplies, the company said on Friday that revenue in January and February was 18 percent below year-ago levels.
Excluding certain items, the company earned 17 Canadian cents a share, while analysts were expecting a profit of 15 cents a share.
The results, which were published today, February 11, saw EBITDA down 12 percent to 941 million euros.
Amcor said in a statement to the Australian Stock Exchange the discussions were incomplete. It did not give any further details of the talks.
The integrated manufacturer of paperboard and paper-based packaging has total assets of about $7.45 billion and total debt of about $5.58 billion as of September 30, 2008, the company said in its fili
The company said yesterday, December 11, that Timothy J. Donahue, 46, will replace Rutherford.
The group also reported a seven percent year on year increase in operating profit in the first half of 2008.