Rexam PLC, the global consumer packaging company, announces that it has agreed to sell its beverage and speciality closures business (“Closures”) to Berry Plastics for $360m in cash, subject to certain asset adjustments. Completion is expected in Q3 2011 and is conditional on regulatory approvals.
The extension of the KraussMaffei production plant for automation solutions is progressing quicker than planned.
PolyOne Corporation has reported revenues of $768.8 million for the second quarter of 2011, an 11% increase compared to revenues of $692.9 million in the second quarter of 2010.
Indorama Ventures to invest in new Thai recycling plant and high technology business in Thailand and Indonesia.
The glass packaging industry in Europe posted a 3.5 per cent year-on year production increase to 20.7 m tonnes in 2010 as output partially recovered from its 2009 slump.
The “sustainable and green packaging market,” as it is referred to by independent business information provider Visiongain, will be worth $107.7 billion in 2011.
La Seda de Barcelona (LSB) and the company Control PET, SGPS, S.A, an investee of Imatosgil and Banco Espirito Santo, have formalised a sale-purchase agreement for the Portalegre based PET production plant Artenius Portugal.
Never in the history of Russian manufacturing have so many milestones been achieved in one project.
Packaging machine manufacturer Oystar Group has concluded a cooperation agreement with Sacmi Group.
PetroChina and Ineos complete transaction to form trading and refining joint ventures related to the refining operations in Grangemouth and Lavéra.
Tessenderlo sells PVC, chlor-alkalis businesses to Ineos ChlorVinyls
Today, within the framework of Saint Petersburg International Economic Forum, Russia’s main platform for international economic cooperation, RusVinyl LLC signed a multifacility loan agreement for an amount of €750 million for a period of up to 12,5 years to finance the construction of Russia’s biggest integrated polyvinyl chloride (PVC) plant with capacities of 330 kt/y in Kstovo, Nizhny Novgorod region.
