Novolex Acquires American Twisting

Smurfit Kappa has collaborated with a leading UK recipe box company, Mindful Chef, to reduce the company’s carbon footprint by making their packaging more sustainable. Mindful Chef experienced a huge increase in demand for its home-delivered recipe kits during the pandemic. The company, which has been climate neutral since 2020, is committed to making every aspect of its business as sustainable as possible. Its previous recipe box consisted of insulation pouches combined with gel ice packs which, whilst effective at keeping the contents cool, were not easily recycled.

On April 24th, the European Parliament adopted the provisional agreement on the new packaging and packaging waste regulation #PPWR. The regulation is important for the transition to a circular plastics economy. Trioworld already today offers packaging alternatives that meets the legislations, such as film that is thinner and thus contains less material, products that are designed for recycling and contains recycled or bio-based content. All without compromising on performance and quality. An important change, compared to the legislation we have today on packaging and packaging waste, is that the legislation goes from a directive to a regulation. Thereby the new legislation will ensure that all 27 Member States within EU fulfil their obligations at the same time and in the same way. With the same requirements for all market players a necessary harmonization will take place. That will lead to more investments in innovative and more sustainable packaging solutions.

Amcor announced it completed the sale of its three factories in Russia to HS Investments, a Russian-based investor, after receiving all necessary regulatory approvals and cash proceeds, including receipt of closing cash balances. The cash and debt free consideration value is €370 million. This follows Amcor’s previously announced decision to pursue the orderly sale of its Russian business while continuing to support its people and customers as well as preserving value for shareholders. The Russian business produces flexible and cartons packaging from one site in St. Petersburg and two sites in Novgorod and employs approximately 900 people. Amcor’s three sites in Russia generated approximately 2% of total Amcor sales in fiscal 2022.