Eagle Flexible Packaging announces $5 million expansion plans in City of Waupun

Intertape Polymer Group Inc. announced a new five-year $600 million credit facility pursuant to a credit agreement with a syndicated lending group led by Bank of America, N.A., as Administrative Agent, Sole Lead Arranger, and Sole Bookrunner, refinancing and replacing the Company's previous $450 million credit facility that was due to mature in November 2019. All dollar amounts are denominated in US dollars unless otherwise indicated. “We have made significant operational progress and improved our financial position since the execution of our previous credit facility in 2014. The new Credit Facility will provide us with increased capacity, better terms and more flexibility to execute the next phase of our growth strategy,” said Greg Yull, President and CEO of Intertape Polymer Group. Click Read More below for additional information.

Mexico is the second largest economy in Latin America, after Brazil, and has an ideal location for accessing the US market. It is becoming increasingly attractive for global companies that are nearshoring by moving production away from Asia to the north part of the country, between the cities of Monterrey and Tijuana. The Mexican economy is estimated to grow up to 3.0% both this year and next, boosted by increased manufacturing investment, according to the most up-to-date government forecast*. Smurfit Kappa’s latest USD12 million investment in its Tijuana plant includes new machinery and process upgrades which will significantly increase both printing quality and efficiency. Laurent Sellier, Smurfit Kappa CEO of the Americas, commented: “Mexico is an important market for Smurfit Kappa. We have invested substantial resources both in paper machines and corrugated plants while increasing our network to support the country’s economy and our customers’ needs.

What do Italy, Australia and India have in common? In each country, new regulations aimed at reducing packaging waste and promoting alternatives to plastic will come into force in 2022. While packaging is often necessary to protect products, everyone in the industry is looking for ways to reduce waste and overpackaging. This goal is complemented with efforts to make packaging more sustainable with renewable and recyclable materials. The quest for sustainability unites big brands with responsible consumers and – regulators around the world. In recent years, governments have responded to public concerns by devising rules that seek to tackle packaging waste – single-use plastics in particular – and improve recycling and waste management systems. Many of these new norms will become effective in the next years, creating a worldwide regulative trend that can help promote more sustainable packaging. Here’s a quick look into what various countries are currently doing to reduce packaging waste and how this affects companies and consumers.