Mondi secures 11 wins in Crescents and Stars for Packaging competition

Aptar Food + Beverage’s Freyung site in Germany is excited to announce the achievement of the ISCC* PLUS Certification, a chain of custody certifications based on the mass balance model, that enables the use of resin from recycled mixed plastics feedstock or bio-based renewable feedstock. Consumer Product Goods (CPG’s) companies around the globe are increasingly searching for recycled polypropylene (rPP) materials for food products, but currently, rPP is not approved for food-grade products in Europe by the European Food Safety Authority (EFSA) and Food Standards Agency (FSA) in the UK. However, for companies in Europe who want access to recycled content polyolefins for food packaging, there is a solution that involves the ISCC PLUS ‘mass balance approach’. Aptar’s approach verifies, along the entire supply chain, the flow of materials.

Tony Smurfit, President and CEO, commented: “I am pleased to report an excellent performance for the third quarter, the first for Smurfit Westrock. The Net Loss for the quarter of $150 million was primarily due to transaction related expenses and purchase accounting adjustments totalling approximately $500 million. With Adjusted EBITDA1 of $1,265 million and an Adjusted EBITDA Margin1 of 16.5%, these results are a strong foundation to build upon. “Our established track record of delivering value to our customers through service, quality and innovation is already beginning to yield results. Equally, we believe our focus on plant level autonomy, operational improvement and profitability will deliver in time, benefits at least equal to the stated synergy target of $400 million. “Our third quarter performance, combined with our deeper knowledge of the Combination and continuing asset optimization, clearly points to the opportunities ahead for Smurfit Westrock. We are at the start of our journey to build the ‘go-to’ sustainable packaging partner of choice, a global leader with an unrivalled scale, geographic reach and product portfolio. Having spent the last number of months visiting our plants, it is also clear that our people are excited and motivated to be a part of this journey.

Arkema has agreed to acquire Dow’s flexible packaging laminating adhesives business, one of the leading producers of adhesives for the flexible packaging market, generating annual sales of around US$250 million. The proposed acquisition will significantly expand Arkema’s portfolio of solutions for flexible packaging, enabling the Group to become a key player in this attractive market. Dow’s flexible packaging laminating adhesives business offers a broad range of high-quality solutions in food and medical applications, where flexible packaging is the optimal solution in terms of efficiency, as well as for industrial lamination (window films, photovoltaic backsheets, etc.).