WestRock Acquisition of Grupo Gondi Complete

Cosmo Films will re-commence the installation of a speciality polyester films line (BOPET) by the second quarter of 2022-23. The new line will be commissioned at the Waluj plant site in Aurangabad, Maharashtra, India with a capacity of 30,000 MT per annum. This plant already houses BOPP lines, extrusion coating lines, chemical coating lines, metallizers and a CPP line. The new production line will complement the existing BOPP capacity of 200,000 MT per annum and allow Cosmo Films to offer a more comprehensive speciality product basket for flexible packaging, labeling, lamination and industrial applications. The project cost is estimated to be 300 crore INR (41 million USD), which will be financed through a mix of internal accruals and loans.

Pregis® invests in additional capacity with state-of-the-art, blown film lines across its facilities. This expansion enables Pregis to grow its sustainable, barrier and non-barrier film offerings to meet the growing demands from rigid to flexible packaging in food and consumer packaged goods (CPG). As the market continues to shift, it accelerates the need for flexible solutions that not only provide performance but support the circular economy. The Pregis Renew™ brand of sustainable sealant and print films provides optimal physical properties while also incorporating aspects such as recyclability and recycled content. Flexible solutions, compared to rigid alternatives, inherently create the potential to utilize fewer materials, which can contribute to lower material costs and require less space—both on and off the shelf. “We are constantly seeking ways to develop innovative, high-quality films that align with critical business and environmental goals,” said Bob Gargione, President at Pregis Performance Flexibles. “This investment will allow us to build on our vision of helping customers choose the responsible solution for both their company and the environment.”

WS Packaging Group, Inc. announced it has named Mark Roy as its new chief commercial officer. Roy is one of the world's top leaders in the paper and packaging industry, bringing expertise across value-based selling, marketing, financial management and analysis, and operations. A packaging innovation specialist, Roy's 25-year career has spanned private equity owned, publicly traded, and privately held companies, where he has increased sales, streamlined commercial development, and implemented CRM technologies to benefit the bottom line. Click Read More below for additional information.