Monday 30 March 2015
 
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packaging

Mitsui acquires stake in Turkish packaging firm

Mitsui & Co has taken a 15 per cent stake in unlisted Turkish packaging firm Sarten, as the Japanese trading house looks to take advantage of Turkey's economic growth and proximity to Europe and the Middle East. Saddled wi

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Bosch Packaging to acquire Osgood Industries

Bosch Packaging Technology, a leading supplier of process and packaging technology, is set to acquire Florida-based Osgood Industries. The firm intends to further strengthen its engagement in the liquid food industry in North Amer

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ME beauty industry’s demand for packing materials grows

The demand for quality packing materials and machinery from manufacturers and suppliers of beauty and personals care products in the region is growing, as the Middle East market for beauty products continues to grow at an appreciable rate, accor

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Oman freezone plans to boost packaging sector

Oman’s Sohar Port and Freezone plans to attract downstream plastics manufacturers to the logistics hub ahead of the construction of the Sultanate’s first dedicated agricultural terminal, a report said. "With the p

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Saudi accounts for 70pc of total GCC packaging market

Saudi Arabia maintains 70 per cent share of the GCC’s total packaging industry as per recent industry studies, with local business posting a 15 per cent annual growth. Due to a widespread use of plastic as a raw packaging ma

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Takween to buy Savola packaging unit

Saudi Arabia's Takween Advanced Industries said on Wednesday it had agreed to buy a packaging unit of the region's largest food firm Savola Group for SR910 million ($242.5 million). The firms reached agreement the price fo

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Saudi's Takween in talks to buy Savola packaging unit

Saudi Arabia's largest food firm Savola Group has entered into final negotiations with Takween Advanced Industries on the sale of Savola's packaging unit, Takween said on Sunday. The two firms extended talks in November an

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Saudi plans $91bn spend to spur petchem sector

Saudi Arabia has earmarked $91 billion to be spent over the next 10 years to build new petrochemicals plants and expand existing ones as well as integrate refineries with petrochemical units, according to industry experts. In orde

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EcoCortec unveils export packaging innovation

EcoCortec, a leading manufacturer of high-tech Vapor phase Corrosion Inhibiting (VpCI) films and bags in Europe, has unveiled the latest innovation in its wide range of flexible packaging products. The plant is now offering specia

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Savola, Takween extend talks over plastics unit sale

Savola Group, Saudi Arabia's largest food products firm, has agreed a seven-week extension to talks with Takween Advanced Industries over the sale of its plastics business, both companies said. Savola said in July it had enter

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