Page 2 - Packaging

SME Chatroom: 'Defective packaging can imperil marine insurance claims'

Clause 4.3 of Institute Cargo Clauses (C) says that in no case will insurance cover loss, damage or expense caused by insufficiency or unsuitability of packing or preparation of subject matter insured

Flipkart achieves zero single-use plastic packaging in supply chain

Flipkart has also ensured it is fully compliant with all EPR rules and through its network of recyclers, the equivalent quantity of single-use plastic going to consumers is fully recycled

Multiple growth triggers in place for shares of packaging firms

Any sharp rise in raw material prices or softening of FMCG demand could hurt prospects

Loews Corp to sell 47% stake in packaging subsidiary to Singapore's GIC

Loews, which owns firms in the insurance, energy, hospitality and packaging industries, expects to receive about $410 million in cash as part of the deal, resulting in about pre-tax gain of $490 mn

FMCG, pharmaceutical segments to drive sales of packaging companies

Larger players such as Blackstone-owned EPL are expected to gain from the ongoing consolidation

Amazon India eliminates single-use plastic in packaging across centres

Amazon had said last September that its India unit would replace single-use plastic in its packaging by June 2020

Amazon India expands packaging-free shipping initiative to over 100 cities

Products that are shipped packaging-free include tech accessories, home and home improvement products, shoes, and luggage

Alpla acquires Gehl Foods' bottle manufacturing plant in US

The facility supplies six layer bottles to Gehl Foods for aseptic filling in food & dairy category

Cosmo Films expands direct thermal printable products range

With this, it can now offers both paper & filmic solutions for direct thermal printing technology

United Caps buys Dewit Plastics' caps, closures and handles business

Dewit Plastics' complimentary product line expands range of offerings from United Caps

Target adopts five new sustainable packaging goals for green future

As part of this strategy, it will eliminate usage of polystyrene, or foam packaging

Jindal Films to invest $ 120 mn to set up polyester plant in US

The plant, which is expected to become operational by early 2019, to have 65,000 tonnes capacity

Tekni-Plex buys BrunaSeals to strengthen closure liner business

This is the fourth closure liner business Tekni-Plex has acquired in the past three years

Innovative Tech Pack bags order from Bisleri to supply caps for beverages

This contract marks entry of ITPL into field of closure for the carbonated beverages industry

UK-based start-up Skipping Rocks Lab develops edible packaging for water

The seaweed-based packaging material is claimed to be cheaper than plastics

ProAmpac acquires flexible packaging firm Trinity Packaging

Trinity specialises in large format packaging for lawn & garden, food & specialty industrial markets

Klockner Pentaplast buys packaging films producer Linpac Group

The deal will create a rigid & flexible packaging films firm having annual revenues of above $ 2 bn

Scholle IPN eyes to tap Indian aseptic packaging market with new plant

The US-based bag-in-box packaging expert sees huge opportunity in the growing fruit juices market

Cosmo Films to invest Rs 250-cr to set up speciality polyester films plant

The BOPET films plant, to be located in Maharashtra, will have a capacity of 36,000 metric tonne

Henkel in talks to buy Darex Packaging from GCP Applied for $ 1.05 bn

Acquisition will strengthen Henkel's position in the attractive metal packaging market