Business news

 

Trading update from Ball

Ball has released a trading update for Q1 2015. Highlights from the update include: • First quarter comparable earnings per diluted share of 69 cents vs. 81 cents in 2014, including 7 cents per diluted share for unfavorable currency effects in the quarter • Multiple growth capital projects underway to benefit 2016 and beyond • […]

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Rexam issues trading update

Rexam has issued a trading update for the period from 1 January 2015. Results for the Group are in line with the company’s plans. • Overall global beverage can volumes were up 5% (3.5% excluding the acquisition of UAC) in the first quarter • Volumes in Europe were strong driven by good growth in energy […]

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Sonoco acquires Weidenhammer Packaging

Sonoco has completed the acquisition of Weidenhammer Packaging Group (WPG) for €286 million (approximately $360 million). WPG produces composite cans, drums, luxury tubes and rigid plastic containers. Mr Jack Sanders, Sonoco president and chief executive officer, said: “We are extremely excited to welcome Weidenhammer’s leadership team and its 1,100 associates into the Sonoco family. The […]

AkzoNobel Q3 trading results

AkzoNobel has announced its Q3 2014 trading results. Highlights include: • Operating income totaled €335 million • Revenue down two per cent, volume up one per cent, more than offset by negative currency effects and divestments • Return on sales at 9.1 per cent (compared to 8.0 per cent in 2013); excluding restructuring costs of […]

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Thai Union to buy King Oscar

Thai Union Frozen Products Public Company Limited (TUF) is to buy seafood company ‘King Oscar’. King Oscar Holding AS is owned by the private equity fund Procuritas Capital Investors IV in the Nordic Region. The company is number one in the premium sardine category in Norway, USA and Australia, posting sales of USD 80 million […]

Ball recognised by DJSI

For the second consecutive year, the Dow Jones Sustainability Index (DJSI World) and Dow Jones Sustainability Index North America (DJSI NA) have listed Ball Corporation as an industry leader in sustainability. Ball took the top spot in the Containers and Packaging category and remains the only company in its sector to be featured in both […]

AkzoNobel top for sustainability

AkzoNobel has been ranked number one on the Dow Jones Sustainability Index (DJSI) for the third consecutive year. The firm were first ahead of some 350 companies on the list. “We are obviously very proud to have retained first place and huge credit must go to all our employees,” said AkzoNobel CEO Ton Büchner. “But […]

Silver for Alupro

The Aluminium Packaging Recycling Organisation (ALUPRO) is celebrating its 25th Anniversary this year. The not-for-profit organisation was formed by the merger of two separate organisations – AFCMA and ACRA – to focus on developing and promoting the collection infrastructure for foil containers and beverage cans respectively. In the first 10 years, aluminium packaging recycling received […]

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Weidenhammer sell to Sonoco

Weidenhammer Packaging Group (WPG) has announced that they will sell all their shares to the Sonoco Products Company. Sonoco, one of the largest packaging companies worldwide will strengthen its packaging business in Europe and further expand its expertise in stable, highly decorated convenience packaging. The merger offers WPG additional growth prospects with new customers and […]

Rexam releases half year results

Rexam has announced that its half year results are in line with its strategy and expectations. Beverage can volumes have risen by 4% but underlying profit was slightly down from the same period last year due to foreign exchange translation and metal premium costs. Graham Chipchase, Rexam’s chief executive, said: “Results for the half year […]

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