VIETNAM – Vietnamese dairy giant Vinamilk has decided to remove its 49% foreign ownership cap, a move expected to generate interest from overseas investors in a company valued at US$7.85 billion.
GLOBAL – Global alcoholic drinks volumes registered a decline of 0.7% in 2015, entering negative territory for the first time in more than a decade, according to new research released by Euromonitor International.
GLOBAL - Even with the price of oil hovering around $30 a barrel, PLA can remain very cost competitive, according to NatureWorks’ CEO Marc Verbruggen, speaking exclusively to PackWebasia.com Editor, Trina Tan.
GLOBAL - Bemis Company Inc has acquired the medical device packaging operations and related value-added services of SteriPack Group, a global manufacturer of sterile packaging solutions for medical device and pharmaceutical applications.
JAPAN - The Japanese government intends to loosen its rules on anti-dumping duties to better protect industries such as steel and chemicals, which are susceptible to floods of cheap imports from China and elsewhere.
ASIA - While global FMCG brands are among the leaders in implementing responsible sourcing policies, their Asian counterparts have only started to identify and manage these issues and fall badly behind global leaders, according to a hard hitting report published…
CHINA – UK inline digital printing technology company DataLase, will partner with the Intralink Group to further business development in China and the Asia Pacific region.
AUSTRALIA/NEW ZEALAND - H.B. Fuller Company has finalized its purchase of Advanced Adhesives, a provider of industrial adhesives in Australia and New Zealand.
MALAYSIA - The longer-term prospects for the plastics and packaging industry remain positive fuelled by continued capacity expansion and potential benefits from the Trans Pacific Partnership Agreement.
CHINA - Chinese consumers will now be able to purchase a range of Mondelēz International products, including Oreo, Chips Ahoy!, belVita, Toblerone, Cadbury and Trident, through its flagship store on Alibaba’s Tmall.com platform, following the signing of a strategic e-commerce…
INDIA - In a demonstration of defiance against the Indian government imposition of an 85% health warning to cover cigarette packaging, FMCG major ITC shut down production at all of its Indian factories, claiming that it is not wasting substantial…
AUSTRALIA/NEW ZEALAND - Graphic Packaging Holding Company has completed its acquisition of Colorpak through its wholly owned subsidiary, Graphic Packaging International Australia Pty Limited.