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Vinamilk is reportedly the very first and only Vietnamese company recognized as 'ASEAN Asset Class', while leading Vietnam's top three listed companies according to the 2019 ASEAN Corporate Governance Scorecard (ACGS) results, a part of the ASEAN Capital Market Forum (ACMF)'s ASEAN Corporate Governance Initiative. The ACGS 2019 compiled results from nearly 600 enterprises in ASEAN, 82 of which...
The packaging industry in Japan is expected to reach 164.7 billion units in 2024, growing at a compound annual growth rate (CAGR) of 0.5% for the forecast period 2019-2024, says GlobalData. Its report reveals that the sector is majorly driven by growth in the rigid plastics packaging, which is forecast to register the fastest value CAGR of 2.2% during 2019-2024....
The Single-Use Beverage Packaging Working Group revealed its position statement on building a Producer Responsibility Scheme (PRS) for beverage containers in Hong Kong. The government has announced it will roll out a public consultation on a PRS soon to address the issue of single-use beverage containers going to landfills and littering the environment. Following the launch of the Strategy and...
Prinova has launched a range of premixes for dairy replacement products to support a plant-based “revolution”. In a white paper, the company highlights the growing prevalence of vegan and other non-dairy diets and its impact on plant-based markets. The dairy alternative market is projected to grow from US$21.4 billion globally in 2020 to US$36.7 billion by 2025 ― a CAGR of...
Accraply introduces Sirius 100, a pressure-sensitive labeling machine for fast-moving, highly flexible production lines. Designed to minimize downtime with tooless changeovers, the machine brings the linear labeling of Accraply’s high-speed systems into a single- and twin-head labeling solution. Combined with the Accraply 2xx Series label applicator, the Sirius 100 provides precise label placement accuracy for front, back and wrap applications in...
Europe: Chemometric Brain partners with digital marketplace platform, sees opportunities in Covid-19 pandemic
Chemometric Brain, a digitized quality control and Testing-as-a-Service software based on a Near Infrared technology (NIR) that guarantees the traceability, suitability and homogeneity of ingredients and final food products will partner with 1-2-Taste, a digital ingredients and services marketplace. Through the partnership, Chemometric Brain will be introducing its services to ingredients and food producers, allowing 1-2-Taste’s customers to assure that...
The Ferrero Group has signed an agreement to buy Eat Natural, the maker of cereal bars, toasted muesli and granola. The group plans to maintain and further build Eat Natural’s brand authenticity, while supporting the company with distribution and expansion to new markets and category segments opportunities. As part of the transaction, The Ferrero Group will take over the production...
BASF has reached an agreement to sell its manufacturing site in Kankakee, Illinois and the associated businesses of vegetable-oil-based raw material sterols and natural vitamin E, anionic surfactants and esters produced there to an affiliate of One Rock Capital Partners, LLC, a US-based private equity firm. The businesses have about 160 employees including business management and commercial personnel across...
Bericap’s BericapValve has won Packaging Europe’s Sustainability Award 2020 in the Recyclable Packaging category, beating five finalists. The award recognizes and awards the major sustainability impact behind the small visible change to a 100 % silicone-free valve. Unlike conventional silicone valves, the unit is made of TPE and does not contaminate the recycling stream with silicone. Its recyclability is...
Nestlé Brazil's Nescau beverage range is now fitted with SIG’s combiblocMini carton packs and renewable and recyclable paper straws. This helps to meet the sustainability goals of Nestlé, which has the vision that none of its packaging ends up improperly discarded in the environment, especially in seas, oceans or watercourses. The company said changing to paper straw will prevent the...