News: Economy

21. August 2019 | Economy

Packaging market: less M&As in Europe

The number of global M&A transactions in the packaging industry fell to 126, or by 21 %, in the first half of 2019. This was reported by New Business Consulting, a consultancy that focuses more

14. August 2019 | Economy

DS Smith: ready for even more e-commerce

E-commerce solution Display and packaging company DS Smith has invested about 5 million euros in its German location Mannheim. By purchasing a state-of-the-art Flexo Folder Gluer system the company aims to more

14. August 2019 | Economy

SensoLogic becomes part of the Uhlmann Group

Digital solutions are gaining significance in pharmaceutical packaging. In view of this fact, Uhlmann Pac-Systeme signed a purchase agreement to acquire SensoLogic, a technology-oriented company based in Norderstedt near Hamburg, Germany. The more

14. August 2019 | Recycling

Disposal situation in Germany is called “very critical”

Eric Rehbock, the general manager of the German Federal Association for Secondary Raw Materials and Waste Management (Bundesverband Sekundärrohstoffe und Entsorgung; bvse), called the current disposal situation more

07. August 2019 | Economy

Investment in russian market

The packaging equipment platform has brought together eight Russian packaging industry veterans, each with almost two decades of experience BW Packaging Systems—the packaging machinery arm of Barry-Wehmiller, a $3 billion global supplier of engineering consulting and manufacturing technology—recently augmented its investment in the Russian packaging market by establishing Moscow-based sales, parts and more

07. August 2019 | Economy

Investment planning trends in the German food industry

Shopping in the supermarket The economic forecast report for the German food industry provides a view of the market situation. It states that the 2019 investment trends for the processing industry are mostly more

07. August 2019 | Economy

New production plant in China

Planned production plant in Suzhou As the Asia-Pacific region continues to be one of the major growth engines for aseptic carton packaging, Swiss group SIG has announced the construction of a second production plant with more

07. August 2019 | Economy

Heidelberg with a good order situation at midyear

Heidelberg headquarters Heidelberger Druckmaschinen, by its own account, has embarked on the second quarter of this financial year with a better order situation, compensating in part for the weak first quarter. The more

31. July 2019 | People

Multivac reorganizes management

Christian Traumann - CFO, Guido Spix - CTO, Hans-Joachim Boekstegers ? CEO After more than 18 years as CEO of the Multivac Group, Hans-Joachim Boekstegers will hand over the business on 1 January 2020 to his director colleagues, Christian Traumann and Guido Spix, and bow out more

31. July 2019 | People

Packaging printing merger

Wassermann & Kriechbaum After the integration phase of the merger between manroland web systems and Goss International, Alexander Wassermann is handing over the reins to the new CEO, Franz Kriechbaum. The newly formed group states that it is more

31. July 2019 | Economy

KraussMaffei repositions its brand

Frank Stieler, CEO Munich-based mechanical engineering group KraussMaffei is repositioning itself. The company, which is – by its own account – the world's only provider of ready-to-use system solutions for more

30. July 2019 | Economy

Heidelberg continues digital transformation

Heidelberg acquires Docufy Following the successful end to financial year 2018/2019, Heidelberger Druckmaschinen aims to vigorously pursue its digital transformation. CEO Rainer Hundsdörfer announced this strategy during the Annual General Meeting last week at the more

26. July 2019 | Economy

Joined forces for paper and paperboard

Switzerland-based producer of multiply paper and paperboard Kapag Karton + Papier and Swedish supplier of multiply paperboard for sign and display Oppboga Bruk joined forces. The more

25. July 2019 | Economy

Milacron to be acquired

Klear Can Hillenbrand will acquire Milacron in a cash and stock transaction valued at approximately 2 billion US-dollars. Upon closing, Hillenbrand shareholders will own approximately 84% of more

24. July 2019 | Economy

A new global player in the polymer trade

Meraxis board At the beginning of July, the global plastics market gained a new distributor, the Meraxis Group. It is the result of a merger between two globally active Swiss companies, MB Barter & Trading and Rehau. They aim to more

24. July 2019 | Economy

Trivium: Ardagh and Exal combine their metal packaging businesses

Luxembourg-based Ardagh Group reportedly is to combine its Food & Specialty Metal Packaging business with the business of US-based aluminum container producer Exal Corporation to form Trivium more

24. July 2019 | Economy

Sales still expected to be at the previous year's level

Heidelberg headquarters The business performance of Heidelberger Druckmaschinen in the financial year's first quarter from April to June 2019 reportedly was impacted in particular by the increasing reluctance to invest and the corresponding shift in sales due to more

17. July 2019 | Economy

Krones adjusts its earnings outlook for 2019

Umsatz steigt um 4,4 % auf 3,85 Mrd. Euro. Das Wachstumsziel von 4 % wurde somit erreicht. According to Krones, the uncertain macroeconomic developments, like the unsolved trade conflict between China and USA, as well as the discussion about the sustainability of PET-Packaging, more

12. July 2019 | Packaging technology

Bosch: Packaging Technology sold

Übernahme-Vereinbarung zwischen CVC Capital Partners und Bosch ? vorbehaltlich kartellrechtlicher und anderer Genehmigungen Bosch plans to sell its packaging machinery business in Waiblingen, Germany, to a newly established company managed by CVC Capital Partners. According to the latest information, the company will more

10. July 2019 | Recycling

FEFPEB welcomes changes in EU's recycling targets

The European Federation of Wooden Pallet and Packaging Manufacturers (FEFPEB) has welcomed changes to the European Union’s Packaging & Packaging Waste Directive that affect how more

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