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Industry Roundup |
Flexible Packaging
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Mespack and Famartec announce collaboration to develop integrated primary and secondary packaging solution for pharmaceutical sector; project includes vertical form-fill-seal machine for production of stick-pack sachets that can be grouped into cartons
Mespack SL (02/10)
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Corrugated Packaging
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UK-based corrugated solutions provider Cepac adds ChromaCut X Pro with pre-settable rotary die-cutting unit from Koenig & Bauer, which will start production in summer 2023
Koenig & Bauer AG (KBA) (02/10)
Smurfit Kappa's exit from Russian operations, including sale of three plants in St. Petersburg area and corrugated packaging site in Moscow, cost the company €128M; Kerry Group and Kingspan's exits were also costly, at €38M and €16M, respectively
Irish Times (Ireland) (02/10)
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Bottles
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Scotland's delayed bottle deposit return scheme could result in 'unlawful trade barrier' with rest of UK, lawyer says; scheme would unequally price same products between England, Scotland, and would not be enforceable for UK products exported to Scotland
The Herald (02/10)
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Cans
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Hoffmann Neopac enters agreement for long-term supply of thyssenkrupp Rasselstein's CO2-reduced bluemint rasselstein packaging steel; new material will support production of cans with a reduced carbon footprint
Contify Retail News (02/10)
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Retail Food Packaging
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Global market for caps and closures projected to expand significantly through 2028 amid rising demands across food, beverage, cosmetic, personal care, automotive, health care end markets; rising inclination toward packaged food will boost growth: report
EIN Presswire (02/10)
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Retail Beverage Packaging
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Guala Closures announces sponsorship of Wine Paris & Vinexpo Paris 2023 exhibition on Feb. 13-15; company to present range of screw cap closures for wine segment, selection of luxury products for spirits market
Guala Closures Group (02/10)
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Personal Care Packaging
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Lush introduces new Magnesium Range, a bath and body collection featuring magnesium massage bars and epsom salt cubes; vegan line is self-preserving, does not require packaging
Happi (02/10)
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Metal Packaging
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Global metal packaging manufacturer Massilly North America invests in new Koenig & Bauer MetalCoat 470 coating line to operate in tandem with its MetalStar 3 metal decoration press; coater runs at higher speeds, accommodates larger sheet sizes
WhatTheyThink (02/10)
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Graphic Design/Graphic Printing
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R.R. Donnelley & Sons expands diagnostic test kits solution to meet accelerated demand for at-home testing with solution that includes packaging, labeling solutions, sourcing and supply chain such as track and trace, fulfillment services, graphic design
R.R. Donnelley & Sons Co. (02/10)
Registration opens for inaugural WrapFest event, organized by FESPA, which will take place in Northamptonshire, UK, April 26-27; vehicle wrapping professionals, enthusiasts, livery and fleet graphics businesses, car detailers will be in attendance
WhatTheyThink (02/10)
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Labels, Displays & ID Technologies
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Identiv expands partnership with STMicroelectronics to offer new near-field communication inlays for luxury goods, wine, spirits, healthcare, pharma, medical devices, consumer packaged goods, apparel, smart packaging applications; Identiv offers NFC, RFID
Identiv, Inc. (02/10)
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Packaging & Containers
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Wildpack's Kim Murray resigns from board of directors, effective immediately; Kim will retain role as VP, Packaging Services
Accesswire (02/10)
Sealed Air reports Q4, full year 2022 results and provides 2023 outlook
Sealed Air Corp. (02/10)
Klabin to participate in sixth edition of annual GStic event of 'The global sustainable technology and innovation community,' co-organized by Fiocruz and held Feb. 13-15 in Rio de Janeiro
Brazil Business News (02/10)
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Food & Beverage
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Condiments, Dressings & Sauces
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Tabasco announces limited-edition launch of Tabasco Brand x Tinx Avocado Jalapeno Hot Sauce Dressing, developed in collaboration with TikTok influencer Tinx; product made with Tabasco Green Jalapeno Sauce, avocado, apple cider, other ingredients
FoodNavigator.com (02/10)
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Confectionery & Sweet Snacks
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Hershey's Snapshot: Consumers are unwilling to forgo chocolate, salty snacks despite inflation as they are affordable, heavily integrated into routines; consumers have also dialed up interest in seasons, emotionally anchoring events to beloved brands
Industry Intelligence Inc. (02/10)
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Baked Goods
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Fazoli's announces limited-time return of Red Velvet Cheesecake from The Cheesecake Factory; menu item features red velvet cake, classic cheesecake, cream cheese icing, and topped with chocolate curls
Chew Boom (02/10)
Potbelly announces limited-time return of its Red Velvet Cookie, featuring white chocolate, vanilla and cocoa
Nation's Restaurant News (02/10)
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Yogurt
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Tropical Smoothie Cafe announces limited-time offering of Chocolate Covered Strawberry Smoothie, featuring strawberries blended with dark and white chocolate, bananas and non-fat yogurt; menu item available only via online ordering
Nation's Restaurant News (02/10)
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Milk/Milk Alternatives
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Arla Foods UK’s revenue rises 17.5% year-over-year to £2.6B in 2022, driven by 'necessary price increases' to allow the cooperative to increase the farmgate milk price
Yorkshire Post (02/10)
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Meat & Poultry
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U.S. beef exports set annual records for both volume and value in 2022, according to USDA data compiled by US Meat Export Federation; pork exports finish lower year-over-year but export value is the third largest on record
U.S. Meat Export Federation (02/10)
Executive Perspective: Tyson Foods 'got hit in the mouth' in its fiscal Q1 because of all the protein on the market, says CEO Donnie King, adding that fresh chicken business didn't materialize as expected
Meat + Poultry (02/10)
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Packaged Foods
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Zacks: Flowers Foods' Q4 earnings in-line with estimate and sales lag estimate, though both metrics rose year-over-year; company on track to counter inflationary environment by implementing price increases, improving profitability of lower-margin products
Zack's Commentary (02/10)
Morningstar: Kellogg's Q4 results supported by company's multiyear agenda to pare back exposure to noncore brands, categories while investing in brands and capabilities; organic sales shot up impressive 16%, buoyed by higher prices and increased volumes
Morningstar (02/10)
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Non-Alcoholic Beverages
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Coca-Cola Bottlers Japan to raise its prices from 3% to 22% beginning in May, cites soaring prices of raw materials and energy worldwide
just-drinks.com (02/10)
Coca-Cola rolling out the first global campaign for its Sprite Zero Sugar brand with TV, out-of-home, social and digital ads; a TV spot features a hurried young man de-stressing at a train station by taking a drink of Sprite Zero Sugar
Mobile Marketing (02/10)
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Alcoholic Beverages
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Mexican beer exports to the US rise 11% year-over-year in value in 2022 to US$5.39B, with Anheuser-Busch, Heineken and Constellation Brands among the companies that export the most from Mexico to the US, according to data from US Dept. of Commerce
CE NAFTA 2.0 Newswire (02/10)
C&C Group customers report struggling to order stock for several weeks due to 'major system upgrades,' forcing some operators to 'waste time' scrambling between high-street shops to avoid shortages
Big Hospitality (02/10)
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Personal Care
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Cosmetics
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Shiseido reports net sales rose 5.7% in full-year 2022; skin-care brand Shiseido and makeup brand NARS drove growth for travel retail and Americas segments, while Asia Pacific regions resumed growth from increased sales in e-commerce
Shiseido Co. (02/10)
Shiseido will launch its NARS Cosmetics brand in India through strategic distribution partnership agreement with Global SS Beauty Brands, a subsidiary of fashion, beauty retailer Shoppers Stop
Shiseido Co. (02/10)
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Personal Care
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Sustainability Spotlight: L'Occitane achieved traceability for 56% of plant-based ingredients in FY2022, did social, environmental risk analysis for 80% of plant-based ingredients; it assessed 400 suppliers on their CSR with EcoVadis, up 46% from FY2021
Industry Intelligence Inc. (02/10)
Edgewell Personal Care CEO says passing price increases to retailers like Walmart will be 'difficult' after previous hikes; Clorox CFO sees shoppers at chains like Kroger, Walmart waiting longer to buy items, shifting to smaller sizes or wholesale amounts
Reuters (02/10)
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Pet Care
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Pet Food
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Seippel Warehouse to build US$22.5M 190,000-sq-ft warehouse near Simmons Pet Food's manufacturing facility in Peosta, Iowa, to lease to manufacturer; building to be complete by end of the year with 10 full-time jobs to be created Simmons by Dec. 1, 2024
Telegraph-Herald (02/10)
Dog health and nutrition company PoochWell Shop launches new collection of books on canine wellness; titles include 'Pawsitively Perfect: 54 Gourmet Home-Made Dog Food Recipes' and 'Pup-tastic Treats: Guilt-free Snacks for Your Four-legged Companion'
EIN Presswire (02/10)
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Pet Care
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Stockholm-based Voff Premium Pet Food acquires Netherlands-based Energique under undisclosed financial terms to grow footprint in central Europe; deal marks Voff's ninth addition to portfolio, which is based on beef-, gluten- and grain-free recipes
MarketLine (02/10)
Genius Litter to give portion of sales proceeds of its color-changing cat litter to animal shelters to go towards feeding shelter cats; each bag of Genius Litter purchased is said to feed ten cats
Newsfile Press Release Wire (02/10)
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Household Products
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Dishwashing Detergents/Dish Soaps
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Reckitt's dishwasher detergent brand Finish introduces 'Monday the 13th' campaign showing consumers how to have easy clean-up after the big game
PR Newswire (02/10)
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Cleaners
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Spectrum Brands' Home & Garden segment fiscal Q1 sales fell 5.2% year-over-year, with lower early seasonal inventory investment in pest control; cleaning products saw growth on increased distribution, prices after integration-related disruptions last year
Spectrum Brands Holdings Inc. (02/10)
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Household Products
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Zacks: Newell Brands' Q4 results beat Zacks Consensus Estimate, but both EPS and sales fell year-over-year, affected by tough environment, reduced inventory and demand for general merchandise categories; management expects headwinds to persist in 2023
Zack's Commentary (02/10)
CleanForce Air announces CleanForce Rainbow Air Purifier, a new H13 True HEPA Air Purifier for large residential rooms up to 2,550 sq. ft.; purifier allows users to monitor air quality, detect the purification of various allergens, odors and bacteria
PR Newswire (02/10)
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Health Care
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Over-the-Counter (OTC) Drugs
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FDA to require specific antimicrobial animal drugs switch from OTC to prescription-only status by June 11
Midwest Messenger (02/10)
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Health Care, Pharmaceuticals & Wellness
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Bain: Surgical robotics industry quadrupled to US$3B+ in last eight years, poised for huge growth and adoption over next decade; general surgery is now most advanced surgical robotics technology, but orthopedics and neurosurgery could grow substantially
Bain & Co. Inc. (02/10)
Abbot to acquire atherectomy device firm Cardiovascular Systems for US$890.0M; CSI’s atherectomy system is a minimally invasive treatment for calcified and fibrotic plaque build-up in complex arterial disease
PR Newswire (02/10)
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Tobacco, Cannabis & Derivatives
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CT recreational cannabis sales hit $5.1M in January after starting on Jan. 10; medical marijuana sales total US$8.2M in January for a total of US$13.3M
Hartford Courant (CT) (02/10)
States with legal recreational cannabis have similar rate of substance abuse issues as states where recreational pot is banned, University of Minnesota study finds; in contrast to 'gateway drug' theory, some individuals at risk of substance abuse overall
Westword (Denver, CO) (02/10)
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Industrial
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Automotive & Driving
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Ford to Share Updated Plans to Lead Electric Revolution
Ford Motor Co. (02/12)
Bronco Retains Crown In Ultra4 Stock Racing Class At King Of The Hammers
Ford Motor Co. (02/11)
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Agribusiness & Raw Foods
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ADM agrees to conduct a feasibility study in 2023 to determine when it can eliminate ‘native vegetation conversion’ from its soy and corn supply chains in South America
Green Century Capital Management Inc. (02/10)
Total value of US agricultural and related products exported to Taiwan reaches record US$4.4B in 2022, up 13% from 2021, USDA says; Taiwan remains the sixth-largest market for US agricultural and related exports
Fresh Plaza (02/10)
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Logistics, Shipping & Delivery
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Emirates SkyCargo and Air Canada Cargo to collaborate on initiatives to offer freight customers of both airlines access to more capacity on a larger combined global network; initiatives include expanding cargo interline options and block space agreements
ENP Newswire (02/10)
US lawmakers aim to overturn Biden administration's rules implemented in December to tighten emissions standards by over 80% on heavy-duty trucks; senators argue the new rules create hardships for small business owners
WorldNetDaily (02/10)
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Packaging Suppliers
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Tetra Pak International SA
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Tetra Pak announces aid to communities impacted by earthquake in Turkey and Syria; company will supply generators to rescue teams in areas suffering lack of electricity
The Tetra Laval Group (02/10)
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Stock
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Latest: Feb, 10 2023
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Latest Value |
Prev |
Chg |
YOY Chg |
Watchlist |
Amcor Plc (AMCR)
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11.33
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11.22
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0.98%
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-2.50%
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Aptar (ATR)
|
109.21
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109.25
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-0.04%
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-4.71%
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Ardagh Group SA (ARD)
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24.75
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24.75
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0.00%
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0.00%
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Ball (BALL)
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54.61
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55.03
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-0.76%
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-41.07%
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Berry Global (BERY)
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62.24
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61.43
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1.32%
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-0.69%
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Crown Holdings (CCK)
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84.89
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86.10
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-1.41%
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-26.46%
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DS Smith PLC (SMDS) :LON
|
350.10
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350.00
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0.03%
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-7.14%
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Gerresheimer AG (GXI) :ETR
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75.25
|
74.90
|
0.47%
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-3.46%
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Huhtamaki Oyj (HUH1V) :HEL
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32.41
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33.97
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-4.59%
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-4.34%
|
International Paper (IP)
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38.63
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38.37
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0.68%
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-17.12%
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Owens Illinois (OI)
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21.75
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22.04
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-1.32%
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58.76%
|
PCA (PKG)
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139.92
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140.10
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-0.13%
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-5.91%
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Pactiv Evergreen Inc. (PTVE)
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10.86
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10.87
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-0.09%
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3.43%
|
Sealed Air (SEE)
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49.30
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50.04
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-1.48%
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-23.42%
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Silgan (SLGN)
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53.75
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53.53
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0.41%
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24.71%
|
Smurfit Kappa Group Public Ltd Co-O (SKG):LON
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3,366.00
|
3,373.00
|
-0.21%
|
-16.52%
|
Sonoco (SON)
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59.53
|
60.18
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-1.08%
|
6.82%
|
Transcontinental Inc. (TCL.A.CA)
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14.68
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14.74
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-0.41%
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-30.36%
|
WestRock Co. (WRK)
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33.06
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32.64
|
1.29%
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-29.16%
|
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