PLAY PKN: Video News Bulletin 9 July
In the news this week: Woolworths, APCO, AusPost, MCC, CEFC, Circular Plastics Australia, TetraPak, Detpak, Hallmark, Opal Australia Paper, Women in Packaging, AIP.
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Brought to you by KM Packaging.
Treasury Wine Estates (TWE) says it is dropping the value of its US business by a further $558 million in write-downs. This follows the $687 million of write-downs the wine maker made against the business unit in December 2025.
Indonesia’s sovereign wealth fund will take a 25 per cent stake in JBS’s Australian and New Zealand operations, with Danantara Investment Management paying $3.5 billion (US$2.5 billion) in equity under a joint venture that gives the world’s largest protein producer up to US$5 billion to fund regional expansion.
Robotic Automation has been acquired by Varley Group, in a move both companies say will strengthen their ability to invest in automation and support Australian manufacturing.