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Beleagured flexibles and industrial specialty packaging company, ASX-listed Pro-Pac Packaging Group (PPG), has appointed partners from McGrathNichol Restructuring as voluntary administrators, as a buyer is sought for all or parts of the business. Read more
Multivac is responding to the rapidly rising demand for packaging machinery and materials in Australia, with the significant expansion of its sales and logistics capacity in Queensland.
Tray sealing specialist Proseal has relocated to a new factory in Australia to enhance its comprehensive range of sales and support services for customers throughout the country.
Pact Group has converted $420 million of existing loan facilities into Sustainability Linked Loans, which will see the group benefit if targets are achieved, and penalised if not.
Confectionery giant Mars Wrigley will spend $25.5 million on its Ballarat facility to expand production, increase sustainable packaging efforts, and drive operational efficiencies.
As institutional investors gave a thumbs up to its rights issue, Pro-Pac Packaging (PPG) revealed it suffered a $25.9m NPAT loss in the 2021/22 financial year, on sales that rose by eight per cent to $403.9m.
Global UK-founded climate action NGO WRAP has opened its new WRAP Asia-Pacific office in Adelaide, in a partnership with Fight Food Waste Australia.
Amcor has announced its first batch of recipients for its Lift-Off seed funding initiative, with Bloom Biorenewables and Nfinite Nanotechnology getting the nod.
Pro-Pac Packaging (PPG) is aiming to raise $30.2m from its shareholders in a renounceable rights issue, offering shares at 30c, a 52.8 per cent discount on the last trading price.
Planet Protector Packaging CEO and founder Joanne Howarth has been recognised as the 2022 SBE Impact Award Winner in the Women to Watch – Global Growth Potential Category.
Amcor has opened its latest world-class Innovation Centre in Jiangyin, China, bringing advanced packaging technologies and more sustainable material science to the Asia-Pacific region.
Visy’s $150m cardboard box manufacturing plant in Queensland, part of the packaging and recycling giant’s $700m investment in manufacturing facilities in the state, has been approved by Brisbane City Council.
Driven by growth in demand for sustainable packaging solutions, CHEP has completed its new 16,870 sqm state-of-the-art Service Centre, in a joint venture with Goodman and Brickworks.
Shares in Pro-Pac have gone into a trading halt, with the company due to make a major announcement imminently. The annual results presentation, due on 31 August, has been postponed.
Close the Loop’s performance in its first FY report as an ASX-listed company exceeded its key prospectus metrics, with the company entering the new financial year in a strong position to accelerate growth.
Tube manufacturer Impact International's carbon-offset forest is expanding. The company hosted a tree planting day for customers earlier this week, attended by Minister for Climate Change and Energy, Chris Bowen, who expressed strong support of Impact's efforts to lighten its footprint. PKN was there.
Major printing operation IVE is aiming to enter the packaging market in the near term, as the company saw all its figures rise in its full year results.