Ardagh valued at more than US$5bn after IPO

Metal and glass packaging manufacturer Ardagh Group was launched on the New York Stock exchange this week with an initial public offering (IPO) that valued the company at US$5.4 billion.In the IPO, more than 16 million shares were sold, and with their value rising to $20, the listing raised $319 million.It will enable Ardagh, whose chairman Paul Coulson is...

Ball employees contribute towards $4 million in charity support in 2016

More than US$4 million was donated last year by employees of Ball Corporation and the Ball Foundation to charities in the communities where the company operates.Through the Ball Community Ambassadors programme, employees in North America also logged more than 34,000 hours of volunteer service – 2,000 more than in 2015. In total, The Ball Foundation and Ball employees donated...

China’s Pacific Can Group bought by investment fund

Pacific Can Group, one of China’s largest beverage can manufacturers, has been acquired by a local investment group.The deal, terms of which have not been revealed, involves Pacific Can’s six plants in China. Fuzhou Xingrui Feng Investment Partnership, which is understood to have completed the acquisition, already has interests in the canmaking business. ShengXing Group, which manufactures both beverage and...

Bottle necking collaboration for press maker Schuler

Press manufacturer Schuler is venturing into aluminium bottle making systems with the launch in May of a necker developed in collaboration with Japan’s TMC.The move is in response to expected growth in demand for lightweight D&I bottles, which are being manufactured in the US, Europe and China.TMC is a market leader in bottle necking systems, and the latest machine...

Canmaking industry bodies morph into Metal Packaging Europe

Two canmaking industry organisations, Beverage Can Makers Europe (BCME) and European Metal Packaging (Empac), have merged into a new structure under the name Metal Packaging Europe to create “a more efficient and powerful organisation”.Based in Brussels, Metal Packaging Europe represents more than 450 manufacturing sites, producing around 85 billion cans a year and employing more than 65,000. Martin Reynolds, vice...

See and touch cans at Ardagh’s Sample Store

Brand owners with an interest in selecting metal packaging products are being invited to visit a new Sample Store set up online by Ardagh Group.The platform was developed by the canmaker as a cost-effective way for brands to see and touch Ardagh cans and ends prior to making a formal commitment.By clicking through the portfolio, visitors to the site...

Second beverage can line at MSCANCO in Egypt to start up in June

Plans for the development of Africa’s largest beverage can plant have been delayed following further political turmoil in Egypt.It was expected that the plant built by Mahmood Saeed Beverage Cans & Ends Industry Company Ltd (MSCANCO) north of Cairo would have the second of its high-speed production lines operating by last summer.The third and fourth lines were scheduled for...

European debut for Ball’s D&I aluminium bottles

The first commercial application in Europe of Ball’s Alumi-tek aluminium D&I bottle is being launched at a trade show in Germany later this week.The lightweight 16oz bottle, which has been produced for a number of years by Ball in the US, mostly for brewers such as Molson Coors and SABMiller, will be making its debut at the Internorga trade...

AkzoNobel rejects $22bn bid by PPG Industries

Dutch coatings and chemicals giant AkzoNobel yesterday rejected a €21 billion (US$22bn) bid from US rival PPG Industries. Both are specialist suppliers of packaging coatings and inks to the canmaking industry. Dulux is one of AkzoNobel’s better known consumer brands.AkzoNobel’s chief executive Ton Büchner said: “As stated at our full-year results announcement in February, we are now a leaner,...