Chinese closure manufacturer sells stake

Alcoa has purchased the 30 percent interest in the Alcoa Closure Systems International (Tianjin) joint venture currently owned by its partner China Suntrust Investment Group. Alcoa's presence in China began in 1993 with the creation of the Alcoa Asia representative office in Beijing. Since then, Alcoa has established thirteen wholly owned and joint venture companies.

More UV-curing lines from IST Metz

Germany's IST Metz has been involved in a number of recent UV-curing system installations for metal decorating operations around the world. The first Crabtree Marquess Plus UV line was set up in Puerto Rico, for Island Litho, while the first high speed UV line in China was also installed, for Bao Steel.

Self manufacturing expands in New Jersey

Ethnic product packer Goya Foods is building a new canmaking plant opposite its facility in New Jersey, USA, to add to its canmaking operation in Puerto Rico. The line is being built by Soudronic in Switzerland with an FBB1000 welder and combination beader, flanger and seamer, Mectra conveying systems and a Wilco leak tester which is said...

Buffett increases his brewing stake

Berkshire Hathaway Inc, the company run by investor Warren Buffett, has increased its stake in brewer Anheuser-Busch from 9.5 million shares to 44.7 million shares during 2005. The holding was made public in a recent disclosure to the US Securities and Exchange Commission. Estimates suggest that Berkshire Hathaway’s share of Anheuser-Busch is now worth around US$1.9 billion....

Filipino government to pull out of food and drinks

The Filipino government looks like it might finally be dispensing its 41 percent stake in the food and beverage company San Miguel Corp. Reports suggest that the shares will be sold during the second half of 2006 at an estimated price of US$2 billion. The shares have been the subject of legal dispute for many years and...

Food containers to grow by 3 percent

A study has predicted that the US demand for food containers is projected to expand by 3 percent per year to 249 billion units by 2009. The metal can market is predicted to grow only marginally – by around 2.3 percent – and may lose some of its market to food containers such as aseptic and retort cartons. The...

Top designer Stark backs olive cans

Premium products call for the best packaging, and that means metal, according to top French designer Phillippe Stark. And he’s put his money where his mouth is by investing in an extra virgin olive oil venture that uses cans. Spain’s La Amarilla de Ronda brand uses UK-made cans with Stark’s own designs. La Amarilla de Ronda’s general director...

Indian seminar reviews innovation

The second International Seminar on Tinplate Packaging took place in Mumbai, India at the beginning of November. The event was well attended by more than 400 delegates, 15 exhibitors, and 20 speakers, and concluded with the presentation of the Tinplate Promotion Council (TPC) Awards. The seminar, titled ‘Cannovation’, examined art in tinplate packaging around the world. Innovation, consumer convenience,...

Rostar starts up second line at St Petersburg

Russian beverage canmaker Rostar has commissioned a second line at its plant at Vsevolzhsk, near St Petersburg, bringing the plant’s capacity to 1.7 billion 50cl cans. Rostar’s managing director Andrey Donets said: “Demand for canned products has steadily increased over the last eight years. The launch of Rostar-Vsevolzhsk’s second production line allows us to meet growing...