Corus to cut tinplate production by 120,000 tonnes

July 18: Production of packaging steel at Corus Packaging Plus (CPP) will be reduced by 120,000 tonnes from January 2008. CPP announced today that output will be cut at its Trostre plant in Wales, the UK, due to overcapacity in the European tinplate market and rising raw material costs. “Over the last two years, the performance of Corus’ packaging...

Beverage can sales boost Crown performance

July 18: Continuing growth in sales of beverage cans in Europe and North America helped increase turnover in the second quarter for Crown Holdings, the world’s leading canmaker. Sales rose by 11.7 percent to US$1,990 million compared with the same quarter last year. Over the first six months of 2007, sales were up 12 percent to $3.7 billion. Profits...

Who will buy Alcan Packaging?

July 13: As executives work on the completion of mining group Rio Tinto’s $38bn acquisition of aluminium producer Alcan, there is speculation as to who will take control of Alcan Packaging now that it is on the market. Dick Evans, who will become chief executive of Rio Tinto Alcan when regulatory issues are completed, confirmed recently that the...

Rio Tinto to buy Alcan for $38bn

July 12: Canada-based aluminium-to-packaging giant Alcan is to be bought for $38.1 billion by leading mining group Rio Tinto, subject to approvals. Alcan’s packaging division will be included in the sale but will be sold by the new company – as may other downstream activities. This will enable Rio Tinto to refinance its debt and strengthen its...

Seventh beverage can project for Vietnam

July 12: Work has started on yet another beverage can plant in Vietnam where growth in the brewing and soft drinks businesses is one of the fastest in South East Asia. The US$43 million investment by Sabeco-Song Lam Nghe An Packaging Joint Stock Company means that by the end of 2008 there will be seven DWI can manufacturing plants...

Mivisa starts up in Morocco, Holland and Hungary

July 11: Spain’s leading canmaker Mivisa has commissioned its third offshore plant since the beginning of the year. The company started operations this month at Agadir, in southern Morocco, to supply drawn cans to domestic fish packers such as Groupe Bicha, Atlantic and UPA. Morocco is the largest sardine packer in the world, processing about 700,000 tonnes that require about one...

Grace acquisition to boost drinks packaging business

July 6: World-leading supplier of sealants and coatings to the canmaking industry, Grace Darex Packaging Technologies, has acquired the assets of Spanish coatings company Grupo Sistiaga. The deal allows Grace to better serve the fast-growing aluminum bottle segment of the beverage packaging industry, Darex vice president and general manager Robert Sorrentino said. “We continue to invest in new...

Rexam to buy Russian beverage canmaker

July 4: Russian beverage can manufacturer Rostar is being bought by London-based Rexam, the world leader in the business, for US$297 million (£149m). The move follows the recent acquisition by Rexam of Owen Illinois’s plastic packaging business. Rexam announced this morning that it had agreed to buy Rostar from En+ Group Limited, the parent of Rusal, the Russian...

Sealants and coatings to cost more

July 3: Prices of coatings and sealants made by Grace Darex Packaging Technologies are being increased on 15 July. The world-leading supplier to the canmaking industry said the increases were driven by rising raw materials costs, but did not say what the increase would be. Global account manager Ken Hooper said: “Raw material costs continue to...

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