Packaging

Mayr-Melnhof Karton AG has appointed Peter Oswald as new Chairman of the Management Board and CEO of the company with a contract for a period of five years. Peter Oswald will become member of the Management Board as of April 1, 2020.

Bunzl plc has acquired a further business in the US. Joshen Paper & Packaging, which is based in Cleveland, Ohio and operates from a number of locations across 11 states in the US, is engaged in the distribution of packaging and other goods not for resale to customers operating principally in the grocery sector.

Walki Group has entered into a license agreement with Smart Planet Technologies, for the use of Earth Coating™ in a number of next generation environmental packaging applications. With this technology Walki takes a big step towards a zero-waste future. Walki’s goal is to reach 100% by the year 2030.

Mondi plc has agreed with Peter Oswald, Group CEO, that he will step down as CEO and from the Board of Mondi plc, and will leave the Group, on 31 March 2020.

Papier- und Kartonfabrik Varel (PKV) is testing a module that can use wind power peaks to generate steam for paper production. When the climate protection module provides steam for the paper machines, this in turn saves natural gas and avoids CO2 emissions in PKV's own power plant.

CCL Industries Inc. has signed a binding agreement to acquire Polish BOPP film producer Flexpol Sp. Z.o.o. for an estimated $22 million on a debt/cash free basis. Closing is expected during the 1Q 2020 following regulatory approvals; the new business will then trade as Innovia Poland.

The Papier- und Kartonfabrik Varel (PKV) will further develop its mill into a production capacity of one million tons of corrugated board papers and board in the coming years. At the same time, PKV continues to invest out of conviction and emphatically in the conservation of natural resources.

Feldmuehle GmbH has successfully completed the self-administration insolvency proceedings that began at the end of 2018. After the unanimous approval of all creditors on December 16, 2019 to the insolvency plan submitted by the management, the competent court in Pinneberg suspended the insolvency proceedings on January...

Tequaly Técnica Industrial Ltda signed an order for a gas incinerator, instrumentation and services to be installed in Klabin Monte Alegre mill in Brazil. The unit was installed during October, 2019. Final tuning and start up is planned for January 2020.

Sonoco has completed the acquisition of Thermoform Engineered Quality, LLC, and Plastique Holdings, LTD, a global manufacturer of thermoformed packaging serving healthcare, medical device and consumer markets, from ESCO Technologies, Inc. for $187 million in cash.

As of January 1, 2020, Huhtamaki appoints two new members to the Global Executive Team. Marina Madanat is appointed Executive Vice President, Strategy and Business Development. Antti Valtokari is appointed Executive Vice President, IT and Process Performance.