PLACE Weekly Wrap-Up
Feb. 3, 2010

2010 year of recovery
PFFC Online
The first half of 2009 witnessed the trough of a powerful recession that cut a wide swath through some of our nation's largest industries. Housing, autos, financial services, travel, food service, luxury goods, apparel, and commercial real estate all were affected significantly by the continued undertow of declining demand. The human toll from this recession is most evident in our country's staggering unemployment numbers. It will take years before our payrolls return to the peak levels seen in 2007.More

Amcor completes acquisition of Alcan Packaging
Packaging Digest
Amcor announced that the acquisition of the Alcan Packaging businesses is complete. The acquisition provides Amcor with leading global positions in the nominated strategic growth markets for flexible packaging and folding carton packaging for tobacco.More

KFC signs Cardia Bioplastics for compostable bags
Packaging Magazine
KFC has signed up Melbourne-based developer, manufacturer and marketer of sustainable resins Cardia Bioplastics to supply compostable bags. The deal follows comprehensive in store trials that in 2009 with first commercial orders received.More

Greiner Packaging forms Serbian joint venture
Plastics & Rubber Weekly
Austrian-based Greiner Packaging International has been adding to its European network. Its Slovenia operation has taken a 51 percent share in a joint venture with local packaging firm Jovanovic Plast. Willi Eibner, Greiner CEO, said: "Due to this participation we are now able to work the growing market in South Eastern Europe even more efficiently."More

Flexible-packaging converter Nordenia for sale
Converting Magazine
Oaktree Capital Management is seeking to sell Nordenia International AG, the German maker of flexible packaging, for about 600 million euros ($844 million), people familiar with the matter said, reports Reuters.More

IML technology gets active with Tradpac and FSG
European Plastics News
A new "active" thin wall injection moulding technology has been combined with IML processing to produce thin wall decorated containers that are lighter than thermoformed equivalents. The partners behind the technology, U.K.-based processing technology company Tradpac and precision mouldmaker FSG Tool & Die, have already designed and built a twin-cavity test mould that has been trialed for an un-named packaging producer.More

New cosmetics packaging resin from LyondellBasell
Packaging Magazine
A first-of-its-kind polypropylene-based, high-clarity copolymer for potential use in extrusion and injection blow molding applications is the latest addition to LyondellBasell's innovative family of metallocene-based resins. More

Packaging groups discuss asset swap
Business Day
Paper and packaging groups Mondi and Smurfit Kappa firmed marginally in a weak market after announcing talks on an exchange of some packaging manufacturing assets. They were discussing Mondi acquiring Smurfit's European sack-converting operations and Smurfit Mondi's UK corrugated operations. But it was not certain the deal would occur, they said.More