PLACE Weekly Wrap-Up
Nov. 4, 2009

Graham Packaging Plans IPO and French Sale
from Plastics & Rubber Weekly
Major North American blow moulder Graham Packaging is planning an IPO. The company, which is controlled by private equity firm Blackstone Group, hopes to raise $350 million through the stock offering to repay debt. More

China Flexible Packaging Adds 4th Production Line at New Plant
from Channel News Asia
Mainboard-listed China Flexible Packaging Holdings Limited said that it has added a new production line at its new plant in China's Guangdong province. This fourth production line is expected to increase its overall production capacities by 37,000 tons to 93,000 tons a year. The company is also in the process of adding a fifth line with a production capacity of 10,000 metric tons a year. More

Most Businesses Don't Expect to Boost Sustainability Efforts Soon
from Converting Magazine
Despite the nation's attention on eco-friendly programs and policies, a new survey suggests most businesses are not planning to step up their efforts in this area -- at least not in the next year. When asked whether they expect their companies' emphasis on green initiatives to increase, decrease or remain the same in the next 12 months, 68 percent of chief financial officers (CFOs) interviewed said they anticipate no changes. More

Williams Lea Wins $350m Cosmetics Contract
from Packaging News UK
Williams Lea, a global business outsourcing firm, has won a $350m five-year contract to handle cosmetics firm Elizabeth Arden's U.S. flexible packaging and printing needs. The consultancy, which is renowned for its work in the print sector, has been awarded the procurement outsourcing contract, which takes immediate effect. More

Sonoco Combines Its Trident and Keating Businesses into a Single Operating Unit
from Reuters
In an effort to improve its position in the marketplace, increase productivity and grow the business overall, Sonoco, one of the largest diversified global packaging companies, is combining its Trident and Keating businesses into a single operating unit within its Flexible Packaging division. More

Modular Fluid Coating System Eliminates Setup and Speeds Switch to Slot Die Coating
from PFFC Magazine
A complete slot die coating station with all components from idler roll to backing roll is now available for renting by manufacturers in Asia, enabling them to eliminate hours of setup in switching from roll to slot die coating as they carry out product and process development with slot dies in their own plants. More

Paper Products Quarterly Net Doubles
from Business Standard
The Paper Products (PPL), India's leading flexible packaging company, posted a 102 per cent rise in net profit at Rs 8.25 crore for the quarter ending Sept. 30, 2009 as compared to Rs 4.07 crore in the corresponding period last year. More

LyondellBasell: Launch of New High-performance Lupolen Resin for Use in Blown Film
from Plasticker
LyondellBasell Industries announced the commercial launch of a new polyethylene (PE) resin for potential use in a wide range of customer blown film applications. The new Lupolen GX 4081 grade features a superior balance of mechanical properties, and a unique combination of stiffness and toughness that offers significant downgauging potential up to double digits for numerous flexible packaging applications. More

Evolve Beauty Adopts M&H Recycled-plastic Bottles
from Packaging News UK
M&H Plastics is using 100 percent recycled PP and HDPE to create bottles and jars for eco-beauty products firm Evolve Beauty. Evolve Beauty is a range of 12 skin, body and hair products and opted for the lightweight recycled plastic bottles to create a bottle that looks good while being kind to the environment. More