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AllPack 2016

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Food Packaging

New Australian research hub to focus on Southeast Asian consumer markets

New Australian research hub to focus on Southeast Asian consumer markets
AUSTRALIA/SOUTHEAST ASIA –
The University of Melbourne and Mondelez International have launched a research hub which will gain insights into Asian consumer behaviour and market levers, and inform innovation in ingredient use, consumer experience and product design and packaging.

San Miguel Corp posts 112% growth in Q1 net profit

San Miguel Corp posts 112% growth in Q1 net profit
PHILIPPINES -
San Miguel Corporation (SMC)’s first quarter net profit for 2016 jumped 122% year-on-year to US$289.14 million (P13.5 billion), citing robust food, beverage and packaging businesses, as well as higher revenues from its power and infrastructure units.

Halal and Vegan drive ethical label market with 5% annual growth by 2020

Halal and Vegan drive ethical label market with 5% annual growth by 2020
GLOBAL –
The global market for ethically labelled packaged foods, soft drinks and hot drinks (excluding private label) accounted for US$793.8 billion in 2015 and is set to reach US$872.7 billion by 2020.

Prepack opens flexible packaging factory in Thailand

Prepack opens flexible packaging factory in Thailand
THAILAND –
Prepack Thailand Co Ltd, a subsidiary of Japan’s Rengo Co Ltd, has opened a new flexible packaging factory in Sinsakhon Printing City & Industrial Estate in Samutsakhon Province, Thailand.

Mondelez launches China e-commerce partnership with Alibaba Group

Mondelez launches China e-commerce partnership with Alibaba Group
CHINA -
Chinese consumers will now be able to purchase a range ofMondelēz International products, including Oreo, Chips Ahoy!, belVita, Toblerone, Cadbury and Trident, through its flagship store onAlibaba’sTmall.com platform, following the signing of a strategic e-commerce partnership betweenMondelēz International and theAlibaba Group.

Graphic Packaging completes acquisition of Colorpak

Colorpak
AUSTRALIA/NEW ZEALAND -
Graphic Packaging Holding Company has completed its acquisition of Colorpak through its wholly owned subsidiary, Graphic Packaging International Australia Pty Limited.

Chinese flexible packaging market to hit US$12bn by 2019

Chinese flexible packaging market to hit US$12bn by 2019
CHINA –
The flexible packaging market in China is expected to reach US$12 billion by 2020, growing at a CAGR of almost 8% during the forecast period.

Aspire Insight’s acquisition of Kian Joo Can cancelled

Aspire Insight’s acquisition of Kian Joo Can cancelled
MALAYSIA -
The RM1.47 billion takeover offer for Kian Joo Can Factory Bhd has been called off, a mutual decision made by both Kian Joo and the buyer Aspire Insight Sdn Bhd.

Innovia sells off cellophane business to Japanese packaging manufacturer

Innovia sells off cellophane business to Japanese packaging manufacturer
JAPAN -
Innovia Group is selling its Cellophane business and assets to Futamura Chemicals Co Ltd, a major Japanese plastic and cellulose films manufacturer principally servicing the food packaging industry. 

Korea sets imported food safety law implementation rules

Korea sets imported food safety law implementation rules
SOUTH KOREA -
The Ministry of Food Drug has issued supplementary regulations for the implementation of the country’s new Special Law on Safety Management of Imported Foods which became effective on 4 FEbruary 2016.

Parkside expands production capabilities in Malaysia

Parkside expands production capabilities in Malaysia
MALAYSIA –
UK-based specialty packaging manufacturer Parkside intends to “significantly invest” in its Malaysian operations to ensure its growing customer base in the Asia region can access the same high quality innovation and service as in Europe.

Thailand Food Label Nutritional Symbol Regulations

Thailand Food Label Nutritional Symbol Regulations
THAILAND –
The Thai Food and Drug Administration (TFDA) has released the requirements for food label nutritional symbols in accordance with 2014 amendments to the Thai Food Act.

Chinese food packaging manufacturer expands in Europe

KX Foods' factory
CHINA / EUROPE –
As part of its strategy to expand its European market share, Chinese company Min Feng Food has moved the premises of its subsidiary company KX Foods to Belgium.

Masan acquired 14% stake in major Vietnamese food processor

Vissan packaged processed food products at retail
VIETNAM -
Vietnam's Masan Group has acquired a 14% stake in one of the country's major food processors Vissan for US$63.9 million.

BASF-Avantium joint venture to produce packaging materials for film and bottles

BASF-Avantium joint venture to produce packaging materials for film and bottles
GLOBAL -
BASF and Avantium have signed a letter of intent and entered into exclusive negotiations to establish a joint venture for the production and marketing of furandicarboxylic acid (FDCA), as well as the marketing of polyethylenefuranoate (PEF), based on this new chemical building block.

Increased Asian demand to fuel global glass packaging market growth

Increased Asian demand to fuel global glass packaging market growth
ASIA –
The global glass packaging market for food and beverages is expected to exceed US$56 billion by 2019, growing at a CAGR of over 2%.

New Uflex EMAP solution helps Indian fresh produce companies expand export markets

A Box of Indian pomegranates packed in Flexfresh ready for shipment from India
INDIA –
With increasing demand from the Indian fresh produce market, Uflex Limited, one of the country’s largest flexible packaging company, saw the need for packaging solutions that offered greater shelf life and product protection.

Online e-retailers caught in China’s food safety net

Online e-retailers caught in China’s food safety net
CHINA -
The rapid growth of e-commerce in China, and the never ending food safety scandals, tainted or counterfeit products and the lack of consumer confidence in domestic supplies of items such as infant milk formula, has led to a boom in cross border internet sales of food and health supplements.  But that may be about to end.

Henkel Adhesive Technologies supports growing flexible packaging market in Asia Pacific

Henkel Adhesive Technologies
ASIA –
With a spotlight on food safety, the global flexible packaging market is expected to significantly grow, fuelled especially by soaring demand in Asia-Pacific’s packaging market.

Pact Group receives approval for acquisition of Power Plastics

Pact Group
AUSTRALIA –
Pact Group Holdings has been given the green light to proceed with its proposed acquisition of Power Plastics from the Australian Competition and Consumer Commission (ACCC).