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Pakistan Aluminium Beverage Can reports soaring profits
Pakistan Aluminium Beverage Cans’ (PABC) profit skyrocketed to Rs387 million during the quarter ended June 30, 2021 compared to Rs16 million in the same period of last year. The jump came on the back of a modest spike in sales and considerable decline in finance cost. Accordingly, the earnings per share of the can-maker rose…
Latamcan set to be a sell-out show!
Latamcan can have announced that all hotel rooms secured for Latamcan 2021 have completely sold out. This year, a decision has been made not to take the group picture this year to avoid excessive and unnecessary contact. A spokesperson for the show said: “We wish to thank all the suppliers registered for their support. We…
Ball reports strong Q2 2021 results
Ball Corporation has reported second quarter 2021 net earnings attributable to the corporation of $202 million (including net after-tax charges of $85 million, or 25 cents per diluted share for business consolidation and other non-comparable items), or 61 cents per diluted share, on sales of $3.5 billion, compared to $94 million net earnings attributable to the corporation, or 28 cents per diluted share (including net after-tax charges…
Arnold Palmer continues its healthy growth spurt
The hard iced tea with lemonade flavour continues its healthy growth spurt, up nearly 15% year-to-date in 2021 after posting 24% growth in 2020, according to IRI multi-outlet and convenience data. The brand’s impressive growth is fuelled by the performance of its 12-pack, particularly in large-format retailers like grocery and liquor stores. On top of…
Anheuser-Busch plans $18 Million investment in Fort Collins Brewery,
As a part of a $1 billion planned investment for economic recovery, Anheuser-Busch has announced an $18.2 million investment into its Fort Collins brewery. The investment is part of the brewer’s announcement made earlier this year to invest $1 billion over two years in the company’s facilities to help accelerate the nation’s recovery and drive economic prosperity in communities across the…
Lyreco partners with sustainable company Loop
Lyreco UK is the first business to partner with global reuse platform Loop, in a Business to Business proof of concept trial: with a circular consumer model, minimal waste and reusable packaging in mind. In this proof of concept trial, Hand Soap and Hand Sanitisers will be sold in bespoke reusable packaging, in an aim…
Refresco to acquire three US production facilities from The Coca-Cola Company
Refresco has entered into an agreement with The Coca-Cola Company to acquire three of its production locations in the United States. The transaction is subject to regulatory approval and the financial terms of the transaction are not disclosed. Hans Roelofs, CEO Refresco, said, “The ongoing trend of A-brands outsourcing their production capabilities continues to provide opportunities…
AMP and Gores Holdings complete merger and lists on NYSE
Ardagh Metal Packaging and Gores Holdings have announced the completion of their previously announced business combination. The combined company will be named Ardagh Metal Packaging S.A. and will commence trading on the New York Stock Exchange on August 5, 2021 under the new ticker symbol “AMBP”. The Business Combination was approved at a special meeting of…
Dantex Group celebrates 30-year partnership with Windelev
Dantex has supplied Windelev with steel backed printing plates and flexo plates for over 30 years to support their dry offset services. In generating photorealistic artwork and laser engraving printing plates, Windelev supply customers across 55 countries world-wide who produce and print cups, containers, tubes and pails in plastic, and aluminium cans for beverage and…
Goose Island has launched its latest IPA “Today’s Haze”
Goose Island has launched a new Hazy Session IPA, Today’s Haze, to the UK On-Trade. The latest drop from the Chicago-based brewery is now available for pubs and bars to stock in both can and keg formats, having launched to the Off-Trade in May. Today’s Haze has moderate bitterness and fresh, tropical flavours at a…
