Issues
Collapse of Greensill Capital throws UK Steel industry into crisis
The collapse of the principle financial backer of one of the UK’s largest industrial groups has fallen into administration, risking 5,000 jobs at Liberty Steel and other firms. Specialist bank Greensill Capital was the main lender to businessman Sanjeev Gupta’s sprawling empire, which includes Liberty Steel. In a court filing, Greensill said Mr Gupta’s operations…
From Can to Customer – connecting virtually every beer
A ground-breaking concept, enabling consumers and producers to connect through product packaging is rolling out to the craft beer industry has launched with brewpubs and taprooms set to benefit. The suitably named, BEERSCANS, is an augmented reality platform, for brands to deliver a unique customer experience. At its core, the concept enables brands to ‘virtually…
AkzoNobel’s publishes digital 2020 annual report
AkzoNobel has published its digital 2020 annual report, which highlights how the company delivered on its Winning together: 15 by 20 ambition and has now entered the next phase of its ongoing transformation. The dedicated website offers comprehensive coverage of the company’s financial results, key business developments and the progress that has been made in…
Diageo acquires newly launched ‘Ranch Water’ hard seltzer brand
Alcohol giant Diageo has acquired Far West Spirits LLC, owner of the Lone River Ranch Water (‘Lone River’) brand. Lone River is a hard seltzer that takes inspiration from the popular classic Texan “Ranch Water” cocktail. Lone River was founded in 2019 by native Texan, Katie Beal Brown. Katie will retain a minority interest and…
Buffalo Rock names Matthew Dent as CEO
Buffalo Rock Company has announced that its board of directors has voted to approve Matthew Dent as the company’s chief executive officer. This marks Dent the first CEO in the company’s 120-year history that is not a member of the Lee family. According to a release, previous CEO Jimmy Lee III will continue to serve…
Hydro Extrusions achieves four new ASI certifications in Europe
Each of the four aluminium manufacturing plants that Hydro operates to serve customers in the DACH region of Europe is now certified according to both the ASI Performance Standard and ASI’s Chain of Custody Standard. In total, Hydro employs around 1,100 people at the four sites. The Aluminium Stewardship Initiative (ASI) aims to see sustainability…
SACMI Group appoints new General Manager
The SACMI Group has announced the appointment of a new General Manager, Mauro Fenzi. He’ll take over from Giulio Mengoli, who has, for personal reasons, considered it appropriate to terminate his employment. Despite all the difficulties caused by COVID-19, the year 2020 still saw SACMI achieve good results in terms of operating margins and cash flow generation.…
Chinese herbal tea maker seeks funding for Hong Kong IPO
Chinese non-alcoholic beverage maker JDB Group is hoping to raise at least $300 million in a funding round ahead of a potential Hong Kong initial public offering, according to an article in Bloomberg. JBD is working with advisers on the pre-IPO funding and has reached out to several prospective investors, said the people in the article, who…
Flint Group Image Transfer Technologies Division launches Enviroflex
Flint Group Image Transfer Technologies has announced the introduction of Enviroflex, a complete suite of biodegradable products designed for superior cleaning of flexo presses, anilox rollers and rotogravure cylinders, flexo plates and flexographic printing facilities. The Enviroflex biodegradable product range has been developed to deliver not only a safe work environment whilst performing daily maintenance…
COVID-19 pandemic adversely effects Toyo Seikan beverage container sales
Mr Ichio Otsuka, President of Toyo Seikan, has said that the COVID-19 lockdowns have resulted in a large decline in the overall sales of the firms packaging business. Consequently, the pandemic depressed the Group’s sales and profit for the half year period ending March 31, 2021. “There are still no signs of an end to…
