Sustainability Middle East & Africa News - Week 46

Sappi reports strong earnings for the year, defying market volatility

SOUTH AFRICA – Sappi has reported strong earnings in FY24,? despite a 6.4% year-on-year drop in adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) to US$684 million??. .?.?More

Nampak offloads I&CS business in strategic move

SOUTH AFRICA – Nampak has announced a pivotal sale agreement for its Industrial & Commercial Solutions (I&CS) business, valued at R142.5 million (US$8.1m), aiming to reduce its considerable debt burden . .?.?More

Monotech Systems?unveils new inkjet innovations

INDIA – Monotech Systems is set to showcase its latest inkjet technologies at Labelexpo India 2024, scheduled for November 14-17 at the India Expo Centre & Mart, Greater Noida, Delhi NCR?. .?.?More

Tetra Pak on track to achieve 40% product recycling by 2030

SOUTH AFRICA – Tetra Pak Southern Africa is on track to reach an ambitious 40% recycling rate for its liquid board packaging (LBP) by 2030, a target sustainability manager Masale Manoko believes may be surpassed?. .?.?More

?Huhtamaki Introduces Environmental Risk Assessments in India

INDIA – Huhtamaki has launched an environmental risk assessment initiative across its operations in India to strengthen its commitment to sustainability?. .?.?More

Coveris rebrands German medical packaging facilities as MediFlex

GERMANY – Coveris has consolidated its medical packaging offerings under the new MediFlex brand, following substantial investments to expand production capabilities and advance sustainable packaging solutions at its facilities in Rohrdorf and Halle, Germany?. .?.?More

Biffa finalizes acquisition of Keenan Recycling

UK – Biffa has recently acquired Keenan Recycling to enhance its food waste processing capabilities in preparation for new mandatory food waste collection regulations?. .?.?More

Jindal Films Europe to launch 5-10 new sustainable innovations annually

EUROPE – Jindal Films Europe (JFE), a leader in flexible packaging and part of the USD 2.5 billion B.C. Jindal Group, has announced plans to introduce 5-10 new sustainable film innovations each year?. .?.?More

International Paper reports 1.6% growth in net sales in Q3 of 2024

USA – International Paper (IP) has reported a 1.6% increase in net sales for Q3 2024, reaching US$4.69 billion, up from US$4.61 billion in Q3 2023?. .?.?More

SABIC opens new ULTE Resin manufacturing plant in Singapore

SINGAPORE – SABIC has inaugurated its first advanced specialty chemical manufacturing facility in Singapore, with the aim of meeting the growing demand from industries across Asia, including markets in Japan and China?. .?.?More

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