Packaging Industries Ltd: Award Winning Packaging Firm Eyes Growth

Packaging Industries Limited is proud of its achievements in facilitating trade and boosting the economy and creating jobs in Kenya. A leading manufacturer of high-quality packaging solutions, the company has recently received an international packaging award that adds a feather to its many years of impact.

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Total Kenya to cut carbon emissions with new lubricant packaging

KENYA – Total Kenya, a leading supplier of petroleum and gas products in the East African region, has embarked on a lubricant packaging design that will see the oil marketer significantly reduce its carbon footprint. The oil distributor says the new design development will contribute to Total Lubricant’s ambition to become a responsible energy major. “A reduction in the weight of packaging will prevent the emission of 9,500 tons of CO2 equivalent each year resulting to raw materials savings,” said Olagoke Aluko, Managing Director, Total Kenya PLC. “A reduction in the weight…

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South Africa’s Mondi acquires Turkish corrugated packaging player Olmuksan

SOUTH AFRICA – Paper and packaging product group Mondi has said it will acquire Istanbul-listed Olmuksan, a Turkish corrugated packaging player, for US$81.5 million. Mondi said in a Johannesburg Stock Exchange regulatory filing that it would buy 90.38 percent of the outstanding shares in Olmuksan International Paper Ambalaj Sanayi ve Ticaret A.S (Olmuksan), from International Paper. The implied enterprise value of the Turkish company, on a 100 percent basis, would amount to around US$108.6 million. Olmuksan is a well-established corrugated packaging player in Turkey and its five plants provide a…

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Packaging company SOMIPEM closes second round to finance its development

TUNISIA – Modern Plastic Industry and Packaging Company, SOMIPEM, has successfully closed its second round on the private equity market with a co-investment from Ekuity Capital and UGFS-NA in order to finance its development in Tunisia and Africa. This operation also resulted in an operation of exits of the former institutional shareholders (SODINO, Univers Invest Sicar and CDC Gestion) who supported the company during its first phase of creation and development. This new round of funding confirms the solidity of the SOMIPEM model, the relevance of its strategic vision and…

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