New Zealand company Carter Holt Harvey's owner Graeme Hart is considering forming a partnership with Australian packaging company Amcor, local media reports say.
A partnership between Amcor and Carter Holt's corrugated cardboard and paper business would be worth around A$1bn in revenue a year.
The proposed partnership is aimed at challenging Visy, which holds 47 percent of the region's cardboard box market.
Amcor holds 40 percent, followed by Carter Holt.
Visy was recently fined a record A$36m for its involvement in a price-fixing cartel with Amcor, after Amcor blew the whistle.
Both companies are being taken to court by suppliers seeking A$300m in damages.
BASELL BUY OUT
Advanced polyolefins manufacturer Basell will acquire North American polypropylene supplier Solvay Engineered Polymers (SEP).
The transaction, of which financial details has not been disclosed, is expected to close in early 2008 subject to regulatory approvals.
SEP general manager Vincenzo Morici says SEP has been making good progress on expanding its product and application range.
"Joining Basell is the right way forward for Solvay Engineered Polymers, as it will provide the company with upstream integration into key raw materials and access to complementary technologies and market segments," he says.
CLONDALKIN AQUIRES CARTONPLEX
Flexible and specialist packaging producer Clondalkin Group has recently acquired Spanish folding carton manufacturer of pharmaceutical products Cartonplex.
Financial details of the deal were not disclosed.
Clondalkin CEO Norbert McDermott says the acquisition fits with the company's European expansion plans.
"Our strategy is to reinforce and grow our presence in regions that are important to our customer base," he says.
"The Cartonplex acquisition is an important step for us towards realising this strategy."
AEROSOL CAN PROUDCTION SET TO INCREASE
The European Association of Aluminium Aerosol Container Manufacturers(AREOBAL) says world aluminium aerosol can production is set to reach 5.2 billion cans in 2007.
AEROBAL says members have enjoyed a ten percent growth rate in the first half of 2007 and large incoming orders make the trend likely to continue.
The association says Asia is a potential growth area as per capita consumption of the cans amounts to just under on can per year, compared with ten cans per year in the US and Europe.
Source: packaging-technology
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