Packaging Market Weekly Wrap - International Packaging and Logistics Reports Q1 Results

International Packaging and Logistics has reported a 48.4 percent increase in first quarter revenue to US$4.4m.

Earnings before taxes was US$129K – a 46.6 percent increase over the same period prior year, the company says.

International Packaging and Logistics was formerly known as Kaire Holdings.

TETRA PAK UPGRADES PLANT

Tetra Pak has announced a €26m upgrade of its Italian packaging materials plant that will significantly increase its printing and lamination capacity, and boost the quality and speed of its service.

The Rubiera plant upgrade will involve the installation of two new elements: a VT Lam 650/6 WRM laminator and a new Flexopress printing line.

The company says that the new printing technology will increase capacity by 25 percent when it begins production in November.

The laminator is scheduled to begin operation in March 2009.

It will boost production capacity from three billion to around four billion packs.

ITC UNIT RATED FOR QUALITY

ITC's Chennai packaging and printing business unit has received a Level 8 rating in the International Quality Rating System (IQRS).

IQRS Level 8 is the highest rating any company has received in India to date, ITC says.

IQRS, developed by DNV, Norway is an amalgam of ISO 9000, European Foundation for Quality Management, Malcolm Baldridge Award and QS 9000 standards.

KÖCKNER PENTAPLAST WINS AWARD

Klöckner Pentaplast has won the 2007 Wyeth Award for 100 percent supplier performance.

Awarded during the Supplier Awareness Day Great Britain, Klöckner was recognised for outstanding supplier performance in 2007 based on 100 percent on-time delivery and 100 percent quality control in servicing its Havant site.

SYSTECH OPENS NEW HEADQUARTERS

Packaging execution systems innovator Systech International has opened its international headquarters in Brussels.

Systech says the new office compliments its UK-based operations and will further enable its sales and professional services teams to oversee in-region deployments.

GERRESHEIMER ANNOUNCES BOARD CHANGES

Gerresheimer AG supervisory board member Lionel Assant, a partner in Blackstone Group International has resigned.

He will be replaced by Theodor Stuth, a chartered accountant and tax adviser.
Source: packaging-technology