Packaging and paper group Mondi plc. Monday said it is acquiring ZAO Uralplastic-N from Joint Stock Company Rusnano and a private investor. The deal is expected to be complete in July 2016.
Uralplastic, with revenues of 29.2 million euros and adjusted EBITDA of 4.7 million euros in the last year, operates one plant near Ekaterinburg, in the Ural region of Russia and manufactures a range of consumer flexible packaging products for food, hygiene, homecare and other applications.
Source: RTT News
Over 110 organisations from across Europe’s plastics value chain have united to deliver an Industry Statement to officials at the European Commission’s Directorate-General for Environment (DG-ENV), calling to ‘close the gap’ between virgin and recycled plastic prices.
Nouryon (Amsterdam, the Netherlands) has opened its newest innovation center in Shanghai, China, a state-of-the-art facility designed to strengthen the company’s commitment to localized innovation, customer co-development and sustainable growth in China and across the Asia Pacific region.
Air Products (Leigh Valley, Pennsylvania) has announced the formation of a new senior management board as well as changes across its current leadership team. Chairman, president and CEO Seifi Ghasemi will lead the new 11 executive-member board.
