In this episode, Lindy Hughson, Managing Editor & Publisher of PKN Packaging News is joined by Wayne Robinson, PKN Associate Editor and Editor of Print21, to provide insight, analysis and commentary on the top news stories shaping change in Australia’s dynamic packaging industry in February.
We unpack the context behind AMCOR’s 60% profit crunch and loss of 2000 jobs following post COVID destocking and decreased volumes of flexible and rigid packaging, as well as Orora’s record breaking boost in revenue for its canning operation and itsrecent purchase of Saverglass. The discussion also gives us an update to Close the Loop’s strong half year, and we review the current status and trial of soft plastics collection in supermarkets. We get an insight into Pro-Pac’s decreased sales in flexible and specialty packaging due to challenges with reduced consumer spending, post COVID destocking, and decreased agricultural volumes. As well as Pact’s decrease in revenue caused by reduced demand in Australian, New Zealand, and Chinese markets, and get an update on the recent take over bid by Raphael Geminder.
We also review IVE’s investment into a $150m-a-year folding carton operation, and the opening of Visy’s $50m upgrade to its glass recycling facility and launch of its heavyweight retail paper bag. The discussion also explores Spicer's acquisition of Signet, the partnership between Jet and Actega to provide improved sustainable packaging solutions to ANZ, and gives a sneak peak into the IPPO forum at APPEX.
We wrap up by discussing Mondelez and Amcor’s deal to increase the recycled content of Cadbury’s chocolate wrappers to 50%, Frugalpac’s paper bottle production coming to Australia, and mourn the loss of Robert Becher who was the Managing Director of Inox and a director on the APPMA Board.
LINKS:
Sponsor - Trimatt
www.trimatt.com - 03 8761 6171 - info@trimatt.com
Women in Packaging Awards
www.pknwomeninpack.com.au
2000 jobs go at Amcor as profit crunched
www.packagingnews.com.au/latest/2000-jobs-go-at-amcor-as-profit-crunched
Record can numbers boost Orora earnings
www.packagingnews.com.au/latest/record-can-numbers-boost-orora-earnings
Orora's purchase of Saverglass finalised
www.packagingnews.com.au/latest/orora-s-purchase-of-saverglass-finalised
Strong HY for Close the Loop Group
www.packagingnews.com.au/latest/strong-hy-for-close-the-loop-group
Trial for soft plastics collection underway
www.packagingnews.com.au/sustainability/trial-for-soft-plastics-collection-underway
Flexibles and Specialty sales fall at Pro-Pac
www.packagingnews.com.au/latest/flexibles-and-specialty-sales-fall-at-pro-pac
Pact half year revenues slip, EBIT rises
www.packagingnews.com.au/latest/pact-half-year-revenues-slip-ebit-rises
Geminder extends Pact offer
www.packagingnews.com.au/latest/geminder-extends-pact-offer
IVE looks to build $150m-a-year carton operation
www.packagingnews.com.au/latest/ive-looks-to-build-150m-a-year-carton-operation
Visy opens $50 million glass recycling facility
www.packagingnews.com.au/latest/visy-opens-50-million-glass-recycling-facility
Visy launches locally-made retail paper bags
www.packagingnews.com.au/latest/visy-launches-locally-made-retail-paper-bags
Spicers Group to buy Signet Packaging
www.packagingnews.com.au/latest/spicers-group-to-buy-signet-packaging
Jet and Actega partner in sustainability drive
www.packagingnews.com.au/converting-and-printing/jet-and-actega-partner-in-sustainability-drive
IPPO Forum @ APPEX
www.packagingnews.com.au/yafevent/ippo-forum-appex
Mondelez, Amcor sign deal to source 50% PCR plastic
www.packagingnews.com.au/latest/mondelez-amcor-sign-deal-to-source-50-pcr-plastic
Frugalpac paper bottle production comes to Australia
www.packagingnews.com.au/latest/frugalpac-paper-bottle-production-comes-to-australia
Vale Robert Becher: MD of Inox, APPMA director
www.packagingnews.com.au/latest/vale-robert-becher-md-of-inox-appma-director
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The PKN Podcast is produced by Southern Skies Media on behalf of PKN Packaging News, owned and published by Yaffa Media.
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MC: Grant McHerron
Host: Lindy Hughson
Producer: Steve Visscher
PKN Packaging News - © 2024
