Yonwoo to enter new packaging sectors with US$53.4 million raised via IPO
Yonwoo is set to enter the pharmaceutical and household goods packaging markets with the help of US$53.4 million raised by an initial public offering. The South Korean cosmetics packaging molder is also planning to extend its research capabilities. The company, which...
Global anti-counterfeit pharma and cosmetics packaging market expected to grow by 15.7 percent by 2020
The anti-counterfeit pharmaceutical and cosmetics packaging market is projected to grow at a compound annual growth rate of 15.7 percent during 2015-2020, according to a new report by US research firm, Allied Market Research. The report predicts that hologram...
Australian flexible packaging manufacturer Amcor expands foothold in China with new acquisition
Australian flexible packaging manufacturer Amcor has expanded its footprint in China with the acquisition of Southern China-based packaging firm, Zhongsan Tiancai Packaging Company. The acquisition brings Amcor’s total number of manufacturing plants in China up to ten...
Global market for sustainable plastics bio-polyamides expected to reach US$220.6m by 2022
The global bio-polyamide market is expected to reach US$220.6m by 2022, according to a new report by Grand View Research. The market is predicted to register a compound annual growth rate (CAGR) of 12.2 percent between 2015 and 2022 due to growing demand for...
Global plastic packaging market is predicted to be worth US$370.25bn by 2020
The global plastic packaging market is predicted to be worth US$370.25bn by 2020, according to a new report. The report by Transparency Market Research covers plastic packaging across a range of sectors including personal care, food and beverage, industrial, household...
AmorePacific considers patent lawsuit against L’Oreal Korea
AmorePacific, South Korea’s leading cosmetics firm, revealed on Tuesday that it is considering legal action against Lancôme over a possible patent infringement of its signature air cushion compact. Officials from AmorePacific said the company would decide whether to...
Packaging manufacturer Essel Propack targets new markets by opening plant in China
Leading packaging manufacturer Essel Propack has opened a new plant in Suzhou, eastern China to target the fast-moving consumer goods and cosmetics markets in Middle East, Africa and China. Essel Propack, part of the Essel Group, valued at US$2.4 billion, specialises...
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