08/02/2007 - Auckland-based firm Carter Holt Harvey (CHH) is set to further increase its presence in the global beverage packaging sector following the acquisition of International paper’s North American beverage assets.
It was announced this month that the group had completed the purchase of International paper's North American beverage packing operations, and were interested in a further move for their remaining packaging assets.
As a result, CHH will take control of a number of production facilities throughout the US and Canada including International Paper's gable-top beverage converting facilities and the Evergreen packaging company.
Along with its North American operations, International Paper also owns beverage packaging subsidiaries in China, South Korea and Taiwan, and a number of joint ventures in Latin America, Israel, and Saudi Arabia.
Though these assets are not included with the current deal, International Paper added that it expected they would be sold to CHH at a later date during the first financial quarter.
The sale highlights the growing appetite amongst Asia Pacific companies to enter into the dynamic US and European beverage packaging industry.
Last year, Australian firm Amcor revealed that it had managed to offset declining revenues from its cardboard operations through increased sales of its beverage products in the US and Europe.
This saw the group - which is already the world's largest producer of plastic bottles - increase its sales throughout the sector.
Of this increase, aluminium beverage cans proved a particularly strong segment with sales rising 6 per cent, though the company also reported strong sales of glass wine bottles which also performed well.
Source: ap-foodtechnology.com
Note: You are receiving this message as a service from CBAS Cluster Marketing, updating key personnel within the CBAS organization of new and exciting developments within the packaging industry. If you would like to discontinue receiving this particular update via email from CBAS Cluster Marketing, simply reply to this message with the word 'unsubscribe' in the subject line. Additionally, if you are a supervisor/director and feel that there are additional individuals within your department/team that should receive this update, please inform us accordingly.
Best regards,
Areerat Wongsa-oun
Secretary to Director Marketing and Business Development
Cluster Marketing CBAS
Phone direct +66-2259-9954-(118)
areerat.wongsa-oun@sig.biz
SIG Combibloc Ltd.
10th Floor, UBC II Building, 591 Sukhumvit 33
Bangkok 10110, Thailand
Phone +66-2259-9954, Fax +66-2259-9962
www.sigcombibloc.com
No comments:
Post a Comment