Favourable market trends and successful business strategies have driven strong profits in Agrana’s sugar and starch segments, creating 20.2% growth for the first three quarters of 2011|12, the CEO said.
Landec Corp said rising demand for its speciality packaging products was the key driver behind it posting a significant leap in its profits and sales for the second quarter of 2012.
US packaging firm Ball will spend more than $300 million on
expanding its beverage can capacity in Europe and Asia this year,
as it closes loss-making operations in the Americas.
Aluminium giant Alcoa has agreed to sell its packaging and consumer
businesses to New Zealand's Rank Group Limited for $2.7 billion in
cash, it announced late last month.
Alcoa, the US packaging group which makes the Reynolds and Baco
food wrap brands, is to buy the Chicago-based Ivex Packaging
Corporation for around $790 million, broadening its presence in the
food packaging sector.