Mondi has completed the acquisition of a control position in Suez Bags Company S.A.E ("Suez Bags") for EGP26.01 per share, which implies an equity value of EGP284 million (Euro 13.6 million) on a 100% basis. Mondi now owns 96% of the company.
The bio-based material used to replace fossil-based plastic is made from spruce and sugarcane, which reduces the carbon footprint of the products by up to 80%. The innovative products contain 98% bio-based material.
The U.S. government's latest trade attack on the B.C. forest industry is not only threatening jobs in B.C.'s pulp and paper business, it's pushing struggling U.S. newspapers to make further cuts.
Sonoco announced the expansion of its environmental and social stewardship initiatives to include commitments to achieve greater packaging sustainability and recycling in support the food industry's efforts to reduce global food waste.
