Amcor announces today an agreement to acquire the flexible packaging operations of Jiangsu Shenda Group for RMB350 million. The purchase price represents 8.0 times CY2012 EBITDA. Returns, measured as EBIT to funds employed, are expected to be over 20% by CY2016 underpinned by cost synergies and continued strong organic growth in the Chinese market.
The grace period for Makati City Ordinance No. 2003-095 has ended. This ordinance bans the use, sale and distribution of plastics that are non-biodegradable. To help manufacturers comply with the city ordinance ENSO Plastics announces two new biodegradable technologies for the Philippines market – ENSO RENEW and ENSO RESTORE.
Winners announced during inaugural ceremony at EastPack
New LittleFoot(TM) Family of 100% Compostable Packaging Barrier Products Wins Highest Honor for Sustainability Innovation
Huhtamäki Oyj’s Sustainability Report for 2012 has been published in Finnish and English on the Company website at www.huhtamaki.com. The report is published as an interactive PDF.
Pursuant to article 82 of Act 24/1988 of July 28th on Stock Exchange Markets and further to the successive Relevant Events published by the Company in relation to the debt renegotiation process it is hereby informed that:
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