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Materials and Metals Containers and Packaging

  • The suit amended earlier this month in federal court on behalf of a Los Angeles man said the events planned over two weekends were "nothing more than a get-rich-quick scam" akin to a Ponzi scheme that put the lives— and small fortunes— of thousands of participants in jeopardy. In the amended complaint filed in U.S. District Court, Geragos said 300 people had...

  • WASHINGTON, April 21- The U.S. International Trade Commission has made affirmative determinations in its preliminary phase anti-dumping and countervailing duty investigations of aluminum foil from China, the agency said on Friday. The USITC voted for continued investigations into whether aluminum foil imports from China were being dumped or subsidized,...

  • LONDON, April 12- Britain's Supreme Court has denied the tobacco industry permission to appeal a new plain packaging law, meaning that from next month, as planned, all tobacco products sold in the United Kingdom will have dark brown packaging and no branding. The decision, announced by the court on Wednesday, is in line with an earlier decision made last year that...

  • April 11- Loews Corp, a hotel, energy and financial services conglomerate, said it would buy plastic packaging manufacturer Consolidated Container Co from Bain Capital Private Equity for about $1.2 billion. Consolidated Container, which provides packaging solutions for beverages, food and household chemicals, will become a part of a newly created segment...

  • April 11- Loews Corp, a hotel, energy and financial services conglomerate, said on Tuesday it would buy plastic packaging manufacturer Consolidated Container Co from Bain Capital Private Equity for about $1.2 billion. The deal is expected to be funded with about 50 percent cash on hand and 50 percent debt, Loews said in a statement. It will be a part of a...

  • DUBLIN, March 15- Packaging company Ardagh Group surged 19 percent in its New York debut on Wednesday, valuing the firm at about $5.3 billion after it raised $307.8 million in an initial public offering to help to pay down debt. Shares in the Luxembourg- based supplier of glass and metal containers hit $22.55 at 1622 GMT, 19 percent above their $19 IPO price.

  • *Australia faces gas shortage despite exports soaring. SYDNEY, March 15- Australia's top gas producers, led by ExxonMobil Corp and Royal Dutch Shell, agreed to boost supply to the country's domestic market to help avert an energy shortage following crisis talks with Prime Minister Malcolm Turnbull. Australia's power supply problems made international...

  • *Australia faces gas shortage despite exports soaring. SYDNEY, March 15- Australian Prime Minister Malcolm Turnbull turned up the heat on Australia's top gas producers, led by ExxonMobil Corp and Royal Dutch Shell, on Wednesday ahead of crisis talks about a shortage in the domestic market. "It is not acceptable for Australia... to not have enough gas for its own...

  • *Australia faces gas shortage despite exports soaring. SYDNEY, March 15- Australia's top gas producers, led by ExxonMobil Corp and Royal Dutch Shell, are set to come under fire to supply more gas to the local market and curb soaring prices in crisis talks on Wednesday with Prime Minister Malcolm Turnbull. The meeting comes days after Australia's energy market...

  • DUBLIN, March 14- Packaging conglomerate Ardagh Group on Tuesday priced its long-awaited initial public offering at $19 per share in a listing of around 7 percent of the company on the New York Stock Exchange. The Luxembourg- based supplier of glass and metal containers, controlled by Irish billionaire Paul Coulson, had announced- and then delayed- a stock market...

  • March 10- The United States has launched a trade case accusing Chinese aluminum foil producers of dumping product and damaging its domestic industry, the first such case since the inauguration of U.S. hurting global prices World Trade Organization,. U.S. Aluminum Association filed a trade case accusing Chinese aluminum foil producers of dumping product and...

  • The Aluminum Association filed antidumping and countervailing duty petitions with the Department of Commerce and the International Trade Commission charging that unfairly traded imports of certain aluminum foil from China are causing material injury to the domestic industry. The action was part of the industry's broad trade strategy to address...

  • The Aluminum Association filed antidumping and countervailing duty petitions with the Department of Commerce and the International Trade Commission charging that unfairly traded imports of certain aluminum foil from China are causing material injury to the domestic industry. The action was part of the industry's broad trade strategy to address...

  • DUBLIN, March 6- Packaging conglomerate Ardagh Group launched a long-awaited initial public offering late on Monday, as it sought to raise as much as $370 million by floating around 7 percent of the company on the New York Stock Exchange. The Luxembourg- based supplier of glass and metal containers, controlled by Irish billionaire Paul Coulson, has announced- and...

  • FRANKFURT, March 2- German consumer products group Henkel has made a binding offer to buy Darex Packaging Technologies from GCP Applied Technologies for $1.05 billion. "However, we need more information with regards to profitability and growth potential of this seemingly very attractive business to fully judge the acquisition price," Baader Helvea analyst...

  • FRANKFURT, March 2- German consumer products group Henkel said it had submitted a binding offer to buy the global Darex Packaging Technologies business from GCP Applied Technologies for $1.05 billion on a cash and debt free basis. The bolt-on acquisition would add a business to Henkel's adhesives division that makes sealants and coatings used by...

  • FRANKFURT, March 2- German consumer products group Henkel said it had submitted a binding offer to buy the global Darex Packaging Technologies business from GCP Applied Technologies for $1.05 billion on a cash and debt free basis. In connection with this binding offer, GCP will begin consultations with workers' representatives, Henkel said in a statement on...

  • Wal-Mart launched the price test across 11 Midwest and Southeastern states such as Iowa, Illinois and Florida, focusing on price competition in the grocery business that accounts for 56 percent of the company's revenue, said vendor sources with direct knowledge of the matter who did not wish to be identified for fear of disrupting business relations with...

  • DUBLIN, Feb 23- Packaging conglomerate Ardagh Group is well advanced with plans to launch an initial public offering and intends to float on the New York Stock Exchange later this quarter, chairman Paul Coulson said on Thursday. The Luxemburg- based supplier of glass and metal containers, controlled by Irish billionaire Coulson, said last year that it planned to...

  • TORONTO, Feb 22- Canada's main stock index fell on Wednesday, pulling back from a record high hit the day before, as lower commodity prices weighed on shares of energy and materials companies and domestic retail sales fell the most in nine months. At 11:03 a.m. ET, the Toronto Stock Exchange's S&P/TSX composite index fell 43.87 points, or 0.28 percent, to 15,878.50.