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Materials and Metals Containers and Packaging

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  • MONTREAL, May 1- A United Nations civil aviation-led panel on Friday called for improved, fire-resistant packaging to ship lithium batteries, which pilots and plane makers say pose a fire risk. The International Civil Aviation Organization's dangerous goods panel agreed this week to set up a group of experts to develop safer packaging for the transport of...

  • MEXICO CITY, April 30- Mexican retailer and bottling company Femsa on Thursday said its first-quarter profit rose 26 percent compared with a year earlier, boosted by store openings in its retail division and a one-time gain from its stake in Heineken. The company, which co-owns Coke bottler Coca-Cola Femsa and operates the Oxxo chain of convenience stores,...

  • The FDA issued the guidelines to help clarify what changes require regulatory approval under the 2009 Tobacco Control Act. The guidelines go far beyond that authority, the plaintiffs said, by requiring FDA authorization to make any labeling changes that would render a product already on the market "distinct," like a name change. Although the FDA has framed the...

  • CARACAS, March 13- Venezuela said on Friday it has started the process of filing for the annulment of an award that orders the South American country to pay U.S. bottle maker Owens-Illinois $455 million in compensation for nationalizations. Seeking an annulment will automatically stay the award, Venezuela added, buying the cash-strapped OPEC nation time as it...

  • CARACAS, March 12- U.S. bottle maker Owens-Illinois said on Thursday it had been awarded over $455 million in a nationalization claim against Venezuela, though a lawyer for the South American country said it was likely to seek an annulment. "If Venezuela fails to meet its obligations, OIEG will seek to enforce the award against Venezuela's assets around the world...

  • CARACAS, March 12- U.S. bottle maker Owens-Illinois said on Thursday it had been awarded over $455 million in an arbitration claim against Venezuela for the nationalization of its subsidiary's operations in 2010.. "If Venezuela fails to meet its obligations, OIEG will seek to enforce the award against Venezuela's assets around the world or find alternative...

  • DUBLIN, March 3- Ireland on Tuesday became the second country in the world to pass legislation requiring cigarettes to be sold in plain packets, despite threats of legal action by tobacco companies opposed to the move. Japan Tobacco International and Imperial Tobacco Group have said they would take legal action against the plan to ban the colourful logos used...

  • Irish parliament passes plain tobacco packaging law Tuesday, 3 Mar 2015 | 12:41 PM ET

    DUBLIN, March 3- Ireland's parliament on Tuesday became the second in the world to pass legislation requiring cigarettes to be sold in plain packets, despite threats of legal action by tobacco companies opposed to the move. Japan Tobacco International and Imperial Tobacco Group have announced they would take legal action against the move to ban the colourful...

  • LONDON, Feb 26- British American Tobacco, the world's second-largest cigarette maker, said on Thursday it would take action against the UK government if it enacts a plan to put cigarettes in "plain packaging". The UK parliament is expected to vote on regulations to ban branding on cigarette packs before it is dissolved on March 30, in preparation for the general...

  • SYDNEY, Feb 26- Australian Prime Minister Tony Abbott backed plans on Thursday to introduce country-of-origin labelling in the wake of a hepatitis A outbreak, potentially risking contravention of World Trade Organization rules. Australia was among plaintiffs against the United States after it introduced its own stronger country-of-origin labelling...

  • Feb 19- U.S. drinks can maker Ball Corp agreed to buy British rival Rexam Plc in a sweetened 4.43 billion pounds deal, creating an industry giant that can better manage capital spending and costs as aluminium premiums rise. "If you want global supply and global prices, you need a Rexam plus Ball, because neither Rexam nor Ball individually are global," said Jefferies&...

  • Feb 19- U.S. drinks can maker Ball Corp agreed to buy British rival Rexam Plc in a sweetened 4.43 billion pounds deal, creating an industry giant that can better manage capital spending and costs as aluminium premiums rise. Shares in Rexam, which makes cans for Coca-Cola Co and Anheuser-Busch InBev, rose more than 6 percent to 571.5 pence in early trading before...

  • DUBLIN, Feb 17- Ireland is to proceed with plans for a law requiring tobacco companies to sell cigarettes in plain packets, legislation that has prompted a threat of legal action from Japan Tobacco International. Ireland said in 2013 it wanted to become the first country in the European Union to ban branding on cigarette packages. Australia introduced a ban a few...

  • Feb 5- British drinks can maker Rexam Plc said it is in talks to be bought by U.S. rival Ball Corp for 4.3 billion pounds, a deal that would form an industry giant better equipped to withstand rising aluminium costs. Rexam said it had received a proposal from Broomfield, Colorado- based Ball valuing it at 610 pence per share. Rexam's London- traded shares closed...

  • Feb 5- Specialty chemical manufacturer W.R. Grace& Co said it would split into two companies in a tax-free transaction to shareholders, driving up its shares by as much as 15 percent. W.R. Grace, which emerged from one of the longest U.S. bankruptcies in 2013, said the split would improve its strategic focus, simplify operations and allow for better use of capital.

  • Feb 5- Shares in Rexam Plc, the world's second-largest beverage can maker by revenue, rose as much as 12 percent after two UK newspapers reported there was market chatter about U.S. private equity firms' potential interest in the company. The Independent said on Thursday there were rumors that Rexam was a potential takeover target for U.S. private equity firms.

  • International Paper misses 4Q profit forecasts Wednesday, 28 Jan 2015 | 11:32 AM ET
    An International Paper Co. employee stacks corrugated boxes on the floor of the company's factory in Mt. Carmel, Pennsylvania.

    International Paper on Wednesday reported fourth-quarter earnings of $134 million.

  • The Container Store frustrated by mid-year traffic Monday, 12 Jan 2015 | 3:27 PM ET
    The Container Store frustrated by mid-year traffic

    Newly elected to NRF's board of directors, Kip Tindell, The Container Store CEO, discusses trouble with traffic in stores in Q2 and Q3. National Retail Federation CEO Matthew Shay, weighs in.

  • Dow Chemical to cut $1B in costs over 3 years Wednesday, 22 Oct 2014 | 1:16 PM ET

    Dow Chemical said it was looking to cut fixed costs by $1 billion over the next three years, building on reductions that have helped boost margins.

  • Seaspan CEO: Global shipping is improving Sunday, 14 Sep 2014 | 11:41 PM ET
    Seaspan CEO: Global shipping is improving

    Gerry Wang, CEO of Seaspan, describes how the shipping industry has fared amid the global economic recovery.