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Containers and Packaging

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  • Bemis meets 3Q profit forecasts Thursday, 23 Oct 2014 | 7:30 AM ET

    NEENAH, Wis. _ Bemis Co. on Thursday reported net income of $17 million in its third quarter. The average estimate of analysts surveyed by Zacks Investment Research was also for earnings of 67 cents per share. Analysts expected $1.23 billion, according to Zacks.

  • 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.

  • Oct 22- Dow Chemical Co, the No. 1 U.S. chemical maker by sales, said it was looking to cut fixed costs by $1 billion over the next three years, building on reductions that have helped boost margins. Rival Dupont has said it plans to shave off $1 billion of annual costs by 2019.. Ethane crackers in North America could maintain their cost advantage status even at $80 oil,...

  • *Adjusted profit $0.72 per share vs est $0.68. *Revenue up 5 pct at $14.41 billion. Oct 22- Dow Chemical Co reported a better-than-expected profit as margins rose for the ninth straight quarter in its plastics business, its biggest, due to low raw material costs.

  • Packaging error prompts recall of naproxen pills Tuesday, 21 Oct 2014 | 11:29 AM ET

    GREENSBORO, N.C.— A North Carolina company is recalling nearly 12,000 boxes of pain relief tablets sold at Dollar Tree stores because some cartons contain a different medication that could cause allergic reactions. Greensboro- based Contract Packaging Resources Inc. says it mistakenly placed bottles of ibuprofen inside boxes sold at Dollar Tree stores...

  • Graphic Packaging misses Street 3Q forecasts Tuesday, 21 Oct 2014 | 7:51 AM ET

    ATLANTA _ Graphic Packaging Holding Co. on Tuesday reported third-quarter net income of $53 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 20 cents per share. Analysts expected $1.1 billion, according to Zacks.

  • Packaging Corp. meets 3Q profit forecasts Monday, 20 Oct 2014 | 5:09 PM ET

    LAKE FOREST, Ill. _ Packaging Corp. of America on Monday reported earnings of $104.4 million in its third quarter. The average estimate of analysts surveyed by Zacks Investment Research was also for earnings of $1.26 per share. Analysts expected $1.5 billion, according to Zacks.

  • CHICAGO, Oct 13- The Kroger Co, the biggest U.S. supermarket operator, said on Monday it will remove the "humanely raised" claims from a store brand of chicken to settle a federal lawsuit claiming the retailer deceived consumers because the animals were raised under standard commercial farming conditions. Kroger and the lawyers for a California consumer filed a...

  • France moves to introduce plain packaging for cigarettes Thursday, 25 Sep 2014 | 11:29 AM ET

    PARIS, Sept 25- France's health ministry on Thursday unveiled tough measures geared at stamping out smoking among young people, with a planned rollout of brandless cigarette packets and curbs on advertising for electronic cigarettes.

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

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

  • AMSTERDAM/ BRUSSELS, Sept 1- Dutch brewer Heineken has agreed to sell its Mexican packaging business Empaque to Crown for $1.23 billion including debt, shedding a non-core business it acquired when entering the Mexican market in 2010..

  • Aug 25- Private equity firm Oak Hill Capital Partners said it would buy container maker Berlin Packaging LLC for $1.43 billion from Bahrain- based investment firm Investcorp Bank BSC. Chicago- based Berlin Packaging, founded in 1898, makes rigid plastic, glass and metal containers.

  • NEW YORK, Aug 6- TricorBraun Inc is planning a sale process that could value the provider of jars and bottles to the cosmetics, healthcare and food and drink industries at more than $1.3 billion, including debt, according to people familiar with the matter.

  • Aug 6- Apollo Global Management LLC said on Wednesday its second-quarter earnings fell 6 percent, missing most analysts' expectations, as it sold fewer of its private equity holdings while taxes and expenses rose. Blackstone Group LP, KKR& Co LP and Carlyle Group LP all posted bumper profits for the quarter.

  • July 29- International Paper Co, the largest corrugated box maker in North America, posted a higher-than-expected profit on Tuesday, citing slowly returning demand in the United States and Europe. For the second quarter, the company posted net income of $161 million, or 37 cents per share, compared with $259 million, or 57 cents per share, a year earlier.

  • *Strike has forced Toyota, GM, Ford to halt production. CAPE TOWN, July 16- South Africa's main manufacturing union, NUMSA, said it has agreed a plan of action to intensify a three-week strike over pay that has hit car makers and construction companies.

  • GlaxoSmithKline recalls painkiller in Puerto Rico Monday, 14 Jul 2014 | 3:12 PM ET

    GLAXOSMITHKLINE RECALLS PAINKILLER IN PUERTO RICO@. July 14- GlaxoSmithKline Plc recalled about 10,600 bottles of its painkiller sold in Puerto Rico after finding the packaging was not child-resistant as required by the Poison Prevention Packaging Act.

  • Why China said no to mega shipping pact     Tuesday, 17 Jun 2014 | 11:25 PM ET

    Jonathan Windham, Head of Asia Ex-Japan Transport and Infrastructure Research at Barclays, says China rejected an alliance of three major liners in order to protect its domestic shippers.

  • NEW YORK, June 10- Buyout firm Odyssey Investment Partners LLC is exploring a sale of Ranpak Corp that could value the company, one of the world's largest producers of protective paper packaging materials, at close to $1 billion, according to people familiar with the matter.

  • *Goodpack says in talks with one party on possible transaction. *Australia's Brambles ended talks in March to buy Goodpack. HONG KONG, May 19- KKR& Co is nearing a deal to buy Singapore's Goodpack Ltd, the world's largest maker of intermediate bulk containers which has a market value of S $1.36 billion, sources with direct knowledge of the matter said.