Latin America

ARCHDALE, North Carolina, USA -- Novamelt GmbH has acquired the remaining 49% share of Novamelt-Jowat LLC from Jowat Corporation and Jowat AG. The purchase amount was not disclosed. The wholly-owned subsidiary will now be known as Novamelt Americas LLC. The company will expand its geographic support role to include all customers in North, Central, and South America. Novamelt expanded to North America in 2005 in order to support its global customer base with local manufacturing and R&D, and to establish a direct investment presence in the US Dollar-denominated economy. Jowat Corporation was the perfect partner at that time. Jowat

MEXICO CITY (Nov. 29, 12:30 p.m. ET) -- Brazil’s hosting of the Fifa World Cup soccer tournament in 2014 and the summer Olympic Games in 2016 will help drive growth in the country’s flexible packaging market in the next five years, according to a new study. The Central and South American Flexible Packaging Market to 2015 describes the Brazilian food industry as “modern” in relation to international standards, with 40 percent of the food bought by the population of 200 million sold through supermarkets. “That demand will only increase in the run up to global, high profile events, such

Tredegar Film Products Corporation, a subsidiary of Tredegar Corporation, has acquired Terphane Holdings LLC, a manufacturer of specialty polyester films, which serves the Latin American flexible packaging market and has a specialty focus in North America and Europe. Terphane is headquartered in Brazil and is a market leading producer of thin polyester films in Latin America with a growing presence in strategic niches in the United States and Europe. Polyester films have specialized properties, such as heat resistance and barrier protection that make them uniquely suited for the fast-growing flexible packaging market. The company operates two

Packaging maker Amcor is looking to accelerate growth by expanding its presence in emerging markets, where it says it can achieve sales growth of between 10 and 15 per cent without making any new acquisitions. Amcor also said on Thursday that it expected earnings in 2012 to be substantially higher than in 2011 as a result of improvements to its operations and higher than expected benefits arising from recent acquisitions. Amcor acquired Alcan Packaging for $A2.3 billion in August 2009 and bought US plastic packaging business Ball Plastics for $US280 million

Growth was the central theme of EXPO PACK Mexico 2011, according to show owner and producer PMMI. The 26th edition of this, a premier packaging and processing trade show in Latin America, reports increases of 23 percent in visitor attendance.

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