Latest Packaging Sector News

Delorean Corporation has teamed up with Paper Australia (Opal) to explore a renewable energy project at the Maryvale Paper Mill, aiming to convert organic waste into green gas and electricity through anaerobic digestion.

Pro-Pac Packaging has entered voluntary administration, leading to the redundancy of its CEO and an extended timeline for creditor meetings in Australia and New Zealand.

Pro-Pac Packaging has entered voluntary administration, securing relief to defer its financial reporting and annual general meeting obligations for up to two years. This move pauses key corporate governance duties as the company navigates its restructuring.

Pro-Pac Packaging Limited has appointed voluntary administrators as it confronts financial distress, initiating a process to stabilise operations and explore strategic options including sale or recapitalisation.

Pro-Pac Packaging is progressing a strategic review involving potential asset sales and liquidity support, with ASX trading suspension imminent pending financial disclosures.

Zoono Group Limited has raised an additional A$992,000 through a shortfall placement, boosting its working capital to support global expansion of its shelf-life extension technology. The company also linked CEO share incentives to ambitious sales targets, signaling confidence in growth prospects.

Pact Group Holdings Ltd has requested suspension of its shares from ASX trading as it prepares for removal from the official list, signaling a major shift for investors.

Pact Group Holdings confirms its voluntary delisting from the ASX effective mid-July, alongside a provisional FY25 trading update showing slight revenue growth driven by its Materials Handling segment.

Pact Group Holdings has completed a $775 million refinancing of its senior and subordinated debt, extending maturities and reducing near-term refinancing risk while maintaining growth capacity.

Orora Limited has unveiled a strategic update highlighting robust growth in its beverage packaging segments, underpinned by strong cans volume expansion and targeted glass network optimisations. The company projects steady earnings and disciplined capital allocation through FY25 and beyond.

A significant shareholder has lodged an application with the Takeovers Panel challenging Pact Group Holdings’ proposed delisting from the ASX, alleging misleading reasons and coercion of minority investors.

An application to the Takeovers Panel challenges Pact Group Holdings’ planned ASX delisting, citing concerns over shareholder disadvantage and selective disclosure.