Top Industry Leaders in the Corrugated Boxes Market
Corrugated Boxes Market
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October 2023- Visy, a leading packaging and resource-recovery company, has announced the opening of a new corrugated cardboard box facility in Hemmant, Queensland, Australia. With a capacity to produce nearly one million boxes per day, the new A$175m (USD111m) factory will manufacture cardboard boxes for food and beverage companies, as well as farmers and growers in Queensland.
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October 2023- JK Paper gains on board nod to acquire Manipal Utility Packaging Solutions. JK Paper has received board approval for the acquisition of Manipal Utility Packaging Solutions for Rs 88.7 crore. The said acquisition is expected to be completed within six weeks of the execution of a Share Purchase Agreement (SPA) with the target entity. Shares of JK Paper were up 1 percent to Rs 400.80 in the early trade on October 17 after the company's board approved the acquisition of Manipal Utility Packaging Solutions Private Limited. JK Paper entered into a share purchase agreement (SPA) for the acquisition of 100 percent (4.07 crore equity) shares of Manipal Utility Packaging Solutions Private Limited (MUPSPL), the company said in its release. MUPSPL is engaged in the business of manufacturing packaging products like folding cartons, corrugated boxes, and labels with four manufacturing plants across the country and had a revenue of Rs 147.77 crore for FY 2022-23, Rs 121.14 crore in FY 2021-22 and Rs 1 14.92 crore in FY 2020-21, it added. There is no governmental or regulatory approvals are required for the said acquisition of shares, which will be done for cash consideration.
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November 2023 The Smurfit Kappa Group, a corrugation industry leader, has opted to grow the corrugated market by establishing an e-commerce packaging laboratory.
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October 2020 Klabin S.A. acquired the corrugated board and paper for packaging units from International Paper in Brazil in March for USD 330.00 million, received antitrust permission, and began operations. This advancement aided the company's revenue and production capacity of corrugated items in the market.
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June 2023 WestRock Company announced that it would be acquiring Greenfield Packaging for $1.6 billion. Greenfield is a leading manufacturer of corrugated packaging products in North America
List of the Key Companies in the Corrugated Boxes Market include:
- Mondi Group Plc (South Africa)
- International Paper Company (U.S.)
- WestRock Company (U.S.)
- DS Smith Plc (U.K.)
- Smurfit Kappa Group (Ireland)
- Rengo Co. Ltd. (Japan)
- Cascades Inc. (Canada)
- Packaging Corporation of America (U.S.)
- Georgia-Pacific LLC (U.S.)