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PISCATAWAY, N.J., Jan. 14, 2025 /PRNewswire/ -- GenScript Biotech Corporation has unveiled an innovation in shipping packaging, propelling GenScript towards achieving their ambitious sustainability goals. The new packaging replaces plastic with 100% recyclable paper materials, reducing waste by 82% and lowering annual carbon emissions by 5.14 tons, equivalent to the CO2 absorbed by ~250 trees. The redesigned packaging also eliminates foam, relying on paper's structural strength, which is recyclable, minimizing the carbon footprint and waste compared to foam. The ink used in the printing is water-based, which is biodegradable and non-toxic, reducing waste and ecological impact. Sherry Shao, Rotating CEO said: "GenScript is committed to corporate social responsibility. Our sustainable packaging program is a testament to our proactive approach in managing our environmental impact and empowering our customers to meet their environmental goals. We will continue to collaborate with all our partners to improve our supply chain and create a sustainable future for all." The new packaging has passed various tests, including low-temperature shipping tests between multiple continents ensuring that shipping quality and outcomes will remain high. The new packaging has received positive customer feedback during preliminary testing. GenScript has upgraded 80% of its shipping boxes, with plans to upgrade all types. In 2023, GenScript joined the United Nations Global Compact (UNGC) and integrated the UNGC principles into our strategic planning. In 2024, we received a bronze rating from EcoVadis for our environmental, social and governance practices. We also joined the Science-Based Targets initiative (SBTi) and submitted our emissions reduction targets, expecting SBTi's validation this year. The packaging program is part of our initiatives to achieve our net zero ambition by 2050. About GenScript Biotech Corporation Founded in 2002 in New Jersey, GenScript Biotech Corporation accelerates innovation in healthcare and consumer goods by providing researchers and companies with the building blocks needed to develop groundbreaking treatments and products. Guided by its mission to Make People and Nature Healthier Through Biotechnology, and its role as a trusted global leader, GenScript has a team of over 5,000 employees and has served more than 200,000 customers across 100 countries. Learn more here: https://www.genscript.com
ZURICH, Dec. 30, 2024 /PRNewswire/ -- Amcor (NYSE: AMCR, ASX: AMC), a global leader in developing and producing responsible packaging solutions, announced today it completed the sale of its 50% interest in Bericap North America (BCNA) for $122 million on December 27, with the proceeds used to reduce debt. Amcor completed the sale of its 50% interest in Bericap North America (BCNA) for $122 million, with the proceeds used to reduce debt. Fiscal 2024 total sales for the joint venture were approximately $190 million and adjusted EBIT was approximately $19 million, both of which were previously fully consolidated under Amcor's Rigid Packaging business. Adjusted net income attributable to Amcor for fiscal 2024 was approximately $8 million. Net of the resulting reduction in interest expense, the transaction is not expected to have an impact on Amcor's financial outlook for fiscal 2025. About Amcor Amcor is a global leader in developing and producing responsible packaging solutions across a variety of materials for food, beverage, pharmaceutical, medical, home and personal-care, and other products. Amcor works with leading companies around the world to protect products, differentiate brands, and improve supply chains. The Company offers a range of innovative, differentiating flexible and rigid packaging, specialty cartons, closures and services. The company is focused on making packaging that is increasingly recyclable, reusable, lighter weight and made using an increasing amount of recycled content. In fiscal year 2024, 41,000 Amcor people generated $13.6 billion in annual sales from operations that span 212 locations in 40 countries. NYSE: AMCR; ASX: AMC www.amcor.com I LinkedIn I YouTube
Kimberly-Clark Expanding Investments in India BENGALURU, India, Dec. 26, 2024 /PRNewswire/ -- Kimberly-Clark, a global leader in essential personal and family care products, continues to increase its commitment to India through its Global Digital Technology Center (GDTC) in Bengaluru. Kimberly-Clark's Digital Technology global leadership team and India GDTC team in Bengaluru Established in 2018 with an initial investment of $2.5 million, the Bengaluru GDTC has seen remarkable growth, expanding its size by eight times in just five years. The center focuses on key areas and digital capabilities such as Data and Analytics, Artificial Intelligence (AI) including Generative AI, Machine Learning (ML), Cloud Transformation, Global Digital Operations & Automation, Digital Sales and Marketing, and Digital Supply Chain – all of which help drive efficiencies and improve customer experiences. Over the next three years, the GDTC plans to continue its expansion, focusing on advancing AI/ML capabilities and developing innovative digital solutions to boost operational efficiency and customer engagement. These capabilities further enhance Kimberly-Clark's ability to deliver on its global Powering Care strategy – shared earlier this year – and, in turn, strengthen its longstanding commitment to consumer-centricity. While the Bengaluru GDTC is driving Kimberly-Clark's technological advancements, it's also contributing to India's broader tech and innovation ecosystem. By collaborating with local startups, academic institutions, and industry partners, the center aims to foster cutting-edge solutions. "Our Bengaluru GDTC is a testament to Kimberly-Clark's deep-rooted commitment to innovation and the immense breadth of Indian talent," said Zack Hicks, Chief Digital and Technology Officer, Kimberly-Clark. "In just five years, the center has evolved into a key growth engine for our digital strategies, delivering AI-powered commercial and supply chain solutions, and pioneering advancements in modern manufacturing. Looking ahead, we remain focused on further investing in India, leveraging the country's outstanding talent and technological expertise to shape the future of Kimberly-Clark and pioneer industry-leading innovation in our core categories." The integration of data and advanced analytics is at the core of the Bengaluru GDTC's success. By leveraging AI/ML algorithms built on their enterprise data lake, the team is also optimizing sales predictions, refining pricing strategies for e-commerce, and automating routine tasks such as order entry and invoice processing. In 2024, efforts in Gen AI platforms originating from the GDTC improved the employee productivity by up to 25%, and the development of AI-powered sales and revenue analytics drove a 10% improvement in sales execution across regions like Europe, the Middle East, and Africa. These innovations not only streamline operations and reduce costs but also boost accuracy and efficiency. One of the center's major achievements is the development of Maestro, an AI-powered supply chain orchestration platform that has delivered more than $20 million in global savings for Kimberly-Clark. Another transformative innovation is the Warehouse Automation Platform, which seamlessly integrates warehouse robotics with supply chain systems, reducing new solution deployment timelines from 18 months to 4 months, and generating savings exceeding $50 million. The GDTC's collaborative efforts have also resulted in the creation of Procuree 3.0, an inhouse Source-to-Pay chatbot powered by Generative AI that enhances Kimberly-Clark's procurement processes across 42 countries and 14 languages. Recently, the GDTC held its third Digital Hackathon under the theme 'UNLOKC 2024,' bringing together Kimberly-Clark employees and technology partners to develop digital solutions that contribute to business opportunities in areas such as supply chain, marketing, and finance. Over 130 innovative ideas were submitted within four weeks, and the 7 project finalists were awarded by the Digital Technology global leadership team during the Hackathon's final event in Bangalore. These finalists will receive support to develop their projects in the near future. As Kimberly-Clark's largest technology hub, the Bengaluru GDTC is positioned to remain a critical driver of growth and innovation on a global scale. With plans to continue attracting top-tier talent and expanding its technological capabilities, the center is set to play a pivotal role in shaping the future of the company and its global tech ecosystem. About Kimberly-Clark: Kimberly-Clark (NYSE: KMB) and its trusted brands are an indispensable part of life for people in more than 175 countries. Fueled by ingenuity, creativity, and an understanding of people's most essential needs, we create products that help individuals experience more of what's important to them. Our portfolio of brands, including Huggies, Kleenex, Scott, Kotex, Cottonelle, Poise, Depend, Andrex, Pull-Ups, GoodNites, Intimus, Plenitud, Sweety, Softex, Viva and WypAll, hold No. 1 or No. 2 share positions in approximately 70 countries. We use sustainable practices that support a healthy planet, build strong communities, and ensure our business thrives for decades to come. We are proud to be recognized as one of the World's Most Ethical Companies(R) by Ethisphere for the sixth year in a row and one of Fortune's Most Innovative Companies in America in 2024. To keep up with the latest news and to learn more about the company's 150-year history of innovation, visit the Kimberly-Clark website.
TAIPEI, Dec. 26, 2024 /PRNewswire/ -- A news report from Business Next Media Group: Green Tech Accelerator joined Taiwan Startup Night at 2024 GITEX Expand North Star Green Tech Accelerator partners with startups to focus on textile waste recycling, circular packaging, and smart driving solutions selected from Taiwan. Leveraging technology innovations and international markets, Green Tech Accelerator helps industries achieve carbon reduction goals and move toward a more sustainable future. Textile Recycling Innovation: Circulating Waste into Treasure Strongwises: Turning Textile Waste into Sustainable Building MaterialsStrongwises transforms old clothes into eco-friendly building materials called " E F Wood " that can be used for roofs and flooring. The company has successfully entered the international market and partnered with McDonald's to recycle old clothes and plastic containers to create circular wooden walkways. With the support of Green Tech Accelerator, the team has secured grants, technical certifications, and market expansion opportunities, including plans to establish a demonstration site in Singapore to promote applications of the circular economy further. Pade: Optical Technology for Precision Textile SortingPade applies optical technology to solve the challenge of sorting used clothes, significantly improving recycling rates. After joining Green Tech Accelerator, the team gained knowledge of carbon reduction and international exhibition opportunities. They have extended their technology to smart recycling bins and handheld sorting devices, aiming to accelerate the development of a textile circular economy from the upstream recycling process. New Circular Packaging Solutions: Reducing Waste and Expanding International Markets PackAge+: Circular Packaging Supply ChainPackAge+ specializes in circular packaging technology, assisting corporations like TSMC in reducing carbon emissions and integrating results into ESG reports. With Green Tech Accelerator's support, the team successfully entered the Middle Eastern market and launched Series A funding. They plan to enhance B2B applications and implement the circular economy solution in practical scenarios. Renouvo: Agricultural Waste Transformed into Eco-Friendly ProductsRenouvo converts agricultural waste like sugarcane bagasse and coffee grounds into biodegradable straws and utensils, using green energy to minimize their carbon footprint. With exports to Europe accounting for 80% of their sales, Green Tech Accelerator helped the team access the Middle Eastern market and refine their "negative carbon" concept. They plan to introduce waterproof sugarcane bags to replace plastic bags in the food industry. Smart Driving Solution: Autonomous Services with Reduced Labor and Carbon Emission Turing Drive: Automation for Energy Efficiency and Carbon ReductionTuring Drive provides autonomous driving and operations management systems, applicable in ports, scenic areas, and more. These systems enhance efficiency and reduce carbon emissions. Working with Green Tech Accelerator, the team quantified carbon reduction impacts with data, successfully entered the Japanese market, and partnered with local transportation companies, showcasing the global competitiveness of their technology. Looking ahead, Green Tech Accelerator will continue to drive the adoption of carbon reduction solutions across key industries, connecting with global net-zero trends and resources, and integrating diverse green technologies for maximum impact. In alignment with policies promoting industry transformation, greenhouse gas reduction, and sustainable production, our collaborative efforts will not only deploy energy-saving and carbon-reducing technologies at practical demonstration sites but also empower supply-side startups to optimize their business models and value propositions, and enhance their marketing and R&D capabilities. For demand-side clients, we will provide robust carbon management strategies, comprehensive ESG resources, green supply chain certification, and a strong foundation for future carbon credit development. Green Tech Accelerator aims to establish an industry co-creation platform to reshape the value proposition of startups, providing economic solutions for clients and assisting SMEs in reducing carbon emission. This initiative connects with the global green technology ecosystem and extends carbon reduction benefits to the supply chain. Green Tech Accelerator will continue to promote co-creation between startups and industries to achieve green and sustainable development.
Agreement reached on acquisition of Sonoco's TFP business as TOPPAN Group accelerates expansion of sustainable packaging business in Americas TOKYO, Dec. 19, 2024 /PRNewswire/ -- TOPPAN Holdings Inc. (TYO: 7911) (TOPPAN Holdings) has entered into an agreement with Sonoco Products Company (NYSE: SON) (Sonoco), a global leader in high-value sustainable packaging, to acquire Sonoco's Thermoformed & Flexible Packaging (TFP) business for approximately $1.8 billion on a cash-free and debt-free basis and subject to customary adjustments. This acquisition is highly complementary, combining the robust sales network, customer base, and solution development capabilities of Sonoco's TFP business in North and South America with the technical expertise and manufacturing capabilities of TOPPAN Group's global packaging business. Sonoco's TFP is a leading thermoformed and flexible packaging business serving a wide range of customers in food, retail, and medical verticals. TFP provides a variety of complex packaging to value-added categories including snacks, condiments, healthcare, prepared meals, fresh products, coffee, and pet food. On a pro forma standalone basis, TFP had revenue of approximately $1.3 billion in 2023. "We are extremely pleased to have the opportunity to bring Sonoco's TFP business to the TOPPAN Group. In order to accelerate our strategy to become a global leader in sustainable packaging solutions, we will employ the complementary strengths of both parties to drive growth, solve customers' needs and create significant value for our shareholders," said Hideharu Maro, Representative Director, President & CEO of TOPPAN Holdings. "This is an essential milestone in the TOPPAN Group's global strategy to scale the sustainable packaging business." This transaction is subject to customary closing conditions, including regulatory approvals, and is expected to close in the first half of 2025. The TOPPAN Group's Strategy The TOPPAN Group aims to be a leading solution provider addressing global issues. Under the current medium-term-strategy, the TOPPAN Group has been transforming its portfolio, and one of its key strategies is to drive sustainable packaging solutions at global scale. The vision of the TOPPAN Group's packaging business is "Change the World through Packaging Innovation," and its mission is to "Foster a society focused on well-being and sustainability, while safeguarding our planet for future generations, through the continuous development of innovative packaging solutions that explore cutting-edge materials and technologies." The TOPPAN Group has been driving innovation in the development of sustainable packaging solutions by establishing a global supply chain from film manufacturing to packaging manufacturing and optimizing cost to meet brand owners' needs locally and globally. Advisors Houlihan Lokey is acting as lead financial advisor and Morrison & Foerster LLP is acting as legal advisor to TOPPAN. Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. is also acting as financial advisor to TOPPAN. Goldman Sachs & Co. LLC is acting as lead financial advisor and Freshfields LLP is acting as legal advisor to Sonoco. RBC Capital Markets, LLC is also acting as financial advisor to Sonoco. About the TOPPAN Group Established in Tokyo in 1900, the TOPPAN Group is a leading and diversified global provider committed to delivering sustainable, integrated solutions in fields including printing, communications, security, packaging, décor materials, electronics, and digital transformation. The TOPPAN Group's global team of more than 50,000 employees offers optimal solutions enabled by industry-leading expertise and technologies to address the diverse challenges of every business sector and society and contribute to the achievement of shared sustainability goals. https://www.holdings.toppan.com/en/https://www.linkedin.com/company/toppan/ About Sonoco's TFP Sonoco's TFP business has a strong customer base and manufacturing footprint in North America and South America with approximately 4,500 employees in 22 manufacturing plants, over 700 patents, and design capability across 10 countries.
SHANGHAI, Dec. 16, 2024 /PRNewswire/ -- With rapid development in the global packaging industry come ever-evolving designs, materials, and production technologies, as well as certain social value and responsibility of corrugated boxes, driving a wave of innovative solutions in the industry. To explore contemporary trends in the corrugated packaging industry and provide a broader platform for exchange, since 2019, RX has partnered with corrugated box associations worldwide to launch the biennial "Academy Awards" of the corrugated industry - World Corrugated Awards, in a bid to select the most pioneering design, marketing, management, and social responsibility cases of the year, and honor carton enterprises, teams, and individuals who contribute significantly to the global corrugated industry's progresses. Since its inception, the competition has attracted active participation from global carton enterprises, with each edition welcoming over 200 carton enterprises presenting more than 300 cases to vie for the awards. World Corrugated Awards 2025 will feature 3 Lightweight Awards, 3 Business Management Awards, and 2 Social Value Awards, covering 8 distinct dimensions to select the most pioneering industry cases. Review requirements, process, and timeline The World Corrugated Awards 2025 officially open award registration channel on December 1, 2024. Each case may apply for 1-3 awards, with no limit on nominations per enterprise or individual. The total score of each entry is determined by a combination of jurors' scoring and online visitor voting, with the former accounting for 70% and the latter for 30% of the total. Case nomination submission time:December 2024 - February 2025 Online voting time:February 2025 - March 2025 Juror scoring time:March 2025 - April 2025 Awards ceremony:April 8-10, 2025 Award setting Lightweight category Best Lightweight Design of the Year As transportation and marketing methods for finished packaging products evolve, carton and corrugated boxes demonstrate increasingly diverse styles, leading to a myriad of exceptional box style design cases. This award, therefore, is established by the World Corrugated Awards Organising Committee to recognize exceptional designs that achieve innovation, functional optimization, and material conservation through lightweight concepts in paper packaging product design. Award-winning entries must address common issues facing the industry such as reduced structural strength after weight reduction and limited functionality, while showcasing exceptional appearance, functionality, and user experience, esp. significant value in high-frequency applications such as food delivery packaging and logistics e-commerce packaging. Materials to be submitted: Provide design samples Patent record documentation (Organiser could provide patent application and protection channels) Application cases Evaluation dimensions: 1. Design innovation - 20 2. Lightweight effect - 20 3. Applicability and promotability - 20 4. Production difficulty - 20 5. Cost resolution degree - 10 6. Environment-friendly value - 10 Best Lightweight Material of the Year This award aims at driving the paper packaging industry towards high-performance, low-resource consumption directions, while encouraging the development of environment-friendly and economically viable lightweight packaging materials. It recognizes enterprises or teams that have developed innovative materials in the paper packaging material field that combine weight reduction, high performance, and environment-friendly traits. Award-winning materials must maintain packaging strength and protective functions while significantly reducing weight and addressing common issues in the paper packaging industry such as poor moisture resistance and high recycling costs. Materials to be submitted: Provide design samples Patent record documentation (Organiser could provide patent application and protection channels) Application cases Evaluation dimensions: 1. Material performance - 20 2. Market application prospect - 20 3. Cost effectiveness - 20 4. Environment-friendly value - 20 5. Cost resolution degree - 20 Best Lightweight Solution of the Year The "Best Lightweight Solution of the Year" Award focuses on solving systemic difficulties in the paper packaging industry, centers around comprehensive innovative solutions, and recognizes enterprises or teams that provide holistic lightweight solutions by integrating materials, design, processes, and technologies in the paper packaging industry. Its goal is to provide forward-thinking approaches for industry development and support high-quality, sustainable industry-wide development by incentivizing excellent practices. Award-winning solutions must be systematic and practical, achieving weight reduction while maintaining packaging strength, functionality, and sustainability, esp. significant value in high-frequency application areas such as logistics and food packaging. The award encourages comprehensive innovations to address challenges facing the paper packaging industry such as resource waste, low production efficiency, and environmental pressure, and drives lightweight upgrades across the entire industrial chain. Materials to be submitted: Provide design samples Provide real carton marketing cases Highlight description and market promotion scheme Evaluation dimensions: 1. Solution comprehensiveness - 30 2. Lightweight effect - 30 3. Industry promotion value - 20 4. Environment-friendly effect - 20 Business Management Category Supply Chain Management Excellence of the Year The "Supply Chain Management Excellence of the Year" Award aims to recognize the most outstanding achievements in supply chain management within the corrugated paper industry. The award commends the strategic importance of supply chain efficiency, innovation, and sustainability in driving business success and industry progress. Its establishment encourages and acknowledges the critical role of supply chain management in the corrugated paper industry, demonstrating how effective supply chain strategies improve operational efficiency, lower costs, and enhance customer satisfaction. Materials to be submitted: Enterprises risk response or risk prevention solutions What contributions do management teams' various measures make to reducing property loss, talent drain, and strengthening team cohesion? What issues are encountered during the implementation of various measures? What are their solutions? Most commendable actions in strategy execution? Evaluation dimensions: 1. Project benefit - 25 2. Project execution - 20 3. Strategy planning design - 20 4. Project cost control - 20 5. Project operation difficulty - 15 Intelligent Production of the Year The increasing equipment demand in carton manufacturers has significantly inspired technological upgrades in corrugated equipment. Corrugated equipment featuring intelligent control and automated functionality will gradually replace traditional equipment as the future mainstream. Meticulously crafted, highly automated, and low-energy consumption equipment creates more value for carton manufacturers while saving more time. This award, therefore, is to recognize enterprises that have dedicated themselves to developing or using intelligent production equipment, bringing benefits and convenience to carton manufacturers. Materials to be submitted: Enterprises' schemes and strategies for plant automation Difficulties encountered in implementing automated intelligent production and their solutions Changes in corporate management modes after transitioning to intelligent production Effectiveness of intelligent production mode (cost, benefit, efficiency) Evaluation dimensions: 1. Project benefit - 30 2. Automation degree - 30 3. Production efficiency - 20 4. Labor cost saving - 20 Business Transformation of the Year As e-commerce packaging develops by leaps and bounds, market demands for carton packaging also keep evolving. To meet the needs for cartons in the e-commerce era, an increasing number of carton manufacturers are moving away from traditional business modes, in a bid to meet the ever-changing demands of end customers. More personalized and intelligent e-commerce packaging solutions and more diverse functional applications will inject new impetus into the entire corrugated box industry. To encourage the entire industry to actively approach business transformation, this award is established by the World Corrugated Awards Organising Committee to recognize outstanding corrugated box companies that have successfully upgraded and transformed their business. Materials to be submitted Enterprises' preparations before business upgrade and transformation Difficulties encountered during business upgrade and transformation Effectiveness of business transformation (cost, benefit, efficiency) Evaluation dimensions 1. Project benefit - 40 2. Market value - 30 3. Business upgrade difficulty - 20 4. Environment-friendly value - 10 Social value category Outstanding People in the Industry of the Year Today, the booming corrugated packaging industry is inseparable from every practitioner who continuously researches and forges ahead in the sector. Even though one individual may seem powerless, they possess the great potential of creating a rippling effect. This award, therefore, is established by the World Corrugated Awards Organising Committee to recognize five outstanding individuals who have made exceptional contributions to the industry for the year, so as to motivate industry practitioners to continue enhancing their personal capabilities and contribute to industry progress in their respective domains. Materials to be submitted: List of content showcasing individual industry influence and personal capabilities (original journals, lead projects, original social media content, media coverage, etc.); personal information and photo; main achievements of the year 2024 (within 400 characters); related pictures; video materials" Evaluation dimensions: Direct voting Best ESG Demonstration of the Year Best ESG Demonstration of the Year focuses on the social contribution and influence of each manufacturer, while selecting the most influential manufacturer in the corrugated board industry as a benchmark for the year. Materials to be submitted: Enterprise profile, explaining business scale and corporate culture List of social contributions and influential events made by the enterprise for the year Evaluation dimensions: Direct voting Award benefits World Corrugated Awards Trophy World Corrugated Awards Event Fund: Ranging from 500 to 1,500 USD for award-winning teams/individuals based on award category Headline promotion once on packaging industry authoritative we-media: [Micro Vision of Carton] Joint online and offline promotion by Global Packaging Media Alliance (GPMA) media members Overseas social media channel publicity at SinoCorrugated The World Corrugated Awards extends a glittering invitation to pioneers who fuel the future of corrugated packaging with boundless enthusiasm! Here, every distinctive work served holds the impetus to the industry's waves. If you possess such a gem, the WCA stage is radiating with splendor, awaiting your dazzling debut!
A12 藝術空間
Paper/Forest Products/Containers
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