Packaging Valley at Fachpack 2024
"Fachpack is one of the most important trade fairs for our members in packaging technology. Together with the exhibiting member companies, the Packaging Valley co-operative stand brings together a broad range of its’ products and services, and is worth the visit to Nuremburg in and of itself.”, emphasizes Packaging Valley Managing Director Martin Buchwitz.
European flexible packaging prices rise in Q2 2024
The price of flexible packaging materials across Europe continued the slow increase seen in Q1 as demand continued to rise for most substrates in the three months to end June 2024. Prices were also affected by supply side cost rises for both raw materials and logistics services. Leading the rises was 60gsm one-sided coated paper, which saw an increase of almost 10% in Q2 compared with the previous 3 months and some 40% higher than the benchmark 100% of Q1 2020.
LDPE added 6% but is still 56% higher than Q4 2020 level while HDPE added 5%, climbing to 42% above the benchmark. Seven-micron aluminium foil also climbed 5%, followed by rises of 3% for 15-micron BOPA film and 2% for 12-micron PET film. Only 20-micron BOPP film bucked the upward trend, remaining stable. LDPE, HDPE and 12-micron PET are now back to the levels seen at the start of 2023, while all other materials remain well below the prices seen at that time. However the price of 20 micron BOPP has remained relatively steady during the last 12 months.
Sappi Europe’s strategic enhancements in the flexible packaging papers sector
Lindt & Sprüngli achieves robust growth in sales and profits
The Lindt & Sprüngli Group, KIlchberg, had once again a successful first half of the year in 2024, increasing sales by +7.0% to CHF 2.16 bn in organic terms.
The increase was supported by mid-single-digit price increases in the first half of the year to offset higher cocoa prices, as well as solid volume/mix growth of +0.9%. The EBIT margin increased to 13.5% (previous year 12.2%), with an EBIT of CHF 292.3 m.
This improvement was mainly driven by efficiency gains and price increases, compensating for higher cocoa material costs. The Group is confident that it will reach the objectives announced for the full year 2024, with sales growth in the range of 6–8% and an EBIT margin increase expected at the upper end of the 20–40 basis points range.
All regional segments show positive growth. The Europe segment increased sales organically by a strong +9.3% to CHF 1.07 bn in the first half. Growth was most pronounced in France, the United Kingdom, and Central and Eastern Europe, with double-digit growth. Italy, Germany, and Switzerland continued to show solid growth.
The North America segment showed organic sales growth of +3.0% to CHF 794.6 m. Lindt & Sprüngli USA, Ghirardelli, and Lindt & Sprüngli Canada outperformed the market, gaining market share. The “Rest of the World” segment achieved strong organic sales growth of +10.0% to CHF 293.2 m. Notably, the subsidiaries in Japan and Brazil achieved double-digit growth rates in the first half of the year.
The Group’s direct-to-consumer channels, which include retail and online stores, have shown strong development, with double-digit growth compared to the previous year (+15.8%), driven mainly by a demand for gifting. Sales in the Group’s around 530 own stores grew both on a like-for-like basis and through the addition of new store locations. Personalization continues to be a key driver. Notable Easter success includes the personalized Gold Bunny, with name printed ribbon. The key franchise Lindor, the largest brand in the product portfolio, continues to drive growth in all regions. Additionally, the dark chocolate key franchise Excellence accelerated growth in the first six months.
While energy prices and supply security have stabilized, and prices for other raw materials and packaging have remained constant, the cost of cocoa continues to be a challenge, reaching record levels. The Group will partly mitigate the impact of rising cocoa prices through strict cost management, though further price increases will be needed. On the demand side, the global chocolate market continues to show its resilience with positive value sales development. However, with inflationary price effects, sales volumes in the global chocolate market have either stagnated or slightly declined depending on the product category and market. In these market conditions, Lindt & Sprüngli’s brands show strength and resilience, growing market share in all key markets.
Herma: Label applicator world premiere at Fachpack
Fachpack: Hall 3C, Stand 322
Van Genechten Packaging acquires Poland-based DOT2DOT SA
The company Van Genechten Packaging, Turnhout, has acquired 100% of the shares of the Polish DOT2DOT Group, which operates from two locations in Poland.
The group of companies, with a combined annual turnover exceeding € 50 m, specialises in premium packaging for the beauty, confectionery, personal & health care, and premium spirits sectors. DOT2DOT SA, in its present form with their current locations in Gdansk and Warsaw, is the result of the 2017 merger of three Polish companies in the packaging industry: Graf-Pozu; Druk Markuszewscy; and Drukpol. DOT2DOT was owned by a subsidiary of a fund managed by Abris Capital Partners.
With DOT2DOT’s solid customer base, advanced packaging design, and robust production capabilities, they are the perfect partner to join our VGP growth strategy. The transaction is subject to the usual anti-trust approvals. “Apart from sharing the same DNA, we are leveraging our capabilities in several strategic market segments. With this acquisition, we are not only strengthening our European market position in premium packaging but also significantly extending our multinational customer base. We look forward to a successful collaboration and the exciting opportunities ahead,” explains Frank Ohle, CEO of Van Genechten Packaging Group.
FPE publishes guidance for life cycle assessment of flexible packaging
A guidance to support the environmental assessment of flexible packaging solutions from a life cycle thinking perspective has just been provided by the European flexible packaging industry.
You can find more images for use in the context of this press release in the gallery on our website: https://www.flexpack-europe.org/galleries
Flexible packaging manufacturers are optimistic for the future