News Wrap: 6 March

In the news this week: Feeding Australia, Australia Made, Beer excise, New CEOs - Suntory Oceania, Unilever, AMIC, Interim financial reporting update, and Little Oak.

 

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Packaging News

Australia has stepped firmly onto the global stage in support of an ambitious treaty to end plastic pollution, with Environment Minister Murray Watt announcing the nation’s commitment during the United Nations Ocean Conference in France. Meanwhile, local environmental leaders are urging the government to back its global words with accelerated domestic action.

Plastic resin made from recycled milk and juice bottles at a Pact-operated recycling facility in Melbourne meets US FDA safety requirements for use in HDPE food and drink packaging.

Packaging and IT recycling operation Close the Loop anticipates its second half EBITDA will fall by 50 per cent compared to the first half, on revenue that at around $99m will be similar to the first six months.