Last updateWed, 21 Mar 2018 3pm

MEPCO Wins ‘Great Place to Work 2017’ Award in KSA

KSA nationals comprise almost half of MEPCO’s employees

The Middle East Paper Co. (MEPCO), has been recognised by Great Place to Work in the Kingdom of Saudi Arabia. The organisation’s research and management consulting firm assess award applicants from over 100 companies on a variety of parameters before choosing the company most deserving of the title in each market. The award scores are determined through an employee survey that measures company performance across key indicators including: credibility of management, respect, fairness, pride, and camaraderie.

CreativeDrive Set to Shake-Up the Retail Sector with the Acquisiton of 3D, AR/VR Tech Company Decora

CreativeDrive CGI technology broadens capabilities with a leading, scalable and cost-effective 3D, augmented reality and immersive content solution
In a structured deal, potentially worth in-excess of $100 million, global content company CreativeDrive has acquired 3D visualization and augmented reality tech-startup, Decora. Through a ground breaking proprietary platform, a unique digital production process and global network of 3D artists, Decora offers cost effective product visualization, augmented reality and immersive experiences at scale.

Sappi Limited: Acquisition of Cham Paper is credit positive for Sappi

On 28 February, Sappi Limited (Sappi, Ba2 positive) announced that it concluded the acquisition of Cham Paper Group (Cham) for a total consideration of CHF147 million (an equivalent of around US$150 million), implying roughly 6x EBITDA multiple. This is credit positive for Sappi, because it will strengthen Sappi’s position in profitable and growing specialty papers, thus diversifying the group further beyond structurally declining coated woodfree (CWF) paper. In addition, we expect the purchase price to be paid from internal sources, so the acquisition will lead to deleveraging on gross debt basis.

Goss and manroland web systems intend to combine

Business combination for global market presence, broad product range and comprehensive long-term stable customer support in the web printing market
Goss International’s printing press business (“Goss”) and manroland web systems, both manufacturers and service providers of web offset printing systems for newspapers, commercial products and packaging, are planning to combine their complementary businesses. The combined company will benefit from the companies’ complementary geographic footprints, create extensive synergies, ensure long-term viability, and provide value-oriented solutions, especially in the area of aftermarket services. In the future, the new entity will be a strong business partner to all international web printers. Subject to regulatory approval, the merger is expected to be completed by the middle of 2018. The Contiweb business of Goss International is not included in this transaction.

Siegwerk and Agfa Graphics enter into strategic alliance for UV digital packaging inks

Siegwerk Druckfarben AG & Co.KGaA, one of the leading international suppliers of printing inks for packaging applications and labels, and Agfa Graphics, a leading supplier in prepress offset and inkjet print, have entered into an important strategic alliance for digital packaging inks.

  • Latest Post

  • Most Read

  • Twitter

Who's Online

We have 627 guests and one member online