- In November 2023, Rengo Co., Ltd. acquired a 30% stake in Velvin Containers Private Limited, a prominent corrugated packaging manufacturer in India. With this equity involvement, the company will rebrand as Velvin Rengo Containers Private Limited under Rengo's ownership. Rengo's stake in Velvin Containers is anticipated to generate synergies among Rengo Group entities, both domestically in Japan and internationally. This move aligns with Rengo's global strategy, positioning the company to capitalize on India's burgeoning corrugated packaging market and further strengthening its presence overseas
- In September 2023, Smurfit Kappa and WestRock made a merger. The merger between WestRock and Smurfit Kappa Group significantly reshaped the Latin American packaging landscape, consolidating assets and market shares across Brazil and Mexico, and enhancing their regional dominance. This strategic move bolstered their position in Mexico, securing a notable share of the containerboard and industrial packaging markets, and amplifying their competitive edge and market presence in the region
- In June 2023, BEIJING EAST IP LTD, representing Daio Paper Corporation, secured the validity of its "packaging bag" design patent, ensuring the exclusivity of its innovative packaging for premium products and boosting its market edge. This victory in the invalidation case safeguarded Daio Paper's rights, curbing imitation, and fortifying consumer protection, affirming the brand's distinctiveness and market position
- In February 2023, International Paper was named on the list of Fortune magazine's most admired companies. The company stated they are much honored to feature for the 20th time on the occasion of the international paper's 125th year in the industry. This award helped the company gain more recognition among the other players in the market
- In February 2022, NIPPON PAPER INDUSTRIES CO., LTD. and Elopak ASA forged a Memorandum of Understanding (MoU), enhancing their partnership in liquid-paper packaging. This partnership, focused on joint business development, leveraged their expertise, assets, and networks to advance sustainable packaging solutions, reinforcing Nippon Paper's position in Japan's packaging field and propelling their commitment to delivering eco-friendly packaging solutions to the market. This strategic alliance enabled Nippon Paper to amplify its market presence and fortify its dedication to sustainable packaging innovations, aligning with its mission of enriching lives through environmentally conscious practices
