- In July 2024, Greenpath Recycling Proprietary Limited, a subsidiary of Sinica Manufacturing, acquired the Versapak division of Mpact Operations.This strategic asset transaction forms part of Mpact’s portfolio optimization plan and involves the transfer of Versapak’s operations, including its manufacturing plants in Paarl and Roodekop, South Africa. The acquisition directly influences the local paper and packaging supply chain, particularly in the production of PET trays, styrene packaging, and vinyl cling film—components relevant to paper-based packaging solutions such as paper cones
- In January 2024, Saint-Gobain acquired two resin flooring solution companies—R.SOL in France and Technical Finishes in South Africa—as part of its strategy to expand in the construction chemicals sector. The combined deal, valued at approximately €20 million (around $22 million), strengthens Saint-Gobain’s footprint in the Southern Europe, Middle East & Africa region. While not directly related to paper cones, this acquisition could indirectly influence demand for paper cones used in construction applications, such as formwork or protective packaging, due to increased construction activity and supply chain integration in South Africa
- In October 2023, Mondi introduced lightweight paper cones designed with enhanced strength to meet the demands of industrial and packaging applications. These cones align with Mondi’s broader sustainability goals, offering a recyclable and efficient alternative to traditional materials. While the announcement did not specifically mention the Middle East and Africa (MEA) region, Mondi’s extensive global footprint—including operations in MEA—suggests that such innovations are such asly to be accessible across multiple markets. This development supports Mondi’s MAP2030 initiative, which aims to ensure all packaging and paper products are reU.S.ble, recyclable, or compostable by 2025
- In August 2023, Emirates Reem Investments Company PJSC acquired Evergreen Plastic Products Manufacturing LLC for AED 44 million (approximately $12 million). Evergreen, a UAE-based manufacturer specializing in packaging solutions for the food and beverage industries, has been operational since 2000. While the acquisition centers on plastic products, it reflects the growing M&A activity in the UAE’s broader packaging sector. Such developments can influence material preferences and supply chain dynamics, potentially impacting the demand for alternative packaging solutions such as paper cones, especially as sustainability becomes a stronger market driver
- In June 2023, K. U. Sodalamuthu and Co. (P) Ltd., a leading Indian manufacturer of paper conversion machinery, launched its new high-performance Automatic Paper Cone Plant. This advanced production line is capable of producing up to 55 cones per minute, featuring a patented gripper winding system, imported servo drive, and programmable controllers for precision and efficiency. The plant supports various cone tapers and includes automated finishing operations such as lubrication, velvet finishing, and notching. While based in India, the technology is well-suited for export and can significantly benefit paper cone production in the Middle East and Africa
