CROWN Asia Pacific, a division of Crown Holdings, Inc., took home three awards at the recent Asia CanTech 2016 awards, including the event’s top prize. The Supreme Award and Decorative Award were given to Crown for the 355ml sleek style can the Company developed for Monster Energy’s Monster Ultra product line. This beverage can was recognized for the use of several techniques that result in a unique visual and tactile experience for consumers. Tactile inks and decorative varnishes give the beverage can a special wet-look effect and a distinctive texture that differentiates the package on shelf and in consumers’ hands. Filled-in-tab technology on the can end combined with the iconic Monster Claw logo printed on the can’s body clearly communicates the brand’s identity. Monster Ultra debuted in the Asian market and made its first stop in Korea. click Read More below for additional detail
Stora Enso has entered into an equity transfer agreement to increase its ownership stake from 51% to 90% in its Chinese subsidiary Stora Enso Inpac Packaging Co. Ltd. The transaction is based on the terms of an option agreement dated October 2010. The cash consideration is approximately EUR 46 million. The transaction is subject to regulatory approval by Chinese authorities and is expected to be finalised during the first quarter of 2016.
The transaction gives Stora Enso a better opportunity to develop the Inpac Packaging business further and to execute the strategy in the region. The transaction will have no impact on group’s sales or operating profit.
Stora Enso Inpac offers fibre-based packaging solutions with design, production, sales and R&D services. The company has production units in Qian’an, Dongguan and Jiashan in China and sales offices in Beijing, Shanghai and Dongguan, and serves leading global and local brand owners.