Archive for the ‘Packaging’ Category.

McDonald’s Rolls out New Generation of Global Packaging

Editor: Sharon Li
31 Oct 2008 05:58:42 GMT

Beginning in November, McDonald’s will introduce its new generation of global packaging, the most comprehensive rollout in the Brand’s history, McDonald’s announced Wednesday in Oak Brook of Illinois.

All 118 McDonald’s countries will participate in this rollout over the next two years, putting the Brand’s food quality story front and center and directly into the hands of customers — some 56 million every day.

“Our new packaging is a fresh way of sharing McDonald’s food quality story with our customers,” said Mary Dillon, McDonald’s Global Chief Marketing Officer at a press briefing. “The more people know about our food the more they’ll love it.”

Through a blend of bold text and powerful images, the new packaging will illustrate the high quality ingredients and food prepared at McDonald’s.

McDonald’s new global packaging will be consistent around the globe, using sophisticated graphics, photography and storytelling, with and without words.

While the packaging will reflect a global framework, it’s flexible enough to accommodate 21 languages while sharing stories about the quality of McDonald’s ingredients in a way that is locally relevant for customers around the world.

The new McDonald’s packaging will be introduced first in the United Kingdom, Ireland and the United States and continue rolling out worldwide through 2010.

McDonald’s new packaging was developed by Boxer, a subsidiary of The Marketing Store Worldwide, located in Birmingham, UK. Boxer also worked on the original “i’m lovin’ it” and Global Casting Call packaging designs for McDonald’s.

Japan govt unveils Y5 trln econ spending package

Editor: eveguo
30 Oct 2008 09:36:19 GMT

TOKYO, Oct 30 - Prime Minister Taro Aso on Thursday
unveiled Japan’s second economic package in about two months that
includes spending worth 5 trillion yen ($50.8 billion) as the
global credit crisis pushes the world’s No.2 economy into a
recession.

The latest steps came on top of an 11.7 trillion yen ($118
billion) economic package compiled in late August which was aimed
at helping ease the pain from high oil prices, including cutting
highway tolls and boosting loan guarantees for small firms.

TALK BACK:Stimulus Package Should Go Toward US Infrastructure

Editor: Sharon Li
29 Oct 2008 06:54:37 GMT

A reader in Newport News, Va., responds to the following question we posed on Dow Jones NewsPlus: What form, if any, should a potential new fiscal stimulus package take? Please share your own views. Email us at TalkBackAmericas@dowjones.com.

I think the next stimulus package should be for U.S. infrastructure. Our roads and bridges are in terrible shape and this would put many Americans to work for many years.

This would help not only support those directly working on the projects but would also have a tremendous multiplier effect. For example, if a company knew it had a multiple-year contract, it would buy new tools and F-150 pickup trucks.

Additionally a large part of the components, materials and supplies would come from U.S. producers, unlike the last stimulus package, which probably went to pay for more products made in China.

(TALK BACK comments may well be submitted by readers who have a financial interest in the securities that are being discussed.)

(TALK BACK: We invite readers to send us comments on this or other financial news topics. Please email us at TalkbackAmericas@dowjones.com. Readers should include their full names, work or home addresses and telephone numbers for verification purposes. We reserve the right to edit and publish your comments along with your name; we reserve the right not to publish reader comments. Talk Back comments can be found under the N/TLK code.)

TALK BACK:Stimulus Package Should Go Toward US Infrastructure

Editor: Sharon Li
29 Oct 2008 06:52:00 GMT

A reader in Newport News, Va., responds to the following question we posed on Dow Jones NewsPlus: What form, if any, should a potential new fiscal stimulus package take? Please share your own views. Email us at TalkBackAmericas@dowjones.com.

I think the next stimulus package should be for U.S. infrastructure. Our roads and bridges are in terrible shape and this would put many Americans to work for many years.

This would help not only support those directly working on the projects but would also have a tremendous multiplier effect. For example, if a company knew it had a multiple-year contract, it would buy new tools and F-150 pickup trucks.

Additionally a large part of the components, materials and supplies would come from U.S. producers, unlike the last stimulus package, which probably went to pay for more products made in China.

(TALK BACK comments may well be submitted by readers who have a financial interest in the securities that are being discussed.)

(TALK BACK: We invite readers to send us comments on this or other financial news topics. Please email us at TalkbackAmericas@dowjones.com. Readers should include their full names, work or home addresses and telephone numbers for verification purposes. We reserve the right to edit and publish your comments along with your name; we reserve the right not to publish reader comments. Talk Back comments can be found under the N/TLK code.)

Simulation package to help model combustors

Editor: Crayon Zhang
24 Oct 2008 10:03:38 GMT

Reaction Design, a San Diego-based software supplier, recently announced the release of ENERGICO™. It is a simulation package for the gas turbine industry that uses the power of detailed chemistry to accurately model combustion in a virtual environment. Its complex system design simulation tool works by applying detailed chemistry technology to solve the toughest gas-turbine engineering problems related to emissions reduction and stability. According to the company, the product enables virtual simulation of combustion stability for the engineers to pinpoint and assess the causes of lean blow-off, which is a major issue in gas turbine design.

ENERGICO can effectively predict the effects of multiple alternative/opportunity fuels, including biofuels, syngas and blast-furnace gases, on combustors without the need for a physical prototype.

Alcan acquires flexible packaging facility

Editor: Crayon Zhang
22 Oct 2008 06:00:13 GMT

Alcan Global Pharmaceutical Packaging (AGPP) - a division of Alcan Packaging, a business unit of Rio Tinto Alcan - has acquired the Chakan flexible packaging plant from Associated Capsules Pvt Ltd in India.

With annual sales of $ 3.6 million, the Chakan facility is a distinguished supplier to the Indian pharmaceutical market, with solid manufacturing capabilities and management practices. Located 30-km north of Pune, the 2,600 m2 plant employs approximately 100 people. Its integration into the Alcan Packaging group is expected to be completed by early 2009.

Michael Schmitt, president, AGPP Division, said, ”Chakan is a well-equipped plant and has an asset base that will complement our current product portfolio. The expertise with local pharmaceutical companies will be an excellent addition to our organisation, increasing our ability to service global and regional customers while maintaining the high quality standards they expect from us.”

”Rising raw material costs pose quite a challenge to the pharma packaging industry”

Editor: Crayon Zhang
22 Oct 2008 03:14:01 GMT

…says Mike Schmitt, president, Alcan Packaging Food Americas and Global Pharmaceuticals Division. Alcan Global Pharmaceutical Packaging (AGPP) currently employs 4,500 employees located in 39 cGMP-compliant facilities within 13 countries and regions on three continents.

Schmitt previously served as president - Food Packaging Americas and before this assignment, he was president of Food and Specialty Flexible Americas, a position to which he was promoted following Alcan’s acquisition of Pechiney. In a previous assignment, he was with Bemis Co, as the vice president and general manager of the PET products division.

With a BS from Michigan State University’s School of Packaging, and an MBA from Wayne State University, he is also armed with the Six-Sigma certified yellow belt. In this exclusive e-interview with Mike Schmitt, Nishan Chandran unravels the force and fuel behind the success of this mammoth organisation.

Current scenario in the global packaging industry, and more so in the pharma packaging industry…
The global packaging industry is doing well as are the pharmaceuticals and medical packaging industries. To succeed, it is important to have a global approach not only because of stiff competition but also due to the tremendous opportunities for the industry brought by the rapid growth of the markets. The market is very challenging, especially for organisations like us who always raise their productivity levels to world-class standards.

Emerging trends in the pharmaceuticals packaging industry…
The latest trend in the industry is being responsive to the customers’ unique product needs, and working closely with them to understand the challenges that their products face - whether it is to protect highly sensitive products, tracking & tracing the supply chain or increasing the adherence of end-users to their drug therapy.

Sustainability is also a new component that is now part of any successful business strategy in an organisation. I believe that sustainable-packaging initiatives could serve the environment better. In today’s struggling economy, revisiting packaging may be necessary given the rising price of oil and therefore, resin and energy costs. To remain profitable, companies have to be looking at ways of running leaner and more-efficient packaging operations.

It is mandatory for us to position ourselves in a way that we can offer top-quality products & services and act as a high-performance partner. Hence, we have focussed our investments on the development of modern production facilities equipped with state-of-the-art equipment. Moreover, we have established a network of Centers of Excellence throughout the Americas and Europe, notably resulting in the purchase of new equipment, the construction of new infrastructure and the optimisation of some facilities with one common goal - customer benefit.

The key issues and challenges that need to be overcome by the pharma packaging industry…
Margin pressure from both rising raw material costs and price sensitivity pose quite a challenge to the pharma packaging industry. Moreover, the exchange rate also has a significant impact on us, especially in the folding carton industry. Therefore, it is mandatory for us to keep improving our productivity and invest in state-of-the-art technology.

AGPP’s global pharmaceuticals’ packaging market share…
Alcan Global Pharmaceutical Packaging’s current global market share is 4 per cent. Out of Alcan’s total pharmaceutical packaging business in pharmaceutical flexibles, India contributes 2 to 3 per cent. We intend to continue this association because the Indian market is currently seeing a very rapid growth and we want to ensure our expertise is offered to
this market.

The various kinds of packaging technology offered by AGPP and its quality systems…
AGPP’s multi-material and multi-region offering, helps its customers succeed by designing products to fulfil the specific needs of pharmaceuticals and medical device manufacturers, ensuring compliance, barrier properties, sterility and other requirements. Our company has established the same standards worldwide to ensure consistency in our processes and compliance with regulatory requirements.

Our product portfolio includes markets like contract packaging, glass tubing, medical, flexible packaging, pharmaceutical flexible packaging, plastics and specialty cartons.
Our quality management systems are compliant with the ISO 9001:2000 standards across all of our operating sites and we have achieved 100 per cent compliance with ISO 14001:96 and OHSAS 18001:99, which denotes that our systems are environment-friendly.

On recent innovations and initiatives by AGPP …
Alcan Global Pharmaceutical Packaging has demonstrated its leadership in innovation since the
past months. Our innovation efforts are focussed on our customers’ specialised needs, and we work closely with them to optimise product integrity while delivering a high-level of customisation for their individual product requirements.

In our plastics group, we recently launched a new product line of high-barrier plastic bottles. StabilitySolutions™ is a groundbreaking, innovative product for pharmaceuticals that requires the highest moisture and oxygen barrier. StabilitySolutions™ DRY and StabilitySolutions™ BARRIER use patent-pending technologies to ensure that the customers’ products maintain their efficacy for a longer period of time, delivering the greatest possible benefit to patients.
Our contract-packaging group launched ComplySolutions™, a line of products that feature efficient compliance packaging. This new product portfolio is customised for the management of patient compliance and persistence and assembles F1 child-resistance, high levels of patient/senior friendliness, ample space/innovation for brand establishment, the ability for simple incorporation of authentication features and packaging processes that are innovative as well as pragmatic.

Finally, last year we held our first international Alcan Packaging University (APU) seminar, where current and prospective customers from different countries around the world gathered. The goal of the educational seminar was to create a better understanding of customers’ expectations in terms of packaging innovation. Originally launched in 2006 on a European level, the positive feedback received led us to extend the pharmaceuticals packaging seminar to an international audience.

These challenges are at the heart of our innovation activities and have motivated our latest product developments and service enhancements.

On the way the packaging industry is helping tackle counterfeit problems faced by the pharma industry…
Anti-counterfeiting technologies are rapidly evolving to protect consumers and brand owners. They are expanding quickly to stay ahead of well-funded counterfeiters. It is the responsibility of packagers to develop new processes to make sure that the needs of their customers are fulfilled. Our organisation has developed a family of solutions under its N’Crypt brand name and our competitors are also moving forward to help fight this serious problem.

On the company’s iWheel solutions and its motto behind the conceptualisation…
iWheel SolutionsTM was created to communicate our vision of innovation across Alcan Global Pharmaceutical Packaging and offer a clear profile of all our products & services to our customers. This tool takes our conversations with customers beyond transactional activities towards developing value-added solutions based on the requirements of the end-users of their products.

iWheel SolutionsTM is an umbrella brand that showcases the innovative, intelligent and integrated solutions we offer our customers to address the diverse challenges faced by their products. We believe that packaging should act as an extension of our customers’ products and deliver a unique set of benefits. At AGPP, we strive to understand the business challenges of pharmaceutical and medical companies and design targeted solutions that continue to add value to their products all the way down through the supply chain and into the hands of the consumer.
With needs ranging from maximising their brand equity to managing concerns of product counterfeiting or supporting patients in compliance to their medication therapy, iWheel SolutionsTM demonstrates the broad spectrum of expertise and support that we offer.

The motto behind your recent acquisition of Associated Capsules Pvt Ltd’s flexible packaging plant in Chakan, India…
Chakan is a well-equipped plant with dynamic people and an asset base that will definitely complement our current product portfolio. The expertise with local pharmaceutical companies will be an excellent addition to our organisation, increasing our ability to service global and regional customers while maintaining the high quality standards they expect from us.
On the future plans of AGPP in India…
Alcan Packaging has been providing pharmaceutical flexible packaging in India for over 15 years and has gained a first-class reputation as the leader in quality, service and innovation. Dr Erwin Pasbrig, director - R&D, AGPP, has held many seminars to educate the pharmaceutical industry about packaging solutions and technology. The high-barrier blister packaging Formpack® is recognised as the world-leading brand in alu-alu blisters and is firmly established as the benchmark in India.

The company recently cemented its commitment to supporting growth in the emerging markets by announcing a new organisation. Further, a new business unit dedicated to emerging markets was created in July 2008.

Alcan Packaging with its newly-created business unit - Pharma Emerging Markets expects the demand for packaging in India to not only increase in volume, but also consumer expectations. Therefore, most modern drug delivery systems and innovative packaging solutions will also be in great demand.

Due to our unique and extensive network, we are able to offer systematic back-up capabilities giving our customers an unrivalled security of supply on key products.
We also intend to review strategies in some key areas such as generics, biotech, etc, and would continue to remain proactive in the areas of compliance, sustainability, track and trace, product security and RFID.

Future outlook for the pharma packaging industry globally and
in India…
As the Indian economy grows, there will be a huge need for high-quality packaging to meet the rapidly growing demands of the market. The future is promising and we constantly evaluate ourselves on the way we do business with all our customers around the world.

Another US stimulus package needed

Editor: Bruce Meng
23 Oct 2008 01:58:19 GMT

CHICAGO, Oct 22 - The head of Citadel Investment Group, one of the world’s biggest and most powerful hedge funds, said on Wednesday that America needs another stimulus package to boost growth and warned against new regulation for hedge funds.

Kenneth Griffin, who rarely gives interviews, said fear is partly responsible for recent dramatic moves in financial markets, but urged regulators not to make things worse with inappropriate new rules.

"Amongst the hue and cry that we need more regulation … we need to keep in mind that it is our regulated entities that failed us first and not the unregulated part of the economy," he told about 400 executives at a hotel here.

"So I hope that our policymakers next year, when they try to ensure that what has happened recently never happens again, keep in mind that there is a balance between free markets and socialism, and that this country has achieved greatness by finding the right side of that balance to be on," he added.

Loosely regulated hedge funds, which jointly manage about $1.7 trillion, have come under fire recently for having accelerated stock declines when many were forced to sell holdings to meet investors’ demands for their money back.

Hedge funds, unlike mutual funds, can use trading techniques like borrowed money or selling securities short. For years these techniques helped cement the industry’s popularity as investors poured in so much money that industry assets doubled in about three years. But this year, the financial crisis has left thousands of hedge funds, including Citadel’s flagship portfolio, with double-digit losses. The average fund has lost about 10 percent and Griffin’s flagship hedge fund lost about 15 percent in September alone.

Griffin also said another stimulus package is necessary.

"We are in a position where we need another stimulus package, regretfully, but that’s the truth," he said.

Investing in infrastructure and setting up programs to reduce the cost of mortgages make sense as Griffin is worried about the destruction of wealth on paper seeping into the real economy.

He added that to make the country more competitive in 20 years, the United States needs to get its children through school.

Griffin said the greatest challenge for the next president will be restoring consumer confidence, and moving away from using fear to drive policy change.

"Fear is devastating in its impact on consumption," he said, adding that billionaire investor Warren Buffett was right in saying the time to invest is when fear is high. "We are awash in fear."

Griffin told his investors recently that September was the worst month in the company’s history as its funds faced extraordinary market conditions and global regulators’ short-term ban on selling certain stocks short. Citadel invests roughly $18 billion.

"It’s been a tough, tough six weeks for us," he said on Wednesday.

Hungary Fin Min: Govt To Propose Tax Simplification Package

Editor: Sharon Li
21 Oct 2008 09:45:58 GMT

BUDAPEST –Hungary’s minority government is proposing a tax simplification package for 2009, and seeks the support of other parliamentary parties for the plan, Finance Minister Janos Veres said Monday.

“The changes (to the tax system) won’t affect the level of taxes, but will be aimed at cutting tax administration and the simplification of the tax system,” Veres said.

The government recently revoked its tax cut plans for 2009 and Prime Minister Ferenc Gyurcsany said tax cuts could get back on the agenda once Hungary’s economic growth reaches 3-4% annually.

The government expects gross domestic product growth of 1.2% in 2009.

Veres said the government wants to secure the support of all political parties before submitting the package to parliament.

But he added that the cabinet is planning to submit the plan even if there isn’t across-the-board political agreement on the intended changes.

-By Edith Balazs, Dow Jones Newswires; 361-267-0623; edith.balazs@dowjones.com

White House - open to idea of 2nd stimulus package

Editor: Bruce Meng
21 Oct 2008 01:49:37 GMT

ABOARD AIR FORCE ONE, Oct 20 - The White House
said on Monday it remained open to the idea of a second
economic stimulus package but its willingness to accept a new
plan would depend on details put forth by the Democratic-led
Congress.

“We’ll remain open to the idea and then we’ll just have to
see when Congress gets back, if they decide to move forward,
what sort of package they want to draft into legislation …
and see if it actually would stimulate the economy,” White
House spokeswoman Dana Perino said aboard Air Force One with
President George W. Bush headed to Louisiana.

U.S. Federal Reserve Chairman Ben Bernanke told Congress on
Monday another wave of government spending may be needed to
boost the struggling economy.

Perino said Bush, who so far has resisted Democratic
proposals for a second package, would weigh advice from all of
his economic advisers, noting that “obviously Ben Bernanke is a
key one.”