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Meiji exits China dairy business after losses top over USD 47.2 million
End User
Meiji Holdings is exiting its dairy business in China after agreeing to sell its drinking milk, yoghurt and business-to-business (B2B) operations to Shanghai AustAsia Food in a deal worth up to RMB 320 million (USD 47.2 million), marking a strategic shift towards higher-priority businesses, including chocolate.  The transaction includes Meiji's dairy operations under Meiji (China) Investment, Meiji Dairies Tianjin and Meiji Dairies Suzhou. Before completion, Meiji will transfer the businesses ...
Ardagh Metal Packaging raises 2026 EBITDA outlook after 14% Q2 growth
End User
Ardagh Metal Packaging (AMP) reported stronger second-quarter earnings, supported by improved profitability in Europe despite a slight decline in global beverage can shipments, and raised its full-year adjusted EBITDA guidance. The company posted revenue of USD 1.71 billion for the quarter ended June 30, 2026, up 18 per cent from USD 1.46 billion a year earlier. On a constant currency basis, revenue increased 16 per cent, reflecting higher input cost pass-through to customers and favourable v ...

End User
Sonoco Products Company reported higher second-quarter sales as gains in its industrial packaging business and improving metal packaging demand helped offset inflationary pressures and softer volumes in parts of its consumer packaging operations. The global packaging producer posted net sales of USD 1.9 billion for the quarter ended June 28, 2026. GAAP net income declined to USD 105 million, or USD 1.05 per diluted share, from USD 493 million, or USD 4.96 per diluted share, in the same perio ...
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