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Tape and film manufacturer Intertape Polymer Group (IPG) is acquiring a 74% ownership stake in Powerband Industries Private Limited, a global supplier of acrylic adhesive-based carton sealing tapes and stretch films located in Daman, India.
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The deal is intended to raise Amcor’s presence in consumer goods and food segments in U.S., Canada.
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As part of a $5.5 million upgrade project, Peterborough, Ont.-based injection molder and auto parts maker Ventra Plastics has added 25 new paint robots to its facility.
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Overall, however, the industry still remains positive on the outlook, Scotiabank said, and has scheduled a further modest increase in North American assemblies for the final months of the year.
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Recapitalization, new technology and new hires, a plant expansion, and green initiatives are all part of this Richmond, B.C.-based company’s growth strategy.
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When it comes to running Peterborough, Ont.-based custom molder G.B. Book Plastics Ltd., the brother/sister team of Bill Book and Cathy Cremers has always been on the same page.
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