The city of Lisbon, Portugal, is giving single-use plastics the night off with a new city-wide reusable cup program.

The program aims to cut plastic waste and emissions for the city’s nightlife and hospitality sectors. Its launch starting in late June marked the first European capital with a city-wide reusable cup program, made possible with recycler Tomra and hospitality association Associação da Hotelaria, Restauração e Similares de Portugal (AHRESP), according to Tomra.

“This is not just financial backing — it’s a bold vote of confidence in a plastic-free future,” says Anna Altner, Founder of Yangi. “Closing an oversubscribed round with such strong industrial and financial partners provides us with the foundation to scale. Together, we’re pioneering the next generation of packaging.”

Industrifonden Leads the Investment Round

Anchor Packaging touts itself as being the eighth largest plastic packaging thermoformer in North America, while Georgia-Pacific is one of the leading fiber and tissue product manufacturers. The companies indicate their combination will create synergies to drive growth and innovation, especially to serve the food and beverage sectors.

“This partnership allows us to expand our product portfolio, strengthen our supply chain and accelerate our commitment to innovation,” said Anchor Packaging President and CEO Jeff Wolff in the news release.

The government on Tuesday allowed manufacturers, packers, and importers of pre-packaged goods to revise maximum retail prices (MRP) on unsold stock following changes in Goods and Services Tax (GST) rates, a move aimed at easing the transition for businesses and avoiding packaging waste.

At the heart of the order, issued by the Department of Consumer Affairs under the Legal Metrology (Packaged Commodities) Rules, 2011, companies can revise the MRP on goods manufactured, packed, or imported before the GST revision—either upward or downward depending on the tax change.

A B Graphic International (ABG) has unveiled ABG Flex Pack, a new division that consolidates the company’s expertise in lamination and finishing into the fast-growing flexible packaging sector.

With decades of experience in thermal lamination, pouch finishing systems such as the Digicon 3000, and shrink sleeve technologies installed worldwide, ABG Flex Pack now offers converters a complete, end-to-end packaging solution.

The division is built on three pillars of innovation:

The company aims to raise funds from the Indian stock market through a combination of a fresh issue of equity shares and an offer for sale (OFS) component.

Knack Packaging IPO details
Knack Packaging Ltd is offering a book-built public issue comprising a combination of a fresh issue of equity shares of a face value of ₹10 apiece, amounting to ₹475 crore, along with an offer for sale (OFS) component of up to 70,00,000 or 70 lakh equity shares, according to the draft papers.

Seller Group has agreed to acquire and sell the identified parcels of land (Project Land) for the purpose of development, construction & operation of a Greenfield Chemical Recycling Plant at a Project Cost of about Rs. 1600 crores.