December 2014

broomfield, colo., dec.

&ldquofalling oil prices&rdquo is ruling the headlines nowadays, a paradigm shift from oil prices hovering around 100 per barrel for the past few years supported by surging global demand, particularly in china.oil prices have been falling due to the classic tale of supply demand imbalance. new oil sources have contributed significantly to the global supply.

australianbased global packaging company amcor is buying a chinese flexible packaging business for cny 211m &euro27.6m.the sale will be finalised in the first half of 2015.zhongshan tian cai packaging has one plant in zhongshan, in china&rsquos guangdong province. it has annual sales of about cny 280m &euro36.6m.melbournebased amcor said in a statement that tian cai produces flexible packaging products for the food, beverage and pharmaceutical end markets and supplies chinese and multinational customers.the company was established in 1998.

most retailers will allow returns on holiday purchases until mid to late january. shoppers at a kohl&rsquos store on thanksgiving. joyce marshall startelegramread more here httpwww.startelegram.comnewsbusinessbizcolumnsblogsteresamcusicarticle46737… are by this time next week, you will have spent some time in a retailer&rsquos return line.and you won&rsquot be alone.

as much as 32 of plastic packaging may have been recycled in 2013defra is to consider whether to review recycling targets for plastic packaging, following the release of a report suggesting that the current recycling rate for waste plastic packaging is higher than previously anticipated.the report, which was compiled jointly by valpak and the waste &amp resources action programme wrap, was commissioned by the department for environment, food and rural affairs defra following concerns that the baseline data used to measure the uk&rsquos progress to eu packaging targets is incorrect.

aib and kansas state university collaborate to help pet food companies meet fsma requirementsaib international and kansas state university&39s igp institute have joined forces to help pet food companies meet new federal regulations. the workshop will take place in manhattan, ks from february 2327, 2015.the food safety modernization act is impacting the animal food industry in a big way. for the first time, fda has a legislative mandate to require comprehensive, preventionbased controls across the food supply, including animal food.

shares of packaging corp of america nysepkg have been given an average recommendation of &ldquobuy&rdquo by the ten ratings firms that are covering the stock, ar network reports. three research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. the average 1year target price among analysts that have covered the stock in the last year is 76.38.packaging corp of america nysepkg traded up 0.28 during midday trading on friday, hitting 79.54. 163,027 shares of the company&rsquos stock traded hands.