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Govt fixes 8.19% 'return on capital' for jute bag supplies for packaging

14 Feb 2025
PC Correspondent

Indian jute mills will earn an 8.19-per cent "return on capital" for supplying jute bags for foodgrain packaging under the newly approved pricing framework by the Ministry of Textiles, a senior official said.

This implies that mills will earn the predetermined percentage of profit on the capital invested, regardless of market fluctuations of input costs, he said.

According to the Indian Jute Mills Association, the new pricing formula will result in only a 4-5 per cent increase in the price of gunny sack supplies.

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Avery Dennison partners with the University of Memphis to launch RFID in Parcel exhibit

13 Feb 2025
PC Correspondent

 Avery Dennison, a global leader in materials science and digital identification solutions, has announced a new partnership with the University of Memphis Automatic Identification Lab and launched a groundbreaking RFID in Parcel exhibit.

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Supporting a healthier and greener India with our AI

13 Feb 2025
PC Correspondent

For the past five years, the research teams have worked to bring this commitment to India, and they’ve been deeply encouraged by the enthusiasm and support with which the ecosystem here has partnered with them – adapting their AI to local contexts to help strengthen communities and improve lives.

They’ve even highlighted how India can maximize AI’s potential in their ‘An AI Opportunity Agenda for India’ whitepaper.

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Coles adopts VektroPack recyclable paper-based packaging

12 Feb 2025
Vasu Goyal

The move to replace traditional plastic based flexible film with VektroPack’s High Barrier Paper Flex product aligns with VektroPack’s commitment to sustainability, and will play a big part in helping brands meet APCO’s 2025 national packaging targets, the company says. The shift to paper-based film will remove plastic from the recycling stream, and facilitate kerbside recycling of the material by end users. 

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A Fresh Perspective: Highland Park unveils new packaging design

12 Feb 2025
PC Correspondent

New for October 2024, Highland Park has broken out of the traditional look of the past and into modernity with the minimalist bottle design. Gone are the swirling Viking patterns that once adorned the exterior; now the light can shine on the liquid within, giving it the lionshare of the spotlight. Further honouring its Orcadian provenance, a “Product of Orkney” icon has been clearly etched into the bottle.

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PEPSI® BRINGS BACK THE ICONIC PEPSI CHALLENGE 50 YEARS LATER — NOW WITH PEPSI ZERO SUGAR

10 Feb 2025
Press Packagin…

Based on a nationally-conducted taste test, Pepsi® Zero Sugar tastes better and is more refreshing than Coke Zero. To celebrate, Pepsi is bringing it back to where it all started with The Pepsi Challenge—this time, featuring Pepsi Zero Sugar because the brand is confident America will agree it’s the superior zero-sugar cola.

 

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