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Unilever sees a fall of 39% year on year in Q1

Unilever has promised to step up innovation after reporting a 39% year-on-year drop in profit before tax to $1.5bn for the first quarter of 2009.

Sales for the first-quarter period remained relatively steady, despite the economic situation, dropping just 1% to $13.bn compared to the same period in 2008.

Unilever chief executive Paul Polman said: "First quarter results were solid given today’s trading environment, with growth of 4.8% and underlying margins maintained, before

Plastic producers in ME aim to grow overseas

Producers of plastics for packaging in the Middle East are targeting overseas growth, according to research firm Applied Market Information.

AMI said that domestic demand growth in the region was still strong and that several large investment projects showed that firms were now "investigating the potential" for international business.

Firms such as 3P, Taghleef Industries and Octal Holdings have invested heavily in the area and polymer capacity is expected to increase by 15

Global launch of new printers for packaging

A new range of single pass printers aimed specifically at the packaging and labelling markets, among others, has now been launched globally.

These new OMEGA printers, which the company, Atlantic Zeiser claims comes with a wide range of applications suited to these markets, is also being targeted at industrial product marking, commercial printing and card markets.

Ernst Walbrodt, manager of Dentsply deTrey GmbH, a company which focuses on dental packaging said: “This inkjet printing

Food packaging could grow by 15% annually

The Middle East’s food packaging industry is expected to grow by 10% to 15 % annually. This according to Al Bayader International, distributor and manufacturer of food packaging products for retail and catering.

According to online media reports, the Middle East’s labelling sector is also growing.
It is said that the worldwide labelling business is growing at 6% to 7% annually with the Middle East expanding rapidly. This as European, Japanese and American markets slow down

Dubai plastics a multi-million dollar industry 2009-02-01 23

Dubai’s plastic sector recorded $270million in exports and $350m in re-exports in 2007.
This according to the Dubai Export Development Corporation (EDC).
It has been estimated that the value of plastic annual production in Dubai is around $350m.
 The total number of plastic industries in the UAE in 2007 was around 505 units with a 153 of these being in plastic bags and packaging.
This based on exports of around $265m in 2007 and the assumption that 75% of production is