Page 28 - Plastics News October 2018

CompAny nEwS

Four packaging firms unite to form Mauser Packaging

group of commonly owned packaging companies makes steel drums and a variety of steel products,
A heavily involved in plastics is unifying as a single including paint cans, aerosol containers and oil cans.
firm with a new, but familiar name. The move combines Mauser Packaging also reconditions drums and IBC and
Bway Corp., Mauser Group, National Container Group has a fiber drum business.
and Industrial Container Services under the new name
of Mauser Packaging Solutions. The company announced Gas migration dispute may have
the name change this month. Mauser Packaging Solutions
consolidates companies owned by investment firm Stone slowed down BP’s investments
Canyon Industries LLC of Los Angeles. The combined in India
operation, based near Chicago in Oak Brook, in Illinois
has annual revenue of $4 billion annually with 11,000 P’s group chief executive officer Bob Dudley on
employees around the world. BMonday expressed confidence that there won’t be

Along with the new identity, the company also introduced a return of state control on fuel pricing in India and
a new tagline: "Redefining Sustainability." That tagline said that issues such as gas migration dispute “probably
reflects Mauser Packaging Solutions' dedication to better slowed down” its investments here.This comes in the
serving customers of all four legacy companies with backdrop of the Indian government’s plan to challenge
the decision of an international tribunal that has
ruled in favour of Mukesh Ambani-controlled Reliance
Industries Ltd (RIL), and its partners BP Plc and Niko
Resources Ltd, in a gas migration dispute.

The tribunal also awarded costs of $8.3 million to be
paid by the government to the consortium. “I think
the speed of decision making does and will be faster
in the future
in India. But
the s peed
of decision
making is
capabilities that space every phase of the packaging s o mething
process. It also represents the organizations fresh that is not
vision for the future." Mauser Packaging Solutions CEO good for
Ken Roessler said the combined operations allow the Brand India. I
firm to serve customers on a global scale. Combining am very open
the companies gives Mauser Packaging more than 180 a bou t my
locations around the world."When developing our growth views on this,”
strategy we recognized that customers were looking Dudley said at a press conference at the India Energy
for a global partner to deliver sustainable packaging Forum by CERAWeek. The dispute pertains to a $1.55
solutions and close the loop from purchase to reuse," billion penalty imposed on RIL, BP and Niko by India for
Roessler said. Creating Mauser Packaging Solutions brings allegedly exploiting gas reserves belonging to state-run
together a wide variety of plastic packaging including Oil and Natural Gas Corp. Ltd (ONGC) in the course
intermediate bulk containers, drums, jerrycans, pails, of its own drilling activities. The adjacent deepwater
bottles, reconditioned packaging, specialty products fields in question are RIL’s D6 field (KG-DWN-98/3) and
and medical waste containers. The company also makes ONGC’s KG-DWN-98/2 block, in the Krishna-Godavari
packaging machinery for other firms and operates plastics (KG) basin off India’s east coast. RIL, BP and Niko
recycling operations.On the metal side, the company Resources together own the D6 block.

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