Page 62 - Plastics News June 2026
P. 62
BUSINESS NEWS
Management Occupations jobs accounted for a
12% share of the Indian packaging industry new
job postings in Q2 2024, up by 57% over the pri-
or quarter. Of the industry's total hiring activity,
the highest number of new job postings were for
Management Occupations. UFlex LimitedHir-
ing Focus: Stood as a primary domestic job
creator as they filled highly specialized engi-
neering and technical roles across their ver-
tically integrated flexible packaging plants. It
was followed by EPL that maintained elevated
recruitment levels to support their high-preci- more than $400 million in total identified cost
sion laminated tube manufacturing segments. synergies and integration benefits. According to
Mold-Tek Packaging Limited, consistently reports the deal is likely to close in the first half
hired heavily in tool design and automation of 2027, with Olin shareholders with approxi-
to support their rigid plastic injection-molding mately 54.5 percent of the combined company,
facilities. Futher, Parksons Packaging Ltd. ac- and Huntsman shareholders holding the remain-
celerated corporate and structural manage- der. The business will be headquartered in The
ment hiring, heavily expanding its regional Woodlands, Texas.The merger combines Hunts-
human resource, plant management, and de- man's massive polyurethane, advanced mate-
sign infrastructure to scale domestic graphic rials, and performance products sectors with
packaging output. TCPL Packaging Limite Olin's expertise in alkali products, vinyls, epoxy,
also registered significant hiring growth tar- and Winchester Ammunition. Olin's Ken Lane will
serve as the CEO, while Peter Huntsman will act
geted toward offset printing and post-press as the non-executive chairman . Huntsman's Phil
processing operations to fulfill high-volume Lister will transition to CFO, and the 10-member
corporate contracts. board will feature equal representation from
Huntsman set to merge with Olin both companies.
Huntsman and Olin have announced they are The vertical integration of Olin and Huntsman's
to merge, forming a new company with annu- highly complementary upstream and down-
stream businesses brings together cost-advan-
al revenue of more than $12bn. The all-stock taged North American assets and feedstocks
merger of equals will create a new business with differentiated formulations and high-value
named OlinHuntsman, with Olin’s Ken Lane as advanced materials. From its global manufactur-
its CEO. Peter Huntsman will act as non-exec- ing platform, OlinHuntsman will deliver to diverse
utive chairman, and Huntsman CFO Phil Lister and growing end markets including automotive,
will be the new company’s CFO. The company construction and infrastructure, and industrial
announced that they have entered into a de- applications. OlinHuntsman will have a structur-
finitive agreement to combine in an all-stock ally lower cost position and an expanded abil-
merger of equals to create a leading North ity to convert advantaged Electrochemical Units
American chemicals company. The transac- production into downstream materials, unlock-
tion is expected to generate significant val- ing more opportunities to grow.
ue for shareholders of both companies, with
64 PLASTICS NEWS June 2026
