Packaging cos. invest in new technology

By AVI KRAWITZ
August 23, 2006 08:37

Packaging companies have invested some $50 million so far this year in the planning, development and creation of approximately 1,300 new packaging types, the Manufacturers Association of Israel said Tuesday.




Packaging companies have invested some $50 million so far this year in the planning, development and creation of approximately 1,300 new packaging types, the Manufacturers Association of Israel said Tuesday. The investment spans packaging for the food, textile, cosmetic, hi-tech, agriculture and industrial sectors, the Manufacturers said. Revenues from packaging are expected to grow 4% this year to $1.2 billion as exports are forecast to increase 11% to $310m. The sector employs approximately 9,500 workers in Israel and will add around 100 to that by the end of the year, the group said.


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