Search Site

Trends banner

Luberef net profit falls 7% in Q1

A fall in by-products sales leads to profit dip.

SABIC net loss $322 million

The company's net profit was $66m in Q1 2024

PureHealth posts $137m Q1 net profit

The Group's revenue increased 8 percent YoY.

Borouge Q1 net profit $281 million

The total dividend paid to shareholders in 2024 $1.3bn.

Emirates expects first 777X delivery in H2 2026

Boeing had pushed back the first delivery to 2026 from 2025.

Sony to begin plastic packaging phase-out next year

Most plastics, including those in packaging and single-use products, do not readily decompose in nature. (AFP)
  • From April 2023, plastic packaging will not be used for some new products weighing one kilogram or less
  • Sony eventually wants to eliminate plastic packaging for larger products like televisions, but no specific time frame has been decided yet
Tokyo, Japan– Sony will start phasing out plastic packaging for small electronic gadgets such as smartphones, cameras and audio accessories from next year, a company spokeswoman said Tuesday.
From April, plastic packaging will not be used for some new products weighing one kilogram (2.2 pounds) or less.The Japanese conglomerate wants to eliminate the material from all containers for newly designed smaller goods by 2025, the spokeswoman told AFP.

“Instead of plastics, we will mainly use paper, and a so-called ‘original blend material’ made from bamboo, used paper and squeezed sugarcane fibre,” she said.

Sony eventually wants to eliminate plastic packaging for larger products like televisions, but no specific time frame has been decided yet, she said.

Most plastics, including those in packaging and single-use products, do not readily decompose in nature.

The material can break down into polluting microplastics, which have been found in all corners of the world and even in some human organs.

Sony has announced a long-term global plan targeting “zero environmental footprint” throughout the lifecycle of its products and business activities by the year 2050.