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September 2010
Aptargroup, Inc. announced the Company will host an Analyst Day on Wednesday, September 8, 2010 beginning at 8:00 a.m. EDT. Senior executives from the Company will make a presentation and then answer questions from a live audience. Interested parties can access the presentation slides and listen live to the presentation and the question and answer session by visiting the Investor Relations page Aptargroup's web site at www.aptar.com. A replay of this event will be available on the web site for 30 days.
Aptargroup, Inc. is a leading global supplier of a broad range of innovative dispensing systems for the personal care, fragrance, cosmetic, pharmaceutical, food, beverage and household markets. Aptargroup is headquartered in Crystal Lake, Illinois, with manufacturing facilities in North America, Europe, Asia and South America. For more information, visit the Aptargroup web site at www.aptar.com.
SOURCE: Aptargroup, Inc.
Intelligence Minister Heydar Moslehi accused Swedish cosmetics firm Oriflame of trying to harm Iran's security after five of its employees were arrested in August amid allegations of espionage. Iranian authorities closed the Tehran office of the direct-sales cosmetics firm and arrested five of its employees amid allegations that it was running a pyramid scheme and was possibly backed by a spy agency. One of those being held is a dual Swedish-Iranian national. At press time, Oriflame said it has not yet received information as to why its office was shuttered and its employees detained.
In Stockholm, an Oriflame representative said the firm is not involved in any political activities.
"It's very difficult to comment on this because we don't know why our colleagues have been detained, we don't know why the company has been shut down," said CFO Gabriel Bennet. "We are a cosmetics company, we are selling direct. We are of course not involved in any political activities in [Iran]."
Iranian Intelligence Minister Heydar Moslehi was quoted by state television as telling reporters, "Oriflame intended to fight the (Iranian) system. There are no economic reasons behind the company. We realized through the evidence that...intelligence agencies sought to create security problems for the country through this company. These companies operate with outside support and are not engaged in economic activities. They are under the guidance of spy agencies."
Bennet said Oriflame believed the closure and arrests may be linked to its business model, which was to "sell cosmetics and give 40,000 Iranians, mainly women, a possibility to earn money through direct sales." He dismissed any reference to Oriflame operating a pyramid scheme as "ridiculous."
The Consumer Aerosol Products Council (CAPCO) announced that University of Oregon student Tyler Short is the winner of CAPCO's first video contest. CAPCO sponsored the contest to tap into the creative talent of today's video-savvy society in the organization's continuing efforts to use the electronic media to inform people about aerosol products. Chris Wetzel of Cleveland, OH, won second place, and David Molina of Huntington Beach, CA, placed third. Entries were judged on creativity, humor, motivational effectiveness and production quality. Winners received prizes of $1,000, $500 and $250 and the winning videos can be seen on YouTube.
Click here to watch the winner's video
Venezuelan President Hugo Chavez announced in June plans to take over more private companies in Venezuela. One of those companies was Alentuy, which makes aluminum cans, aerosol cans and other products. According to Alentuy's Antonio Nagen Jr., the company is going ahead with projected plans to start manufacturing aerosol cans and aluminum bottles in Jonesboro, AR, with three high-speed lines along with a complete aluminum slug plant in the same location. It is also considering a C2C line for beverage bottles. "We are expecting full payment for the current plant in Venezuela," said Nagen. "However, as of [August], there are negotiations with the government to operate the plant again. Since the takeover in June, all 10 production lines and the slug plant are completely shut down."
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