FDBusiness.com

Plastic packaging set for further price increases

 Breaking News
  • Coca-Cola HBC to Acquire Italian Water and Sparkling Beverages Company in €88 Million Deal Coca‑Cola HBC has agreed to acquire Acque Minerali, a privately-held natural mineral water and adult sparkling beverages business based in Italy. The acquisition is being made in conjunction with The Coca-Cola Company, in-line with previous similar acquisitions. The total enterprise value payable by Coca‑Cola HBC and The Coca‑Cola Company, subject to customary closing adjustments, amounts [...]...
  • Britvic Signs Up to Science Based Targets Initiative Britvic has pledged to pursue bolder greenhouse gas (GHG) emission reduction targets by signing up to the Science Based Targets initiative. Britvic joins around 600 leading companies from around the world in formally committing to independently verified science-based GHG emission reduction targets. Britvic’s A Healthier Everyday sustainability strategy recognises climate change as one of the biggest threats facing [...]...
  • Marks & Spencer Partners Infarm to Bring Urban Farming to London Stores M&S Food is partnering with infarm – one of the world’s most advanced urban farming platforms – to deliver a range of fresh produce grown and harvested in a selection of the retailer’s London stores. Customers will now find a range of fresh herbs – including Italian, Greek and Bordeaux Basils, Mint, Curly Parsley and Mountain [...]...
  • Coca-Cola European Partners to Remove 4,000 Tonnes of Single-use Plastic by Swapping Shrink Wrap For Cardboard in Western Europe Coca-Cola European Partners, will be replacing plastic shrink wrap with cardboard for its can multipacks across Western Europe, removing approximately 4,000 tonnes of single-use plastic per year across the region. This is the latest move in Coca-Cola’s commitment to tackle packaging waste and remove all unnecessary single-use plastic from its secondary packaging. Plastic shrink wrapping is used [...]...
  • EU Leading in Global Agri-food Trade The EU has been confirmed for yet another year in its position as the largest global exporter of agri-food products, with sales reaching €138 billion in 2018. Agriculture products represent a solid share of 7% of the value of EU total goods exported in 2018, ranking fourth after machinery, other manufactured goods and chemicals. Agriculture and [...]...

Plastic packaging set for further price increases

May 15
13:48 2013

The latest European packaging manufacturer to announce it would be passing on raw material cost increases is UK company Paccor, which makes rigid plastic food packaging.

It is active in 13 European countries and has 19 manufacturing sites across Europe and makes packaging for products ranging from ice cream and confectionery to ready meals and dairy products.

In a statement, the firm’s managing director Chris Hart said it would keep prices as low as it could, but that some form of increase was inevitable.

“We want to continue to run a viable business, therefore we have to manage significant increases in the raw materials market in order to remain competitive and sustainable.

“Our prices have been kept very low over a number of years. It is important to stress that Paccor price increases are significantly below the polystyrene (PS) Q1 2013 global material purchase increases.”

Further raw material increases forecast

He said he expected costs to keep growing. “Polymer purchase is by far the largest contributor to the cost of our products. There are further raw material increases forecast in the coming months, which are expected to be in the range of 10-15%.

“Although oil prices seem to have stabilised, we did not see any significant effect on reducing PS purchase pricing as a consequence. In addition, the Euro to Dollar exchange rate remains week and is predicted to stay at its current level, or lower, for some time.

“Faced with these spiralling costs, we have to react to these market trends.”

 

About Author

colin

colin

Related Articles

Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • October 1, 2019PPMA Total Show
  • October 17, 2019Future Food-Tech
  • November 18, 2019Plastics Caps and Closures Conference 2019
AEC v1.0.4

Jobs: Food Packaging

Jobs: New Product Development

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber

Subscribe Here



Advertisements