Smurfit Kappa sees cardboard box demand recover as WestRock merger on track for July

  • 📰 IrishTimes
  • ⏱ Reading Time:
  • 47 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 25%
  • Publisher: 98%

Smurfit-Kappa ข่าว

Tony-Smurfit

Demand for cardboard boxes had slumped following a pandemic-fuelled spike in demand for durable goods

Smurfit Kappa said demand for its cardboard boxes grew in the first quarter, as the industry recovers from a brief downturn and the company presses ahead with its plans to merge with US rival WestRock to form a paper packaging giant with about $35 billion of annual sales.

It marks a turnaround from a difficult market in 2023, when group volumes declined by 3.5 per cent, even if demand had started to grow again in the fourth quarter. The wider industry had been hit from late 2022 by a drop in consumer spending on durable goods – a hangover from a spike in spending during the pandemic on everything from TVs to patio furniture, as well as concerns about inflation.

The last few months have seen the sector increase prices of certain containerboard products – which are used to make cardboard boxes and had plunged by more than 35 per cent from late 2022, according to analysts. The expectation is that this will lead to increases in the price of boxes – the final product – within three to six months, they say.

“Our integration planning with WestRock is progressing well and as expected,” Mr Smurfit said. “We remain on-track to complete the transaction in early July.”

 

ขอบคุณสำหรับความคิดเห็นของคุณ ความคิดเห็นของคุณจะถูกเผยแพร่หลังจากได้รับการตรวจสอบแล้ว
เราได้สรุปข่าวนี้มาให้อ่านอย่างรวดเร็ว หากสนใจข่าว สามารถอ่านฉบับเต็มได้ที่นี่ อ่านเพิ่มเติม:

 /  🏆 3. in TH

ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว

Similar News:คุณยังสามารถอ่านข่าวที่คล้ายกันนี้ซึ่งเรารวบรวมจากแหล่งข่าวอื่น ๆ ได้

Smurfit Kappa chair declines to unpack details of WestRock acquisitionDublin agm told 2023 had been Smurfit Kappa’s second best financial year ever, achieving revenues of more than €2 billion
แหล่ง: IrishTimes - 🏆 3. / 98 อ่านเพิ่มเติม »