The rigid plastic packaging firm published its interim management statement this morning (31 January).
In its statement, the company said: “When adjusted for this effect, profitability during the period on a constant currency basis improved due to the enhancement of the sales mix and cost efficiency measures.”
It expected that the polymer time lag effect will have a positive impact in the final quarter, as selling prices would be increased to reflect the higher polymer prices experienced in the third quarter.
RPC also said that sales volumes, as measured in polymer tonnes converted, in the third quarter were on a similar level to the same period in 2011.
This was in spite of a more extended shutdown by many customers over the Christmas period.
The company said:”Activity levels in January are generally good notwithstanding the challenging macro-economic conditions. The improvement in the sales mix towards higher added value products such as coffee capsules continues.”