BPI expects solid first half despite glitches in North American film production

PRW

Published: July 2, 2014 1:38 pm ET
Updated: July 2, 2014 1:43 pm ET

Image By: AT Films Inc. BPI makes agricultural film at its North American operation, AT Films Inc., in Alberta, Canada.

Related to this story

Topics Film & Sheet Agricultural
Companies & Associations

Film maker British Polythene Industries plc said it expects stronger first half results for the first half of 2014, despite a setback in North America.

In an updated issued June 2 in advance of announcing its first half sales on Aug. 29, BPI said that the gains would come “despite a loss in our North American operation where there was a delay in the delivery and installation of the replacement for their largest extrusion line.”

Last year, BPI record first half sales of 282.2 million pounds ($483.2 million) and pre-tax profits of 14.1 million pounds ($24.2 million).

BPI’s North American operations, AT Films Inc., are based in Edmonton, Alberta. It specializes in film for the agriculture industry.

Agricultural film markets in the United Kingdom had “proved resilient,” despite a slow start due to a wetter than normal spring, and volumes had seen “modest improvement,” while other products had seen “continued down-gauging.”

BPI said it expected overall first half volumes to be “slightly ahead” of the same period last year.

Raw material input costs had eased “very slightly” in recent months, “but we are currently seeing increases in July, as polymer producers’ feedstock costs have firmed in Western Europe.”


Comments

BPI expects solid first half despite glitches in North American film production

PRW

Published: July 2, 2014 1:38 pm ET
Updated: July 2, 2014 1:43 pm ET

Post Your Comments


Back to story


More stories

Image

Getting a real feel for how 'vinyl saves lives'

March 27, 2015 6:00 am ET

While I'm certainly not shipping off to Africa anytime soon, I got a taste of what medical professionals go through in the fight against Ebola and...    More

Image

Bubble cooling technology offers quick return on investment

March 25, 2015 9:52 am ET

Gloucester Engineering (Booth W6744) claims its new, retrofitable bubble cooling technology can boost blown film output by as much as 20 percent,...    More

Image

Transilwrap buys Clear Focus, expands in advertising films

March 20, 2015 10:03 am ET

Film extruder Transilwrap Company Inc. has bought Clear Focus Imaging, a manufacturer of printable plastic films for large-scale display advertising...    More

Image

PVC gets a spotlight at NPE for its role in saving lives

March 17, 2015 11:51 am ET

“Ripped from the headlines” is a phrase more associated with prime time television than trade shows. But it does apply to a special...    More

Market Reports

Flexible Packaging Trends in North America

North America represents about 30 percent of the global consumption of flexible packaging. Annual growth in this region is forecast at 4 percent during the next 5 years.

For more insight on growth opportunities, drivers of growth and the outlook for 2015, download this report.

Learn more

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 billion plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

Learn more

Upcoming Plastics News Events

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

More Events