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Industry Report Card: Global Packaging Companies Apr 04 Product Image

Industry Report Card: Global Packaging Companies Apr 04

  • ID: 2086315
  • April 2004
  • Region: Global
  • Standard & Poors

FEATURED COMPANIES

  • AEP Industries Inc.
  • Bemis Co. Inc.
  • Gerresheimer B.V.
  • Kleopatra Lux 1 S.a.r.l
  • Pliant Corp.
  • Radnor Holdings Corp.
  • MORE

Abstract
Most of the rated packaging companies across North America, Europe, and Australia reported operating results in line with expectations for the fourth quarter of 2003 and the outlook for 2004 remains generally stable. Still, earnings and profitability for a majority of packaging companies were weaker than anticipated in 2003, reflecting the impact of higher raw material costs (plastic resins), higher energy costs, and unseasonably cold and wet spring/summer weather in the U.S. that resulted in lower volumes particularly for producers of beverage containers. In addition, weak economic conditions have generally limited product introductions by consumer product companies, along with inventory de-stocking by consumers, a shift toward lower-cost packaging, and downguaging by customers in the flexible packaging segment. Still, most of...

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.

Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.

- Avery Dennison Corp.
- Bemis Co. Inc.
- Owens-Illinois Inc.
- Crown Holdings Inc.
- Sonoco Products Co.
- Silgan Holdings Inc.
- Sealed Air Corp.
- Amcor Ltd.
- Rexam PLC
- Applied Extrusion Technologies Inc.
- Berry Plastics Corp. (old)
- Portola Packaging Inc.
- Radnor Holdings Corp.
- Tekni-Plex Inc.
- U.S. Can Corp.
- BWAY Corp.
- Precise Technology Inc.
- Impress Holdings B.V.
- Pliant Corp.
- AEP Industries Inc.
- Graham Packaging Holdings Co.
- Ball Corp.
- Consolidated Container Co. LLC
- BSN Glasspack SA
- Pactiv Corp.
- IFCO Systems N.V.
- Clondalkin Industries Ltd.
- Solo Cup Co.
- Plastipak Holdings Inc.
- Kleopatra Lux 1 S.a.r.l
- Printpack Holdings Inc.
- Kerr Group Inc.
- Gerresheimer B.V.
- Constar International Inc.
- Ardagh Packaging Holdings Ltd.

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