Bemis Company’s latest report to investors indicates an upbeat outlook and a plan for growth, but market analysts are projecting tough times for the packaging supplier and giving its stock a “sell” rating.
Who made it into August's industry movers gallery with job news in the processing and packaging arena? Bemis, Michelman, TriMas Corporation, Schneider Packaging Equipment Co., Toray Plastics and SGS all feature in the gallery.
A trade union representing Bemis workers has questioned the viability of its proposed acquisition of Alcan Food Packaging Americas claiming the deal would leave the company with an excessive debt burden.
Packaging giant Bemis has announced a continuation of its
restructuring strategy following mixed third quarter results. It
seems likely that the move, designed to improve manufacturing
output, will lead to further job cuts. "We...
