Mondi Group announced yesterday its 2009 full year profits are likely to plummet by around 50 per cent on the back of a “pretty tough” first half of the year and restructuring costs of €128m.
The market for food processing machinery is improving but more slowly than expected with most growth seen in the poultry and fish sectors, said Marel Food Systems.
Pack supplier Rexam says that declining demand for its beverage can products across European markets and planned restructuring of its plastic operations has not dented its debt reduction ambitions.