Major US plastic packaging companies are facing a double squeeze --
falling demand for theirproducts and lowered margins due to the
high cost of raw materials, according to a report fromStandard
& Poor's.
Packaging companies need to transform themselves into more complete
providers across the whole supply chain Sonoco's chief executive
officer Harris De Loach Jr. said yesterday.
Rexam, the world's leading producer of beverage cans, has sold two
flexible packaging plants in the UK to Australian group Amcor for
A$30 million (€17.9 million)
