Page 6 - Packaging News Sep-Oct 2020

6 NEWS |
www.packagingnews.com.au | September-October 2020
TOP CLICKS
1THANKYOU WATER SAYS NO TO PLASTIC, EXITS MARKET Thankyou said it would stop production of
Thankyou Water because, as a social enterprise, it could not justify selling bottled
2water in single-use plastic.
DISPUTE SENDS ICAPSULATE INTO ADMINISTRATION Coffee pod manufacturer iCapsulate went into
voluntary administration less than two years after receiving a $2.5m investment offer
in the biggest deal seen on
3TV show Shark Tank. O-I ANZ SOLD TO
VISY FOR $932M
Visy bought O-I ANZ for US$652m ($932m) in one of the biggest acquisitions
by a locally owned business in Australian history.
4PAPER, NOT FILM KHS Group introduced an alternative to shrink film or wrap-around cartons for cans – its
Innopack Kisters tray packers 5can wrap cans in paper.
GARÇON WINES GEARS UP FOR AUSTRALIAN FLAT BOTTLE LAUNCH UK flat bottle packaging company Garçon Wines
is coming to Australia, it signed on former WISA CEO Matthew Moate as its regional
6market development advisor. JOINT VENTURE TO BUILD
$45M RECYCLING PLANT
Pact, Cleanaway, and Asahi entered into a joint venture to build
a $45m recycling plant in Australia that will recycle the equivalent of 1bn 600ml PET bottles per year.
Orora posts lacklustre results in tough times
TOP STORIES FROM THE PACKAGING NEWS WEBSITE PACKAGINGNEWS.COM.AU
PACKAGING giant Orora’s 2020 financial year results were not stellar, with decreases in nearly all financial metrics, but opera- tions have been resilient despite the Covid-19 pandemic.
Orora’s sales revenue was $3.57m for the 12 months ending on 30 June, which was a 5.2 per cent increase on the previous financial year. This is where the
increases end. EBIT decreased by 14.3 per cent to $224.3m, and NPAT decreased 22.8 per cent to $127.7m.
The results report revealed the Covid-19 pandemic had a significant impact on Orora’s EBIT, which cost an estimated $25m, 90 per cent of which in its North American business.
Looking closer at the
Orora says it will maintain a strong focus on its Australian beverage business.
company’s Australasia opera- tions, the results are ever so slightly brighter. Orora Australasia’s sales revenue was $785.9m, which is a slight increase on FY2019 ($778.7m). EBIT was $147.2m, a 7.4j per cent decrease on last year, mainly as a result, the company said, of the rebuild of its Gawler, SA glass plant ($8m) and Covid-19 (net ~$3.0 million).
“Orora maintained its strong focus on investment in the Australasian beverage business during the period with the suc- cessful rebuild of the G2 furnace and capacity expansion of the Gawler Glass site, which forms part of a ~$200m investment in this world class glass facility over the last five years,” Orora CEO Brian Lowe said.
Pact Group delivers strong results despite pandemic
PACT Group announced a statu- tory net profit after tax of $80.8m for the 2020 financial year, an increase of 4.5 per cent on 2019. And, Pact reported it would recommence the sale process of its contract manufacturing busi- ness after the process was sus- pended due to Covid-19 restrictions.
Pact Group managing director and CEO Sanjay Dayal said the company delivered improved earnings and margins and strengthened its balance sheet.
“These results, delivered in a period where we faced the uncertainty of Covid-19, and the challenges of other macro events, illustrate the resilience of our portfolio,” he said.
“Demand in most consumer sectors was resilient during the Covid-19 affected period, par- ticularly in the food, home care, and hygiene categories. Our strong local manufacturing and service capabilities enabled us to provide security of supply to our customers and respond to their changing needs.”
But, Dayal said underlying volumes in the Australian packaging businesses remained challenging over the 2020 financial year.
“While the industrial sector experienced some benefit in the second half from easing of drought conditions, this benefit was offset by the impact of the bushfires and other macro factors.”
Pact Group CEO Sanjay Dayal