DS Smith plans to concentrate capital expenditure for 2007/08 on the extension of manufacturing facilities for retail-ready packaging (RRP) in France and the UK.The packaging and paper group's capital expenditure will include the completion of the manufacturing upgrade at the Kemsley paper mill and investment in UK and French box-making plants.
DS Smith's sales of corrugated packaging have grown significantly in Continental Europe and it has gained share in all its major markets, according to its annual report, published this month.
Sales growth has been particularly strong in Italy, Poland and Turkey.
The company continues to increase prices in paper and corrugated packaging to recover higher input costs.
Click here for the annual report from DS Smith.
Source: packagingnews
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