The global RFID market is expected to reach US$4.93m in 2008 – a seven percent growth rate from 2007.
Consultancy firm IDTechEx's report, RFID Forecasts, Players & Opportunities 2008-2018, asserts the tagging of pallets and cases, as demanded by retailers, will use around 325 million RFID labels in 2008.
This year 57 percent of the total market value will be spent on cards and associated infrastructure, with US$2.26bn spent on all other forms of RFID.
By 2018 the RFID market will be worth more than five times the current market, driven by the lower cost of tags and installation of more advanced technology.
STAGER ACQUIRES CLEAR PACKAGING
Swiss transparent plastic packaging and thermoformed packaging producer Stager has acquired Clear Packaging of Coventry as a UK base.
The company will be known as Stager Clear Packaging.
Plastic carton, sleeve lid and base producer Clear had a turnover of £3.25m in 2007 and employs 25 people.
The company also has a joint venture in China for customers seeking packaging from an offshore source.
Stager says it plans to invest in the site, which may include machinery for lids, bases and cylindrical/round drums and containers.
CONSTANTIA TAKES STAKE IN BELISCE
Constantia Packaging AG says its business unit Constantia Duropack has acquired a 20 percent stake in Croatia's Belisce d.d..
Constantia says Duropack is now the largest single shareholder in Belsice.
Last year Belisce recorded sales of €172m and employed more than 3,300 people.
Financial details were not disclosed.
DS SMITH PRICES 'SOFTENED'
DS Smith says prices of its corrugated cardboard packaging have "softened" due to slowing demand and it predicts tougher markets this financial year, Bloomberg reports.
In a Regulatory News Service statement, the company says it is "preparing for a more challenging trading environment".
In March the firm said the rate of growth in demand for corrugated packaging in Europe had slowed since the summer of 2007.
International Paper has reported a sharp 69 percent fall in first quarter earnings due to increasing energy and raw materials costs.
The company reported net income of US$133m, compared with US$434m, for the same period last year.
Revenue rose nine percent to US$5.67bn from US$5.22bn, helped by higher pricing.
Chief Executive John Faraci says although pricing was increased throughput the quarter, gains were "more than offset by sharply increasing input costs" and less income from land sales than a year ago.
International Paper says costs for freight, energy and raw materials increased US$90m over the previous financial quarter, while economic conditions cut into demands for paper products, including industrial and consumer packaging.
"Despite a very weak US economy and some uncertainty about when it's going to get better ... we would expect second quarter earnings to be higher than first quarter levels," Faraci says.
International Paper is in the process of buying Weyerhaeuser Co's containerboard business for US$6bn, and Faraci says he expects the sale to close in the third quarter.
The purchase will give International Paper nearly 30 percent of North American's containerboard production.
Source: packaging-technology
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