Our other sites
Today's newsletter | Register | Subscribe | Feedback

Coral Products warns on sales and profits

By PRW Staff
Posted 8 February 2013

Coral Products, the technical moulder which produces packaging products, has warned that its turnover and profits for the current financial year will be below expectations, driven by falling sales of CDs and DVDs which need its jewel cases.

When it announced its interim figures in December the group had said that while its Interpack packaging business had performed well in the first half this had been countered by a “disappointing” performance from its media packaging operation.

Since that announcement “media sales have fallen further below expectations and, whilst Interpack remains on budget, it is now unlikely that overall sales and profit targets for the group for the current financial year will be met”, the company said.

Merseyside-based Coral said its stated aim was to rebalance sales and production away from its traditional media packaging sales market – namely CDs and DVDs – which has been in decline for some time.

A number of new food packaging products have been introduced by Interpack in the last quarter, all of which are produced by Coral,” the group said.

The new products cover a range of ice cream and salad containers, sales of which should benefit from the approaching warmer months.”

[ Back ]


Site Index [ + ]
Site Index [ - ]
Home:  PRW.com | Contact editorial | Contact advertising | Features List 2015 | About us
End Markets:  Automotive | Packaging | Construction | Medical | Consumer Products | Rubber
Processes:  Injection moulding | Blow moulding | Extrusion | Thermoforming
Supplier News:  Machinery | Materials | Recycling | Moulds | Design
Polymer Prices:  LME prices | Market outlooks | Resin selector
Industry Issues:  Environment | Regulation Competitiveness
Plastics Knowledge:  Knowledge Bank
Comment:  Champ Chat | Editorials | Business features
People:  Movers & Shakers
PRW Business Directory:  Directory
Classifieds:  Jobs | Classifieds
View:  Mobile | Desktop
Our Events:  PDM | Conferences
Industry Awards:  Industry Awards
Diary: Diary
Advertise with PRW
Subscribe:  PRW print | E-mail products
Reprints:  Reprints
List Rental:  List Rental
Crain Communications:  Crain Communications | Crain Publications

Entire contents copyright 2015 by Crain Communications Inc.
Plastics & Rubber Weekly and PRW.com are published by Crain Communications Ltd (registered in England & Wales No. 01576350).
Registered Office: 100 New Bridge Street, London, EC4V 6JA, United Kingdom.