Analyst Opinion on Owens-Illinois Inc. and Packaging Corp. of America
- Packaging and Containers Mixed in the Third Quarter
LONDON -- (Marketwire) -- 11/08/12 -- The packaging and containers
industry, within which Owens-Illinois Inc. and Packaging Corp. of
America operate, faced certain headwinds in the third quarter.
However, some bright spots remain.
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The recessionary situation in Europe continues to constitute a major
challenge for many in the industry as demand and volumes in the
region declined. For companies with global operations, like
Owens-Illinois, a strong dollar and subsequent unfavorable foreign
currency translation also ate into revenue this quarter. Analyst
opinion on Owens-Illinois Inc. accessible for free at
Many saw their expenses increase due to higher labor and benefit
costs, as well as rises in manufacturing and delivery expenses. See
what our analysts have to say on Packaging Corp. of America. Follow
the Link below
Nevertheless, some industry players were successful in fueling volume
growth outside of Europe and improved pricing and favorable product
mix went some way to offsetting currency exchange headwinds.
Furthermore, improved efficiency, minimized energy, recycled fiber
and chemical costs helped some companies to contain rising costs.
Others seem to be focusing on acquisitions as a way into new
geographies and markets. While the potential for growth via strategic
acquisitions is huge, concerns remain regarding the highly leveraged
state which can ensue.
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