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11 May 23
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Updated: 18 May 23
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Raja Group races
towards $2B sales
Doubled up pkg capacity
Viking flat, now in profits
European packaging giant Raja Group acquired Viking from vulture capitalist Aurelius in Nov'21, projected a +50% sales increase in 2022, boosted by acquisitions and inflation. Enterprising CEO Daniele Kapel-Marcovici continued to invest in logistics, digitization to maximize the customer service experience. We analyse flat real volume results for 2022...
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11 May 23
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Updated: 12 May 23
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Sappi sales sink;
price hikes abate
Packaging+paper volumes
decline cause profit plunge
Sappi, the South African based international paper and packaging maker, reported plunging sales volumes. Whilst acknowledging the business is under pressure, CEO Steve Binnie's minimalistic commentary said little about restoring packaging power, which is just not happening?
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