Investment summary

Q3 profit was well up on levels of a year ago and in line with management expectations as Superfos operations and associated synergies continue to feed in at healthy levels. Small portfolio adjustments are consistent with the increasing emphasis on higher value-added product areas. Such actions, together with ongoing acquisition benefits, should sustain above-market growth and a strong share price performance.

Last updated on 27/01/2012

Industry outlook

Plastic is the fastest growing of the high-volume packaging segments owing to its innovation potential and substitution effects compared with other materials. Industry data suggest global polymer supply is coming online at the fastest rate in more than five years, although recent increases in oil prices do affect polymer input costs. RPC does, however, typically recover raw material inflation with a three-month lag.

Last updated on 09/12/2011