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International forum in Poznań

Poznań will soon turn into an international forum for presenting the latest solutions and technologies in packaging and logistics. The International Packaging Technology and Logistics Exhibition TAROPAK will be held on the grounds of the Poznań International Fair on 15-18 September. It will celebrate its 35th anniversary this year.

Aluminium foil exports increase in 2008

Exports of aluminium foil from Europe showed an increase of three per cent in the first half of 2008 bucking a general downward trend in sales which showed a decline to 432,800t from the record level of 452,000t in first half of the previous year, according to figures from European Aluminium Foil Association (EAFA).

Borealis sees profits softening

Borealis, a leading provider of innovative, value creating plastics solutions, has announced a net profit of EUR 71 million for the second quarter of 2008, a 48% decrease compared to the EUR 137 million of the second quarter of the previous year. The net profit for the first half-year 2008 totalled EUR 201 million, a 20% drop from EUR 250 million in the first half of 2007. Net interest-bearing debt increased by EUR 152 million during the second quarter and by EUR 346 million in the first half-year. As a consequence the gearing ratio rose from 36% in the first quarter to 41% in the second. The primary reason for this increase was the effect of higher input costs on the company’s working capital.

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