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Bericap expects growth, plans price hikes
The German Bericap group (www.bericap.com), Budenheim, has reported a 10% increase in sales for 2004 to EUR 345m. By contrast, earnings declined slightly, due to "exorbitant price hikes for plastic resins." Bericap said it expects "further growth" in 2005, adding that price increases for its products are "inevitable," as resins prices show no signs of weakening. The company's plant at Kunshan / China was expanded at the beginning of the year, nearly doubling floor space and a new Egyptian plant is due on stream in April.
29.03.2005 Plasteurope.com [11392]
Published on 29.03.2005