Acquisition boosts RPC turnover
Plastic packaging supplier RPC Group said that revenues in the first half of 2011 will be "significantly higher" than last year's results.
The Rushden-based company said the increase was down to the integration of its acquired business Superfos.
RPC said its sales mix had also improved as a result of continuing growth in higher added value products such as pharmaceutical, long shelf life, personal care and coffee capsules. Further investment will be made into these divisions, the company confirmed.
Operating profit in the first half-year is also set to exceed 2010 results and management expectations, said the company.
Ron Marsh, RPC's chief executive, said: "The improvement in the first-half year performance is encouraging and ahead of our expectations, despite the uncertainties surrounding the general economic environment.
"Based on our innovation capabilities, strong market positions and lean cost and capital base, I believe the Group is well positioned to continue to deliver the performance necessary to achieve its stated aim of 20 per cent ROCE (return on capital employed) by March 2014."
