Article Abstract:
Norcor produces corrugated board, which is a commodity activity, but the company hopes to gain strength from its Norflute product. Norflute is strong for its thickness and is lightweight, which should be of benefit as environmental concerns increase. The company reported a drop in sales for 1997 due to a drop in the prices of board and paper, but prices are likely to rise in May 1998. Sales of conventional corrugated board have benefited from a new marketing team. Norflute exports have been affected by the high value ofpound sterling. The company is likely to perform well over thelong term.
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Article Abstract:
Norcor is affected by overcapacity in the market for corrugated board, in addition to price fluctuations. The company has seen a drop in volume sales as well as prices for full-year 1996. Norcor aims to focus on higher margin products and expand its customer base. Exports to Europe have been hit by the high value of pound sterling and changes in recycled paper prices. The company is cutting costs by shedding jobs and reorganizing warehousing. Norcor's profit is forecast at 1.7 million pounds sterling for 1997 by UBS>
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Article Abstract:
UK packaging producer and wholesaler DS Smith is enjoying strong growth and its shares look a good buy. DS Smith benefits from its diverse operations, which include plastic solutions and corrugated paper packaging.
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