Sealed Air Corp., Elmwood Park, NJ, sales for the third quarter of 2008 increased 5% to $1.22 billion. Sales for the nine-month period increased 8% to $3.68 billion, compared with $3.4 billion for the same period in 2007.
In the third quarter, resin costs peaked and the North American and European economic environment deteriorated,” said William V. Hickey, president and CEO. “Despite these conditions, our food packaging and medical businesses continued to show stable sales performance in the third quarter and year-to-date. Our protective packaging business was more affected by the economy, and unit volumes declined in the quarter, consistent with manufacturing output, shipments and retail sales.
“To offset peak resin costs, we continued to implement price …
Sealed Air Sales Up 5% in 3Q
Sealed Air Corp., Elmwood Park, NJ, sales for the third quarter of 2008 increased 5% to $1.22 billion. Sales for the nine-month period increased 8% to $3.68 billion, compared with $3.4 billion for the same period in 2007.
In the third quarter, resin costs peaked and the North American and European economic environment deteriorated,” said William V. Hickey, president and CEO. “Despite these conditions, our food packaging and medical businesses continued to show stable sales performance in the third quarter and year-to-date. Our protective packaging business was more affected by the economy, and unit volumes declined in the quarter, consistent with manufacturing output, shipments and retail sales.
“To offset peak resin costs, we continued to implement price …
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