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Hopes high as plastics group BPI prepares to announce interims

from Herald Scotland

Scottish plastics group British Polythene Industries will demonstrate its resilience in the face of a 'perfect storm' of adverse headwinds when veteran chairman Cameron McLatchie rolls out interim results on Wednesday. The Greenock group, Europe's biggest producer of plastic film, was particularly hard hit by a 40 percent jump in its main oil-based raw materials while its Continental rivals gained a competitive edge from a weaker euro. At the same time, BPI suffered from a loss of business from major farming customers as a result of a poor growing season and the poor weather last winter also affected its business in the hard-pressed construction sector. more

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