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Airless Packaging Market research report, a combination of principal aspects such as highest level of spirit, practical solutions, dedicated research and analysis, innovation, talent solutions, integrated approaches, most advanced technology and commitment plays a key role. Hence, while generating this global market report for a client, all of these are firmly followed.
The attention on the overwhelming players
Berk Company, LLC, Sonoco Products Company, ALBEA, Silgan Holdings Inc., AptarGroup, Inc, HCT Group, East Hill Industries, LLC, Cospack America Corp, Viva Group, LUMSON SpA, Rieke, HCP Packaging, FUSIONPKG, RPC Group Plc, TricorBraun, WWP, RAEPAK LTD, BALL CORPORATION, Ningbo Gidea Packaging Co.,Ltd and Amcor plc.
Kickstart: A quarter to remember
A quarter to remember
Quarterly reports are coming in for companies in the plastics industry, and the early signs show that most are seeing a big rebound since the COVID-19 pandemic nearly shut things down a year ago.
Strong numbers are coming in from materials suppliers Avient Corp. with a 63 percent sales growth and LyondellBasell sales up by 21 percent and equipment companies, where film machinery maker Brückner Maschinenbau GmbH saw sales of more than $660 million compared to $480 million.
Big end markets are seeing strong results, too. Packaging firm Silgan Holdings Inc. posted record profit for the quarter and Ford Motor Co. just posted its best quarter in a decade, making more than $3 billion.
Thank you for joining the Silgan Holdings First Quarter 2021 Earnings Results Conference. [Operator Instructions]
At this time, I would like to turn the conference call over to Ms. Kim Ulmer, Vice President, Finance and Treasurer. Please go ahead, ma am.
Kimberly I. Ulmer
Vice President, Finance and Treasurer
Thank you. Joining me from the company today, I have Tony Allott, Chairman and CEO; Adam Greenlee, President and COO; and Bob Lewis, EVP and CFO. Before we begin the call today, we would like to make it clear that certain statements made today on this conference call may be forward-looking statements. These forward-looking statements are made based upon management s expectations and beliefs concerning future events impacting the company and, therefore, involve a number of uncertainties and risks, including, but not limited to, those described in the company s annual report on Form 10-K for 2020 and other filings with the SEC. Therefore, the actual results of operations or
Despite rising resin prices, Silgan reports record profit
Silgan Holdings Inc. s plastics operations include thermoforming, blow molding and injection molding.
Despite supply chain disruptions and massive resin price increases, rigid packaging company Silgan Holdings Inc. posted a record first-quarter net profit of $73.3 million.
In plastics, Stamford, Conn.-based Silgan is a major blow molder, injection molder and thermoformer. It also has metal packaging operations.
The publicly traded company also announced name changes for its plastics businesses. Plastic Containers is becoming Custom Containers, while Closures is now Dispensing and Specialty Closures.
In an April 28 call with analysts, officials highlighted that profit grew despite power and supply chain disruptions associated with winter storms across the Southern U.S. and unparalleled increases in resin costs.