Fri 01/07/2022 05:19 AM
Weener achieved a positive resin spread in October after increasing prices under its quarterly pass-through mechanism. As a result, the Dutch plastic packaging group managed to break even in terms of free cash flow in October after several months of burning cash despite having made quarterly interest payments, sources told Reorg.
Net sales reached €39 million, which was well ahead of the €35 million budgeted and the €30.9 million Weener generated the same month the prior year. The rise was...
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