The Greenock group, Europe’s biggest producer of plastic film, was particularly hard hit by a 40% jump in its main oil-based raw materials while its Continental rivals gained a competitive edge from a weaker euro.
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% jump in its main oil-based raw materials while its Continental rivals gained a competitive edge from a weaker euro.