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BPI prepares for profits slide as demand falters

stevenkiernan, 19 December 2007

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British Polythene Industries (BPI) has forecast a drop in profits for 2007 due to “patchy demand” and high raw material costs.

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The company said that sales of silage stretchwrap had increased, but demand for other products was likely to be lower than in 2006. Consequently, the firm predicted around a 15% fall in pre-tax profit for the year to 31 December.

BPI made a similar announcement about the impact of raw material prices on profits 12 months ago, and last May predicted that high costs would continue "for some time".

In August, BPI purchased the AT Films business of Canadian firm AT Plastics in order to take advantage of increasing global demand for biofuels, and introduced the silage storage bags to the companies' range of products.

BPI, which is the largest manufacturer of polythene film, bags and sacks in Europe, will announce preliminary results for 2007 on 3 March 2008.

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