The food and healthcare packaging group also said it is selling three factories in Russia as it quits manufacturing in that country.
, pushed through price increases of 12 per cent in financial 2022 that equated to US$1.53 billion of extra imposts to its customer base after resin, plastic films and aluminium prices soared.
He said there is no way of predicting the size of price rises in the current financial year, although there are some early signs of tempering in some raw material costs.
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