Smurfit Kappa’s Q2 earnings increase after it raised prices and cut costs
Like its peers, Smurfit has been recovering from low prices reached in a recession that hit demand for consumer products, but has been put under fresh pressure by the rising cost of raw materials such as fresh fibre, wood and recycled paper.
Europe’s leading containerboard and corrugated packaging producer, which slashed costs when demand for its products started falling, responded to the higher input costs by introducing a new €150 million cost-cutting plan earlier this year.
