Smurfit Kappa sees further price rises after record earnings

There is no indication that demand for packaging is slowing down across the global economy.

Smurfit Kappa expects to increase prices further this year to recover high costs after bumper demand and a 19% jump in prices charged for packaging products delivered record earnings amid "unprecedented cost inflation" in 2021.

Europe's largest paper packaging producer predicted last July that inflation was here to stay and Chief Executive Tony Smurfit told Reuters that it increased prices by 6% quarter-on-quarter from October to December.