National Flexible - Twigg´s Times
With a wealth of experience in the packaging industry at the most senior levels, Barry Twigg - National Flexible´s major shareholder and CEO – shares his thoughts and ideas about the latest trends.
Flexibles:- More M&A + Film Prices + Enigma
Flexibles M&A – ‘and another one bites the dust’ (apologies to Queen)
Transformation according to the Oxford English Dictionary is defined as ‘A dramatic change in form or character.’ Thus “Transformation” is an ideal description of what is currently happening in the UK flexibles industry.
Common Themes For 2017: Film Prices, more M&A and Demon Plastic
All bets are off! These were the closing words of our 2017 price forecast. They referred the possibility of Russia and OPEC coming to some agreement on the allocation of oil production Worldwide and they did! This decision moved the oil price 10% overnight, meaning that it doubled in 2016 from a low of $28 dollars $56 per barrel at the time of writing.
2017 Film Prices – Crystal Balls!
For many of us now is the time of year for budgeting, an exercise which requires diligent managers to cast their minds into the future and forecast events, over many of which, they have no control!
Thus the most popular question we are asked every year from our customers is ‘What’s going to happen to film prices in the coming year?’ In effect they are asking us to consider the following variables.
£150 Million Film Price Increase – From Sterling Slump, Lidl & More Self-Assessment
The UK imports by far the bulk of the raw material for converting packaging film. The value of these bulk imports was estimated in 2015 to be circa £1 Billion. In addition there are calculated to be some £400 Million of finished flexible packaging imported, chiefly by large packaging film, convertors such as Amcor the remainder is by the major brand owners who import large volumes of printed film from around the world, primarily to obtain lower prices.
Plastic Packaging Paranoia and Price Update
Plastic Packaging Paranoia:- Ignore It At Your Own Risk
The Anti Plastics lobby becomes more and more vociferous week by week. Anyone who feels this is an exaggeration should consider the following adverse press given to plastics in the last few weeks;-
Film Prices:- The Next Move Plus Plastic is Perfect!
As the holiday season draws to a close, many packaging buyers returning to their desks will be surprised to see that film prices continue their inertia. The surprise comes from the fact that the fall in sterling against both the Euro and the Dollar has not yet stimulated a rise in polymer or film prices. Granted, oil prices have fallen some 15% from their June high of around $50 but Sterling has fallen a similar amount since Brexit, suggesting that currently polymer supplier margins remain static.
Brexit, Film Prices and Self Audits
I think Brexit came as a surprise to most of us and it is for that reason few companies made preparations for the fallout from such a momentous decision.
Having admitted last month to being totally unprepared for the short term consequences to prices of film supplies, as time passes we are now able to take a more balanced view of the price trends which are developing.
NewsFlash – Film Prices & Brexit: How wrong can one person be?
It was only last week that I suggested that polymer and film availability across Europe, Turkey and the Middle East were at their most stable for some years. There were few signs of polymer plant “Outages” and as a consequence film manufacturers had no worries about polymer supplies and no pressure on prices.