API hit by sluggish US market
STOCKPORT and Salford packaging firm API Group has warned its half and full-year figures will be down on last year after experiencing a drop in demand in the US.
The group which specialises in laminated board and paper packaging for consumer goods, such as boxes for bottles of whisky, said its Foils Americas arm suffered a sustained fall in orders from the metallic pigment sector and will post a "small loss" for the year.
"The duration and severity of the down-turn has been greater than expected, albeit a reco... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...