Robinson to close US paperboard business
Robinson, the plastic and paperboard packaging manufacturer, today (22 December) announced that its 2010 results were expected to show that revenues had grown by 13% compared to the previous year, which more than reverses the 8% fall seen last year. However, it also said it was closing its North American paperboard business.
The increased revenues were partly due to higher selling prices resulting from increased raw material costs, the company said in a trading statement.
The North American paperboard business, which has been loss making in recent years and represented 6% of Group revenues in 2009, had continued to suffer from exposure to the US market and adverse exchange rates, the company said. After conducting a review of its available options, Robinson had decided to place this business into administration with immediate effect.
Based in Chesterfield, with additional manufacturing facilities in Kirkby-in-Ashfield, Stanton Hill (Nottinghamshire) and Lodz (Poland), Robinson currently employs around 350 people. Its customers include Proctor & Gamble, Nestlé, Kraft, United Biscuits, Northern Foods, Masterfoods, Bakkavor, Unilever, Avon, Boots and Dr Oetker.
