QCHINA WPC PELLETIZING MACHINE3 net sales increased by 50%, Bayi International acquired RPC collaborative effects

Date:2022-8-08 Author:Sam

Berry Global Group (Inc. \”Released the financial report of Q3 (April-June), with net sales increased by 50%to $ 2.9 billion, and operating income increased by 61%to US $ 347 million. The growth of net sales is mainly due to the increase in basic sales of US $ 1.092 billion and 2%of the acquisition of net sales. The net sales of consumer goods packaging in various business sectors for performance of consumer goods were US $ 1.020 billion, and the same period last year was $ 52 million. The collaborative effect of acquisition of RPC was realized in advance. In July 2019, Belry completed the acquisition of RPC for $ 6.1 billion. RPC is a leading plastic product design and engineering company with 189 factories in 34 countries. RPC’s international production facilities are now operated by Bayi’s consumer packaging-the International Business Department, and the remaining US facilities operate in the consumer packaging-North American branch. Belry said in his financial report that the acquisition of RPC is a chance to transform and complement Belry. Belry plans to acquire an annual cost synergy of $ 150 million, of which $ 85 million is expected to achieve US $ 85 million in fiscal 2020. Affected by the new crown epidemic, Belry’s health, hygiene and special product business achieved 14%of sales growth, and its net sales were US $ 608 million, an increase of 1%year -on -year; operating income was 84 million US dollars, an increase of 40%year -on -year. The increase in operating income is mainly due to the favorable impact of $ 28 million brought by cost productivity and product portfolio, and the favorable impact of US $ 18 million brought about by basic output growth. QQ Picture 20200805111806.PNG Bayi’s medical, health and cleaner packaging products. The net sales of consumer goods packaging North America’s business were US $ 718 million, a year -on -year increase of 10%. The growth of net sales was mainly due to the net sales brought by the acquisition of some related businesses in the United States of RPC 117 million US dollars, but some growth was offset by the decline in the $ 51 million sales price caused by the transfer of low resin costs. QQ Picture 20200805111837.png Bayi is used in food and pharmaceutical packaging products. The net sales of engineering materials business were US $ 564 million, a decrease of 10%year -on -year. Affected by the new crowns, it is expected that the business of various sectors will maintain low growth in the future. Byli is expected to achieve low double -digit growth in its health, hygiene and special product business in the future. With the mild growth of the food service field and the strong demand for health and the retail market, Belry expects its consumer goods packaging North American business to maintain low single digits. Affected by the new crown epidemic, Belry expects its consumer goods packaging international business and engineering materials business to experience a decline in sales of low individuals and medium digits. However, once the epidemic is gradually recovered, these businesses may achieve low single -digit growth.