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The European Printing Ink Association (EuPIA) points again, following a communication earlier in 2021, to an aggregation of factors, mostly triggered by the COVID-19 crisis, which are severely impacting the overall raw material supply chain.
Views: Visits 9 By Peter Egwuatu The COVID-19 pandemic has affected the performance of Chemical and Allied Products Plc (CAP), in the first quarter of 2021, Q1’21, though its operating expenses, OPEX, improved by 258 bases points, bps or 23.3 per cent from 25.8 per cent in the corresponding period of 2020, Q1’20. A review of the Company’s unaudited results released to the Nigerian Exchange Group, NXG, for the first quarter ended March 31, 2021 showed that the revenue of N2.1 billion was lower than Q1’20 by 9.5 per cent while the gross profit was N703 million, a decli...
By Peter Egwuatu The COVID-19 pandemic has affected the performance of Chemical and Allied Products Plc (CAP), in the first quarter of 2021, Q1’21, though its operating expenses, OPEX, improved by 258 bases points, bps or 23.3 per cent from 25.8 per cent in the corresponding period of 2020, Q1’20. A review of the Company’s unaudited results released to the Nigerian Exchange Group, NXG, for the first quarter ended March 31, 2021 showed that the revenue of N2.1 billion was lower than Q1’20 by 9.5 per cent while the gross profit was N703 million, a decline by 39.9 per cent against N...
Covid-19 pandemic deflates CAP’s Q1 performance amid improvement in operating expenses On By Peter Egwuatu The coronavirus, COVID-19 pandemic has affected the performance of Chemical and Allied Products Plc (CAP) , in the first quarter of 2021, Q1’21, though its operating expenses, OPEX improved by 258 bases points, bps or 23.3 per cent from 25.8 per cent in Q1’20. A review of the Company’s unaudited results released to the Nigerian Exchange Group, NXG for the first quarter ended March 31, 2021 showed that revenue of N2.1 billion was lower than Q1’20 by 9.5 per cent. The gross ...
May 4, 2021 PAGEV president Yavuz Eroglu has urged manufacturers to stop purchasing raw materials and opt for recycled content where possible, in order to avoid price inflation A boycott by manufacturers of virgin polymers has led to a 15 per cent price drop in the domestic market, said the president of Turkey’s plastics industry association PAGEV. “We started the boycott in the second half of March and prices declined by about 15 per cent shortly afterwards,” confirmed Eroğlu. “Considering that Turkey uses some 600,000 tonnes of raw material per month, the 15 per cent average reduct...