Smurfit Kappa Group (CDI) (SKG)

Sector:

Manufacturing

Index:

FTSE 100

3,764.00p
   
  • Change Today:
    -2.00p
  • 52 Week High: 3,778.04
  • 52 Week Low: 2,554.00
  • Currency: UK Pounds
  • Shares Issued: 261.09m
  • Volume: 62,366
  • Market Cap: £9,828m
  • RiskGrade: 138

Smurfit Kappa has high hopes for 'pioneering' food packaging

By Duncan Ferris

Date: Thursday 24 May 2018

LONDON (ShareCast) - (Sharecast News) - Paper-based packaging firm Smurfit Kappa on Tuesday launched its "pioneering" MB12 cardboard carton, a fully recyclable board that meets all food safety standards.
The FTSE 350 traded company said the technology, which is designed to prevent the migration of mineral oil into packaged food, has had its efficacy verified by food and pharmaceutical product tester Eurofins.

Furthermore, an independent year-long study by the Technical University of Dresden concluded that Smurfit Kappa's MB12 was the most effective product on the market for protecting packaged food against potential contamination.

Mineral oil, which can be potentially harmful, mainly originates from printing inks which can remain in recycled packaging in low quantities due to the recycling process. Other sources of mineral oil include food additives, processing aids and lubricants used in the food processing industry.

The MB12 product is made using natural ingredients in recycled board, is fully recyclable and can be delivered as FSC chain-of-custody certified.

Available in a range of weights, Smurfit Kappa said that MB12 also protects against organoleptic effects of taste and odour into the food.

Lars Henriksson, VP Product Development at Smurfit Kappa's Paper Division, said: "Our customers have a diverse set of needs and we are committed to helping them find the right primary packaging for their requirements. Product safety remains at the forefront of what we do as an industry. Developing our unique MB12 primary packaging further demonstrates how we are innovating to provide a broad range of sustainable solutions for our customers that not only meet all food safety standards but that go one step further."

As of 1020 BST, Smurfit Kappa's shares were up 0.93% at 3,028.00p.

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

SKG Market Data

Currency UK Pounds
Share Price 3,764.00p
Change Today -2.00p
% Change -0.05 %
52 Week High 3,778.04
52 Week Low 2,554.00
Volume 62,366
Shares Issued 261.09m
Market Cap £9,828m
RiskGrade 138

SKG Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
62.03% below the market average62.03% below the market average62.03% below the market average62.03% below the market average62.03% below the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Price Trend
46.97% above the market average46.97% above the market average46.97% above the market average46.97% above the market average46.97% above the market average
53.85% above the sector average53.85% above the sector average53.85% above the sector average53.85% above the sector average53.85% above the sector average
Income
68.38% above the market average68.38% above the market average68.38% above the market average68.38% above the market average68.38% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Growth
2.92% above the market average2.92% above the market average2.92% above the market average2.92% above the market average2.92% above the market average
71.43% below the sector average71.43% below the sector average71.43% below the sector average71.43% below the sector average71.43% below the sector average

What The Brokers Say

Strong Buy 4
Buy 5
Neutral 0
Sell 0
Strong Sell 0
Total 9
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

SKG Dividends

  Latest Previous
  Final Interim
Ex-Div 11-Apr-24 28-Sep-23
Paid 10-May-24 27-Oct-23
Amount 118.40¢ 33.50¢

Trades for 10-May-2024

Time Volume / Share Price
11:38 525 @ 3,765.76p
11:37 525 @ 3,766.84p
11:36 2 @ 3,764.00p
11:36 4 @ 3,764.00p
11:34 2 @ 3,764.00p

SKG Key Personnel

CEO Tony Smurfit

Top of Page