Smurfit Kappa Group (CDI) (SKG)

Sector:

Manufacturing

Index:

FTSE 100

3,752.00p
   
  • Change Today:
    -14.00p
  • 52 Week High: 3,778.04p
  • 52 Week Low: 2,554.00p
  • Currency: UK Pounds
  • Shares Issued: 261.09m
  • Volume: 67,127
  • Market Cap: £9,796m
  • RiskGrade: 138

Emissions down, profitability up as Smurfit Kappa installs new equipment in Kent

By Josh White

Date: Thursday 27 Sep 2018

LONDON (ShareCast) - (Sharecast News) - Smurfit Kappa announced on Thursday that it has begun operating a "sophisticated" combined heat and power plant (CHP) to reduce emissions and increase the profitability of its Townsend Hook Paper Mill in Kent.
The FTSE 100 packaging giant said the new CHP, which provided steam and electricity for the paper machine, would cut the mill's carbon footprint by at least 15%.

Earlier in the year, the company reported reaching its fossil CO2 emission reduction target three years ahead of schedule.

The multi-million pound investment in the mill also increased the capabilities of the Townsend Hook paper machine to meet the growing demand in the UK and Ireland for lightweight containerboard, Smurfit said.

It said that was used to make corrugated packaging, which was "sought after" in a growing number of applications due to its renewable, recyclable and sustainable nature.

"We are delighted to have started operating the new CHP in Townsend Hook a month ahead of schedule," said Smurfit Kappa Recycled Paper West chief executive officer Jelte Bouma.

"The increased capability and efficiencies will help us to deliver an even better service to customers.

"The environmental benefits associated with the new project are also in line with the wider strategic sustainability priorities of Smurfit Kappa."

Smurfit Kappa said the Townsend Hook Paper Mill was one of a European network of its paper mills, which were connected by a single, optimised supply chain system.

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 3,752.00p
Change Today -14.00p
% Change -0.37 %
52 Week High 3,778.04p
52 Week Low 2,554.00p
Volume 67,127
Shares Issued 261.09m
Market Cap £9,796m
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
12:14 2 @ 3,748.00p
12:09 6 @ 3,752.00p
12:08 79 @ 3,752.00p
12:06 9 @ 3,748.00p
12:04 34 @ 3,750.00p

SKG Key Personnel

CEO Tony Smurfit

Top of Page