date:Aug 04, 2012
sales up a modest 3% to 4% in the quarter.
Segment outlook
In the Food Packaging segment sales were flat for the period ending 30 June, with 3% higher price/mix from Latin and North American pricing actions.
Volumes increased 1% led by 7% volume growth in Latin America, which was muted by 2% lower volumes in both North America and EMEA on lower customer production rates.
Operating profit decreased 26% to $46m, or 9.3% of net sales, due to unfavourable product mix and manufacturing consolida