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Prices & Quotes - UK Markets - Smurfit Kappa Group (SKG)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Up 3,214.00p
Change Today:
58.00p
Market Cap:
8,292m
Sector:
General Industrials

Smurfit Kappa releases new lightweight pallet topper

By Josh White

Date: Thursday 22 Nov 2018

LONDON (ShareCast) - (Sharecast News) - Smurfit Kappa has invented a sustainable new alternative for the heavy wooden, chipboard and plastic boards that are used to protect palletised products during transport and storage, it announced on Thursday.
The FTSE 100 packaging giant said a team of Smurfit Kappa designers in its Hexacomb operations had collaborated to identify a food-safe and innovative solution that would be suitable for a range of sectors, including those which have stringent hygiene regulations.

It said 'TOPPSafe' is made from 100% paper-based material, and crafted from Hexacomb which it described as lightweight and strong due to its honeycomb structure.

A number of Smurfit Kappa's customers were reportedly struggling with the weight and inflexibility of the more traditional wooden, chipboard and plastic pallet tops that were currently used in supply chains, and were often dropped causing a risk of injury.

As TOPPSafe was significantly lighter, it was described by Smurfit Kappa as easier to handle, making it more suitable for manual handling.

The TOPPSafe pallet top offered a number of benefits, the Smurfit Kappa board said, including the fact that it was supplied flat to reduce storage space, and the material was fully recyclable.

"We are very excited about launching TOPPSafe because it has the potential to have a transformative effect on the supply chain," said Wim Peeters, managing director of Smurfit Kappa Hexacomb.

"The feedback from the customers who have been using it already has been unanimously positive.

"At Smurfit Kappa, we aim to come up with solutions that score highly when it comes to safety, sustainability and innovation."

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SKG Market Data

Currency UK Pounds
Price 3,214.00p
Change Today 58.00p
52 Week High 3,332.00p
52 Week Low 1,944.00p
Volume 781,456
Shares Issued 257.98m
Market Cap 8,292m

Performance Indicators

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What The Brokers Say

Strong Buy 6
Buy 1
Neutral 2
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
  2nd Interim Interim
Ex-Div 19-Nov-20 13-Aug-20
Paid 11-Dec-20 11-Sep-20
Amount 27.90¢ 80.90¢

Trades for 27-Nov-2020

Time Volume / Share Price
16:37 22,601 @ 3,202.00p
16:35 231 @ 3,214.00p
16:35 231 @ 3,214.00p
16:35 1,718 @ 3,214.00p
16:35 483 @ 3,214.00p

SKG Key Personnel

CEO Tony Smurfit