Grocer banner

Smurfit Kappa Group (SKG)

Share Price:
Up 2,736.00p
Change Today:
18.00p
Market Cap:
6,509m

Smurfit Kappa releases new lightweight pallet topper

22 Nov 18

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."

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

 

Market Data

Currency UK Pounds
Price 2,736.00p
Change Today 18.00p
52 Week High 2,966.00p
52 Week Low 2,096.00p
Volume 290,802
Shares Issued 237.89m
Market Cap 6,509m

Dividends

  Latest Previous
  Interim Final
Ex-Div 26-Sep-19 11-Apr-19
Paid 25-Oct-19 10-May-19
Amount 27.90¢ 72.20¢