Commenting on the flexible packaging segment results, Theisen said, “Performance in this segment reflects the positive impact of a manageable raw material cost environment and diligent cost management during the first quarter. While we benefit from our exposure to a diverse range of packaging applications, some of which continue to demonstrate volume growth, overall unit sales volume has declined. These volume levels are consistent with the experience of our customers and reflect the negative impact of weak economic conditions and inflation on consumer demand. Raw material costs increased during the first quarter, which will put some pressure on second quarter results. We have been modifying customer pricing agreement terms to accelerate our ability to adjust selling prices on a more timely basis in 2012 and reduce the impact of raw material cost changes. We expect volume to continue to be weak through the first half of this year and to strengthen during the second half of 2012.”PRESSURE SENSITIVE MATERIALS BUSINESS SEGMENT
Bemis Company Reports 2012 First Quarter Results
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