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MarketScreener Homepage  >  Equities  >  Irish Stock Exchange  >  Smurfit Kappa Group Plc    SKG   IE00B1RR8406

SMURFIT KAPPA GROUP PLC (SKG)
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Smurfit Kappa : debuts packaging design challenge

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01/12/2019 | 04:11am EST

Smurfit Kappa, a containerboard producer based in Ireland, launched a Better Planet Packaging Design Challenge for 2019. According to a Smurfit Kappa news release, the company is calling on designers, engineers, inventors and creative thinkers both inside and outside of the company to develop sustainable packaging solutions of the future.

The competition aims to reduce the amount of nonrecyclable packaging waste that is generated every day, which the company reports is one of the biggest challenges facing the packaging industry today. Through the Better Planet Packaging Design Challenge, Smurfit Kappa wants participants to develop an alternative for the plastic stretch wrap that is used around pallets and to develop a fully paper-based parcel with thermal protection for chocolates to use in the e-commerce sales channel.

Applicants can submit an idea to address one or both of the design challenges. The competition is open until March 29. The winner of each design challenge will receive a prize of 8,000 euros and their ideas will be showcased at the Smurfit Kappa Innovation event in May 2019.

According to a company press release, the challenge is part of Smurfit Kappas Better Planet Packaging initiative that started in 2018.

Packaging design has an essential role to play in reducing the amount of waste generated in day-to-day life, and in delivering a more sustainable future, says Arco Berkenbosch, vice president of innovation and development at Smurfit Kappa. Our Better Planet Packaging Design Challenge aims to inspire the worlds design community to work on concrete problems in sustainable packaging design. We are looking forward to seeing the applications and discovering the first winning innovations of the Better Planet Packaging Design Challenge.

(c) 2019 The Times of Israel. All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials (€)
Sales 2018 9 148 M
EBIT 2018 1 109 M
Net income 2018 639 M
Debt 2018 3 185 M
Yield 2018 3,87%
P/E ratio 2018 8,90
P/E ratio 2019 8,42
EV / Sales 2018 0,98x
EV / Sales 2019 0,91x
Capitalization 5 745 M
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Number of Analysts 9
Average target price 33,6 €
Spread / Average Target 39%
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Managers
NameTitle
Anthony Paul James Smurfit Chief Executive Officer & Executive Director
William Ignatius O'Mahony Non-Executive Chairman
Kenneth Bowles Group Chief Financial Officer & Director
Arco Berkenbosch Vice President-Marketing, Research & Development
Richard Schouten Group Vice President-Information Systems
Sector and Competitors
1st jan.Capitalization (M$)
SMURFIT KAPPA GROUP PLC7.08%6 592
INTERNATIONAL PAPER COMPANY9.61%17 918
MONDI8.48%11 101
MONDI LIMITED3.68%11 101
WESTROCK6.46%10 193
PCA - PACKAGING CORPORATION OF AMERICA9.18%8 426