Fibreboard Containers doing well

Press, Volume CXV, Issue 34031, 20 December 1975, Page 18

Fibreboard Containers doing well

| Fibreboard Containers, Ltd,! 'the Christchurch-based manufacturer of corrugated containers increased sales 25 per cent during the 1974/75 year, ; the chairman (Mr R. H. Stewart) announced. Mir Stewart said that the continued increase in profit and turnover had contributed greatly to the company’s current good liquidity and would take the company into the next year in a sound financial position. From annual sales of $255,000 in 1971/72 he said that turnover would exceed $1,000,000 in the 1975/76. year, even under current con-! ditions. During the current year the company had purchased, with the help of a long term ! loan from the Development Finance Corporation. a modern Emba Flexographic machine which was already enabling the company to increase its level of work ’ dramatically. ; “Demand for the company’s products continues to expand 1 and this, with new products and processes, will continue to enable the company to make a substantial contribution to the export sector in [ithe forthcoming year,” said I Mr Stewart. i Dividend for the year had ’ been increased from a 10 per 1 cent to 121 per cent. Fibreboard Containers. Ltd is a private company; among ; its shareholders are a num- ; ber of South Island manu- > I factoring companies.