Tetra Pak reports growth

KARACHI: A further softening of global GDP and rising competition within the liquid food packaging sector made 2014 a challenging year for Tetra Pak, a statement said on Thursday.
Despite this, the company achieved net sales of €10.9 billion, up 1.7 percent from 2013, with strong growth in capital equipment and technical sales, helping to offset a disappointing year for packaging material, it said.
“Against the backdrop of a tough year, with slower packaging material growth than originally expected, we saw clear evidence that our business strategy is working.”