Euronews is no longer accessible on Internet Explorer. This browser is not updated by Microsoft and does not support the last technical evolutions. We encourage you to use another browser, such as Edge, Safari, Google Chrome or Mozilla Firefox.

BREAKING NEWS

BREAKING NEWS

Packager DS Smith says stocking up on spare parts ahead of Brexit

Packager DS Smith says stocking up on spare parts ahead of Brexit
FILE PHOTO: An employee transports a giant reel of paper at the carboard box manufacturing company DS Smith Packaging Atlantique in La Chevroliere, near Nantes, France, April 25, 2019. REUTERS/Stephane Mahe -
Copyright
STEPHANE MAHE(Reuters)
Text size Aa Aa

(Reuters) – Packaging products maker DS Smith Plc said on Thursday it has made plans for contingency stocking of spare parts as it readies for UK’s planned exit from the European Union, but said disruption to its operations would be “relatively contained”.

The company, which makes corrugated cardboard, recycled paper and plastic packaging, also raised its savings target from its acquisition of Spanish rival Europa to 70 million euros (£62.3 million) from 50 million euros.

(Reporting by Justin George Varghese in Bengaluru; Editing by Saumyadeb Chakrabarty)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.