25 January 2010 19:03 [Source: ICIS news]
HOUSTON (ICIS news)--?xml:namespace>
“Oil in the $70/bbl range becomes a manageable exercise,” said chief executive William Hickey during a conference call with investors.
He noted that the company had become accustomed to dealing with raw material cost volatility in the past few years.
The packaging manufacturer expected double-digit sales growth for developing markets in 2010.
Hickey said the company was well-positioned in Asia and eastern Europe, and the
“But we’ve made no commitments at this time,” he added.
Sealed Air posted 2009 net earnings of $244m (€173m), a 37% increase from $178m in 2008.
($1 = €0.71)
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