August 6: Cost reductions and improved margins on aerosol cans drove up profits at North American general line packaging manufacturer BWAY Holding Co in its third fiscal quarter ended on 28 June.
Pre-tax profits (excluding depreciation and amortization) from its canmaking operations increased 28 percent year-on-year to $30.7 million. Sales from the canmaking division were $158.1m, up 1 percent due to higher selling prices driven by the pass-through of higher steel costs and largely offset by a volume decline of 18 percent.
