Canadian packaging materials maker Winpak reported a 17% rise in revenue to $170.7m in the third quarter of 2011, helped by demand for its condiment and speciality beverage packaging products.

Revenue for the first nine months of financial year 2011 increased by 13.2% to $480.5m, an increase of $56m compared to the same period last year.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

The company’s net income for the quarter increased by 9.7% to $14.4m compared to $13.1m in the corresponding quarter of 2010, while net income for nine months increased by 6.6% to $45.3m compared to $42.5m in the comparable prior year period.

Winpak said shipment volumes in rigid packaging increased by over 30% due to demand in condiment and speciality beverage products.

Packaging Gateway Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Packaging Gateway Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now