[China Packaging Network News] it is understood that China will vigorously promote the consumption of aluminum can packaging in the carbonated beverage industry. Aluminum cans are gradually replacing traditional glass bottles. In this way, the annual profit of the beer industry will also rise. What is the specific situation? Let's get to know it with Xiaobian.
China will vigorously promote the consumption of aluminum can packaging in the carbonated beverage industry
Rio Tinto Group, a global mining and metals giant, said China would vigorously promote the consumption of aluminum can packaging in the carbonated beverage industry.
ALF barrios, CEO of Rio Tinto's aluminum sector, said in a recent interview: "in the field of packaging, especially in China's carbonated beverage and beer industry, aluminum cans are gradually replacing traditional glass bottles."
ALF Barrios pointed out that the global aluminum demand will grow at a compound annual growth rate of 4% in the next five years; From 2018 to 2019, the growth rate of global aluminum consumption will be between 3% - 4%. With the implementation of China's capacity reduction plan and the rise of raw aluminum prices, Chinese packaging manufacturers will also increase the capacity of other packaging.
China will vigorously promote the consumption of aluminum can packaging in the carbonated beverage industry
Shares of Chinese beer companies rose on Monday when UBS Group AG and Goldman Sachs Group Inc. both reported that they expected prices across the industry to rise. UBS Group expects that with the overall recovery of demand, the annual profit of the beer industry will increase by 28% between 2018 and 2020.