German pack deposits hit DSD in the pocket
The introduction of deposits on disposable drinks containers in Germany cost packaging recycler DSD €300m in 2003, the firm said on Monday. The lost income, which DSD had predicted, was caused by a pronounced market shift to refillables following the deposits' introduction and the absence of a nationwide deposits clearing system. DSD's overall turnover fell €100m to €1.7bn. Other firms in the one-way packaging chain have also reported financial losses from the deposits. Most recently, can maker Rexam was reported to have lost €33m in earnings. See DSD press release and Rexam.