News / Upturn in shipping fortunes a bonus for container manufacturers

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A resurgence in demand and new environmental regulations banning solvent-based paints have proved a double-whammy for container manufacturers.

Singamas Holdings, the world’s second largest container manufacturer, today revealed that it expects a $100m turnaround in its financial fortunes as a result of a spike in demand for new equipment.

In a profit alert to the Hong Kong stock exchange, the company said that, based on a provisional assessment of its unaudited management accounts, it expected to report a profit of “not less than $40m” ...