James Cropper achieves revenue milestone despite profit setback

UK – James Cropper, a leading producer of sustainable papers and packaging materials, announced full-year results showing a 24% increase in sales to US$168.6 million. 

According to the company’s financial update, this growth stemmed from strong demand and secured contracts across its core operations. 

However, profit before tax dropped 53% to US$1.4 million, mainly due to higher net finance costs and one-off exceptional expenses.

The papermaker highlighted its focus on high-performance, eco-friendly materials amid shifting market conditions. 

In a statement, James Cropper noted that the revenue rise occurred despite intense external pressures, including supply chain disruptions and raw material fluctuations. 

The company maintained its commitment to innovation in areas like renewable energy applications, where demand for specialized fibers continues to expand.

Chief executive Steve Adams commented on the performance: “We achieved a good performance for the year with 24% revenue growth in spite of unprecedented market headwinds.” 

He added that the team made significant strides in adapting to new opportunities in sustainable sectors, such as decarbonization technologies requiring advanced, low-impact fibers.

For instance, its CupCycling program repurposes used coffee cups into premium papers and molded fiber products, supporting the shift toward paper as a key sustainable packaging alternative. 

In August, the company partnered with osapiens to enhance supply chain traceability in line with the EU Deforestation Regulation (EUDR), set to impact operations later this year. 

The collaboration uses FibreBlend technology to convert waste streams, like discarded jeans and coffee cups, into fully recyclable paper grades.

Adams indicated that such moves prepare the business for stricter environmental standards while opening doors to global markets.

Looking ahead, James Cropper plans to expand in its key segments: creative papers, luxury packaging, technical fibers, and future energy solutions. 

The executive expressed optimism about leveraging the company’s unified brand to serve a wider customer base. Indirectly, he conveyed excitement over upcoming growth drivers and the team’s global capabilities.

The firm also celebrated a major milestone in September, marking 180 years of papermaking innovation. 

From its origins in colored specialty papers, it has evolved into a provider of advanced sustainable materials. 

This heritage informs current projects, including preparations for the EU regulations through enhanced ESG reporting.

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