Seeking Alpha

The glass is half full for Owens Corning (OI -1.2%) with soda companies (KO, PEP, DPS)...

The glass is half full for Owens Corning (OI -1.2%) with soda companies (KO, PEP, DPS) continuing to see demand for glass bottle products increase at a faster rate than plastic ones. Though glass bottles only account for 2% of soda drink sales, the niche had higher profit margins while boosting sales at a respectable 4.5% clip last year. All three major soda companies say they will try moving more brands to glass.
Comments (4)
  • Swliv
    , contributor
    Comments (132) | Send Message
     
    Let's hope those are all deposit/return/reuse items, right? Yeh, right. Or maybe I'm wrong in my sarcasm. I'm open to correction.
    24 Jun 2013, 03:18 PM Reply Like
  • ernied3
    , contributor
    Comments (4) | Send Message
     
    In these days of environmental sensitivity it is interesting to note that in the old days we got an average of 5 trips on a 12 ounce bottle. But the labor cost was huge. a 24 bottle full sized case weighed 56 pounds.

     

    Ernie Dossin (Detroit Bottler)
    24 Jun 2013, 04:48 PM Reply Like
  • Michael Bryant
    , contributor
    Comments (5438) | Send Message
     
    That's great, because glass bottles:
    1) are less harmful to the environment than plastic bottles
    2) breakdown quicker after being thrown away
    3) have no BPA (which is banned in Canada)
    4) would mean less petroleum would be needed (plastic bottles use petroleum), and thus lower oil and maybe gas prices
    25 Jun 2013, 08:17 AM Reply Like
  • saulmorrison
    , contributor
    Comments (3) | Send Message
     
    Michael Bryant:
    >> 3) have no BPA (which is banned in Canada)

     

    I know that in 2008 Canada banned BPA in plastic items -especially kids baby bottles, but a little is still used in cans including the liner of most cans. Since I'm a Canadian who drinks a lot of Coke i researched it a few years ago and determined that it seemed more harmful if the item put in the can was hot (like soup or other food in cans). In studies associated with Coke and other softdrinks, very little of the BPA can be found from the test subjects.

     

    That being said, i still drink a majority of my Coke in bottles and fully agree with your other points. I just wish bottles didn't cost twice as much as cans.
    thanks, saul.
    25 Jun 2013, 06:13 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector

Next headline on your portfolio:

|