Stripping out the effect of the Pactiv figures, Reynolds Group’s 2010 revenues still showed healthy growth, rising 15% to $6.2bn.

In its results presentation, the company said that high volumes, price recovery and expanding manufacturing capacity in China and Brazil had also helped the company’s performance.

Reynolds’ figures also revealed that its capital expenditures increased by 15% to $337m in 2010, with a contribution of $11m from its Pactiv food service and food packaging division.

Elsewhere, the presentation said Reynolds was in the process of combining its Reynolds consumer products and Reynolds foodservice packaging businesses with its Hefty consumer products and Pactiv foodservice packaging businesses.

The firm said: “Once we fully integrate the businesses acquired in the Pactiv acquisition, we expect to generate significant operational synergies and cost savings by the end of 2012.”

SIG

For its SIG division, the Reynolds Group stated that revenues increased by 11% to $1,846m in 2010 ($1,668m: 2009). The Group said that this was primarily driven by increased volume from markets outside Europe and the impact of its Whakatane (New Zealand-based paper mill) mill acquisition which it brought in May 2010

Evergreen

The Reynolds Group also announced that its Evergreen division posted sales of over $1,583m in 2010 ($1,429:2009) The Evergreen Packaging Group manufacturers carton packaging for beverage companies. The firm said the results were driven by higher prices and volumes for its uncoated free sheet and continued market recovery.

Closures and Reynolds Consumer Products Highlights

Elsewhere, the firm also announced that its closure division sales increased by 20% to $1,174m in 2010($980:2009). Improvement in sales were primarily driven by higher volumes, passing resin costs on to customers and a contribution of $52m from its Obrist Americas acquisition in February 2010.

In addition to this, its Reynolds Consumer Products revenue has increased by 16% to $1,378m in 2010 ($1,190m: 2009).

Reynolds Group

Full-year 2010 figures, $m

Sales 9,972 (2009: 5,910)

Sales excluding Pactiv acquisition 6,293 (2009: 5,910)

EBITDA 2,094 (2009: 1,130)

EBITDA excluding Pactive acquisition 1,162 (2009: 1,130)