Profit fall at PET preform manufacturer

Plastics packaging converter Esterform Group has reported a £10 million ($13m) drop in turnover for the financial year and a decline in profits as the UK market remains competitive and challenging. Based in Worcestershire, UK, Esterform posted turnover of £62m ($80m) for the year compared with £72.6m ($94m) a year earlier. Pre-tax profit fell to…