AUS: Coca-Cola Amatil makes price pledge after recycling ruling
CCA has welcomed the court ruling
Coca-Cola Amatil (CCA) has vowed to cuts its prices in Australia after a court rejected a government recycling scheme.
The company, along with Schweppes and Lion, had made a legal application to have the Northern Territory (NT) scheme – known as “cash for cans” - deemed invalid. And, in a ruling today (4 March) Australia’s Federal Court agreed that the scheme should be abandoned.
The initiative had involved customers paying a AUD0.10 (US$0.10) deposit on cans, which was refunded when returned.
In statement today, CCA heralded the court decision. It added: “This paves the way for us to reduce prices to our customers in the Northern Territory and to give the public time to get back the deposits they have paid.
“We will be reducing our prices as soon as possible and will keep them down until such time as any government action forces us to put them back up.”
However, according to reports, the NT Government plans to appeal the court's decision.
CCA said it supports recycling, but concluded: “Australian families do not deserve to be slugged with yet another cost of living increase that will push grocery prices up when there are cheaper and equally effective alternatives on the table."
MarketLine's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organi...
This report comprises high level market research data on the Guatemala beer industry, published by Canadean. The report covers the total market (on- and off-premise) and includes valuable insight an...
- A tobacco analogy soft drinks will want to embrace
- Pernod's Portman Group penalty - a coincidence?
- just The Preview - SABMiller's Q1
- just Five Years Ago: A-B InBev sells Oriental
- Cleaning China's seedier side brings Remy balance
- Diageo faces public consultation over W&M sale
- William Grant silent on Drambuie bid talk
- Diageo's Captain Morgan Facebook ad banned
- Bacardi to fight US football team legal action
- Remy posts Q1 sales drop as Edrington loss bites