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CANADA: Canadian drinks industry faces increased bottling costs

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Canada's leader in glass bottle making, Consumers Packaging Inc. has appointed a new trouble-shooter Brent Ballantyne as its chief restructuring officer, a move that is expected to lead to an increase in bottle prices for the Canadian drinks industry. In a statement from Consumers Packaging a spokesperson said: "Mr. Ballantyne will manage existing creditors, evaluating proposals for its restructuring or sale, overseeing the development of financial projections and the dissemination of appropriate information to all stakeholders."


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