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."
- Whatever happened to binge Britain? - comment
- The dangers of squaring up to your competitor
- How to turn a domestic spirit into a global brand
- The US beer market - A level playing field for all
- Remy Cointreau's Q2 and H1 - preview
- Sidney Frank CEO to head Clooney's import co
- Diageo sells off United Spirits' Bouvet Ladubay
- Captain Morgan distillation trial queried by USVI
- Irish whiskey brands could fail without bulk
- Sazerac sues Brown-Forman over Tennessee Fire
- Global Beer Trends 2015 : Global Beer Trends and Long-term Forecasts
- Global sparkling wine insights - market forecasts, product innovation and consumer trends research
- Future growth opportunities for global spirits
- Global Scotch whisky insights - market forecasts, product innovation and consumer trends research
- Global Wine Market to 2019 - Market Size, Development, and Forecasts