Packaging company Orora Ltd (ASX: ORA) shares have dropped down 0.8% to $3.40 at the time of writing after reaching a 52-week high on May 17 but it is still sitting 21% above its $2.80 share price at this time last year.
Orora this month updated investors on its innovation strategy which is focused on machinery and technology, organisational culture and customer collaboration.
The strategy includes the uptake of ground-breaking digital printing and laser cutting equipment and further investment into its glass business with $35 million put aside to build a new warehouse at Gawler in South Australia.
While the innovation angle looks like a strong growth strategy, it can't be denied that Orora face headwinds from rising materials and operational costs in the future, with its global presence across 7 countries keeping pace, but not booming.
Peer Pact Group Holdings Ltd (ASX: PGH) has had a volatile 12 months in terms of pricing with shares down again today to $5.72 – a decent drop from $6.07 at this time last year – but possibly not a signal of bad things to come with management hoovering up shares earlier this year, according to its registry.
Still in the packaging space Amcor Limited (ASX: AMC) is also down 0.9% to $13.70 at the time of writing after a year of share price declines.
