After US President Donald Trump signed a decree for the implementation of a 25 percent import tax on steel and aluminum imports, Coca Cola said that if the cost of aluminum boxes increases, it could increase the use of plastic bottles.
Coca Cola’s top manager (CEO) James Quincey, 2024 evaluation meeting with investors, made statements on the issue.
Quincey said that after Trump signed a 25 percent import tax implementation decree against steel and aluminum imports, they could use plastic bottles more in case of increasing costs of aluminum boxes.
The 25 percent increase in aluminum prices will not lead to serious costs in the general production process and that the packaging costs constitute a very small part of the total costs, “This is still not insignificant, but billions of dollars will not change the business volume of the US.” he said.
Quinsey, the customs duties brought, expressed a amount of a reaction to this situation should be up to under this situation said.
On the other hand, Quinsey emphasizes that they will turn to alternative channels if the packaging costs increase, “For example, we can use plastic bottles more if aluminum boxes become more expensive.” he said.
Trump, at the ceremony held yesterday at the Oval Office, the US from all countries to the importation of steel and aluminum imports without exception to the application of two decrees had signed.
