date:Feb 11, 2014
Schweppes has now cut back on its aggressive discount promotions, citing high input costs such as aluminium, PET and PVC plastics together with utility and distribution costs as the key drivers for the decision, The Australian Financial Review reports.
Schweppes main competitor, Coca-Cola Amatil are also reported to have increased their prices by up to six percent in anticipation that costs of production will face a 2.5 percent hike.
Citigroup analyst, Gino Rossi said that less aggressive disc