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British Polythene also said its polymer suppliers were pressing for increases in polymer prices.
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British Polythene shares closed at 250 pence on Friday on the London Stock Exchange.
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British Polythene, which cut 165 jobs last year, said it also benefited from actions taken to align its capacity with demand.
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He has worked with ICI, BP and British Polythene Industries, from where he was seconded to work with Irish Polythene Industries.
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JEFFERSON Smurfit has sold 50 per cent of its Paclene subsidiary in Ennis, Co Clare, to British Polythene Industries for an undisclosed sum.
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British Polythene shares were up 6.5 percent at 220.5 pence at 1227 GMT on Friday on the London Stock Exchange.