Sealed Air Corporation (SEE) 2003年年度报告「NYSE」.pdf

1、Making a difference in our business and in our world2003 Annual ReportThe color portion of Sealed Airs 2003 Annual Report is printed on 100%recycled content paper producedentirely at the Companys Reading,PA facilities.1The year 2003 reflected the strength of Sealed Airs global organizationand the va

2、lue of our longstanding commitment to continuous improvement in our business.We achieved record net sales in 2003 byleveraging our global reach,which now encompasses operations in 50 countries.During the year,Sealed Air completed a significant recapitalization that we expect will provide ongoing ben

3、efits for ourbusiness and our stockholders.We invested in three new manufacturingfacilities to meet the growing needs of our customers.Moreover,wecontinued to make a difference in our business and in our world throughour products and through our World Class Manufacturing initiatives.Our net sales in

4、creased 10%for the year,which helped us to meet ourdiluted earnings per common share expectations for 2003.In fact,weachieved new quarterly sales records in each of the last three quartersof the year.Although the positive effects of foreign currency translationwere a significant part of our growth i

5、n net sales for the year,everyregion of our business delivered a positive contribution to growth evenexcluding the currency effects.Sealed Airs food packaging segment benefited from our global operations,as well as strong results in our strategic growth programs.Overall,Sealed Airs food packaging se

6、gment sales increased 12%,or5%excluding the effects of foreign currency translation,which helpeddrive an 11%increase in operating profit for the food segment in 2003.Our leadership position in the global case ready packaging andvertical pouch packaging markets as well as the strength of our globalpe