Kiyo,
Thanks for your information of revised cost and herewith attached please find our final comparison on page2 with your modification taken into account. As a practical condition, we applied your conversion fee for 5 batch/month and ignored the opportunity for applying 1881 closure since the big capex for changeover parts for capper and blower should be necessary.
Then, as a result, we concluded that we had better go with SGB for both Lucozade and Ribena as following aspects.
1) Variable cost for both TFB and SGB looks to be similar at this stage.
2) From LRSA’s point of view, they may have an advantage to control co-packing with only SGB unless the cost deviation looks bigger.
Your kindly understanding would be highly appreciate, however, should you have any doubt or inquiry, please feel free to contact with Hiro or myself.
Regards,
Masa