Australian-based pallet empire Brambles has announced a rise in revenue, but the company is planning an overhaul of its United States interests as it battles a new plastic competitor.

Brambles has announced a revenue jump for the ten months from July 1 2008 to May 2 2009 across its businesses, with the exception of its Recall interests in the US.

According to documents released to the ASX today the company says its pallet and container pooling services company CHEP had experienced growth in all of its global markets.

Growth was most significant in the Americas were revenue grew by 3 percent compared to 2 percent growth in the Asia Pacific and European regions.

That's despite the growing threat in the market from plastic pallet producer iGPS, which has acquired business from companies such as large-scale US food producer General Mills.

Brambles product lifecycle tracking business Recall has also faired well for the same time period and reported sale revenue growth in all regions apart from North America, where it slumped 3 percent. Brambles blames "significantly lower paper revenue in the Secure Destruction Services business".

The company says the restructuring of its US operations will play a major part in survival the global economic crisis.

"Good progress has been made with the initiatives announced at the half-year results which included…[the] accelerated scrapping of 7 million excess pallets in CHEP USA," the company says.

"In addition the outcome of the CHEP USA review is expected to be finalised by the end of September 2009, earlier than previously indicated.

"These initiatives combined with the strong emphasis on new business wins, will underpin the future performance of the business."

Brambles remains adamant its financial position remains strong and says it will continue to focus on improving cash generation, including reducing capital expenditure to reflect lower economic activity.

The company's debt refinancing plan raised US$110 million on the US Private Placement debt market in 2009.