Coca-Cola CEO James Quincey suggested using more PET plastic bottles if needed to offset President Donald Trump’s 25 percent tariffs of U.S. aluminum imports.

Cola HBC's operating profit rose more than analysts had expected last year due to steady demand for coffee, energy and other ready-to-drink products, sending the bottler's shares nearly 8% to a record high on Thursday.

The drinks company imports aluminum for its cans from Canada, which is likely to be hardest hit by a 25% tariff on aluminum.

Leaders of soda makers, local breweries and major automakers across the U.S. are scrambling to prepare for the impacts of incoming tariffs on steel and aluminum imports that are essential to their production. Announced by the Trump administration earlier this week, the 25 percent tariffs are expected to take effect on March 12.

Coca-Cola may increase plastic use in packaging or raise prices in response to new aluminum tariffs proposed by the Trump administration.