Rexam Share Price (REX) - Buy REX Shares

Rexam Plc is the World's second largest consumer packaging company with a turnover in the region of £3.6 billion and employs 22,000 people across 20 countries. Its global success can be traced to the four principals constituting 'The Rexam Way': trust, teamwork, innovation and continuous improvement of their products.

Originally founded in 1881 by William V. Bowater who created a company of paper agents in London, which became a limited company in 1920 before entering paper manufacturing in1923. Throughout the 1940s and 1950s Bowater began to diversify its packaging range, while the 1970s saw the company enjoy conglomeration with interests in a diversity of markets. In 1995 Bowater changed its name to Rexam with the core business strategy being consumer packaging. By 2001 this packaging giant was the world's largest beverage can maker, contributing to beverage, healthcare and food markets. Rexam continued to grow worldwide and notably strengthened its global position in plastic packaging through further company acquisitions.

During the first half of 2008 Rexam achieved high growth and higher margin segments and emerging markets than in 2007. Despite the uncertain economic climate, Rexam witnessed a good overall performance in the beverage can market with further growth expected. Good performance is due to reducing the company's exposure to the risk of aluminum prices rising through negotiating contracts with its North and South American can businesses. The acquisition of OL Plastics and Rostar in 2007 helped underlying operating profits to rise by 47% with the price per share increasing to 17.0p during the first six months of 2008.

This leading player in the packaging and beverage industry continues to focus on delivering consistent growth despite the current challenges of the global market.