19th Oct 2007 07:01
Rexam PLC19 October 2007 Rexam Rexam to build new beverage can plant in Denmark to meet growth in Europe Rexam, the global consumer packaging company and the world's leading beveragecan maker, announces that it is to build a greenfield aluminium beverage canplant in Fredericia, Denmark. The new facility, which is the first of its kind in Denmark, represents acapital investment of some £78m (Euros 112m) spread over three years, two thirdsof which will be incurred in 2008. The plant is expected to be operationalduring the first half of 2009 and is being built in response to strong growth inthe region and increasing customer demand. It will initially have a capacity of1.2bn cans and produce 33cl and 50cl cans. Due to this strong growth, the European beverage can industry overall is runningat very high utilisation rates. The new plant supports Rexam's capacity needsand will help to optimise its supply of beverage cans to the Northern Europeanmarket. Leslie Van de Walle, Chief Executive Officer, Rexam, commented: "This is asignificant investment for our customers and for Rexam. The European beveragecan market, excluding Germany, has grown annually by 8% in recent years and isanticipated to continue to grow at a similar rate over the next three yearsfuelled, among others things, by strong growth in the Nordic region. Our newplant will enable us to capture growth, better serve our customers and furtherconsolidate our global leadership position in beverage cans." 19 October 2007 Enquiries Leslie Van de Walle, Chief Executive Officer +44 20 7227 4100David Robbie, Group Finance DirectorJonathan Thornton, Group Communications Director Financial DynamicsRichard Mountain +44 20 7269 7291 Rexam is a leading global consumer packaging company and the largest beveragecan maker in the world. Our vision is to be the leading global consumerpackaging company. We are business partners to some of the world's most famousand successful consumer brands as well as young, entrepreneurial start-ups. Weoffer a broad range of packaging services and solutions for differentindustries, using different materials and technologies. Three thingscharacterise us - leadership in our industry, our commitment to innovation andour passion to deliver exceptional value. Following the acquisition of O-IPlastics, Rexam's sales from ongoing operations are approximately £3.7 billion.We employ some 23,500 people in more than 20 countries and are a member of theFTSE 100. Rexam's ordinary shares are listed with the UK Listing Authority andtrade on the London Stock Exchange under the symbol REX. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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