26th Sep 2011 14:30
26 September 2011
Rexam to build new beverage can plant in Finland
Rexam PLC, the global consumer packaging company, is to build a new beverage can plant in Finland.
The plant will be located in Mantsala in south west Finland some 60km north of Helsinki. It represents an investment of c £68m over three years and forms part of Rexam's current capital investment plans. When completed, it will have two lines and a capacity of approximately 1.35bn 330ml and 500ml aluminium cans. The first line is expected to be operational by the start of 2013 while the second line is planned for start up in January 2014.
The Nordic market has shown good growth in recent years and Finland itself has experienced a steady transition from glass bottles to can fillings. In the last five years, the beverage can's share of the pack mix for beer in Finland, for example, has grown from just above 10% to more than 60%.
The building of the new plant will allow Rexam to serve growing customer demand in Finland and the Baltic states in coming years, to optimise logistics and to further enhance plant efficiency across its European beverage can network.
Enquiries
Investors
Sandra Moura, Head of Investor Relations +44 20 7227 4100
Media
Claire Jenkins, Group Director Corporate Affairs +44 20 7227 4100
Richard Mountain, Financial Dynamics +44 20 7269 7186
Notes to Editors
Rexam is a leading global consumer packaging company. We are one of the leading global beverage can makers and a major global player in rigid plastic packaging. We are business partners to some of the world's most famous and successful consumer brands.
Our vision is to be the best global consumer packaging company. Rexam's sales from ongoing operations in 2010 were in the region of £4.9 billion. We have around 100 plants in more than 20 countries and employ close to 19,000 people. Rexam is a member of the FTSE 100 and its ordinary shares are listed with the UK Listing Authority and trade on the London Stock Exchange under the symbol REX. For further information, visit www.rexam.com
Related Shares:
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