24th Aug 2006 07:02
Rexam PLC24 August 2006 Rexam to build new beverage can plants in Russia and Brazil Rexam, the global consumer packaging company and the world's leading beveragecan maker, announces that it is to build its second beverage can making plant inRussia as well as a new can end making plant in Brazil. Russia The new plant in Russia is in Chelyabinsk in the Urals. Customers have alreadymade important can filling investments in the Central and Eastern area of Russiawhich has a population of more than 60 million people. Customers are expected toinvest further to meet the significant and growing consumption which today isbeing satisfied by filled cans supplied from outside the Urals. The greenfield aluminium can plant will consist of one production line with anannual capacity of 800 million cans and will be able to swing between 33cl and50cl can manufacture. It is due to come on stream in early 2008 and representsan investment of some US$73m (£39m) mainly in 2007. Brazil The new plant in Brazil is an end making facility which, along with the currentend plant in Recife, will be used to satisfy Rexam's can end needs in Brazil andother countries. The plant will be located in Manaus in the Amazonas state inthe north of Brazil. Due to come on line at the start of 2007, it represents aninvestment of around US$33m (£18m) in the remainder of 2006 and early 2007. Commenting, Lars Emilson, Rexam's Chief Executive, said: "These are bothsignificant investments to capture growth. Taken together with the recentinvestment in the new plant for Red Bull, the acquisition in Egypt and furtherconversion of lines to new sizes, they demonstrate that we are firmly committedto growing alongside our customers and consolidating our leadership position inthe global beverage can industry." 24 August 2006 Enquiries Lars Emilson, Chief Executive +44 20 7227 4100David Robbie, Group Finance DirectorAndrew Mills, 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 many 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. We have some 25,500people in more than 20 countries. Three things characterise us - leadership inour industry, our commitment to innovation and our passion to deliverexceptional value. Rexam has an ongoing turnover of approximately £3.4 billionand is a member of the FTSE 100. Rexam's ordinary shares are listed with the UKListing Authority and trade on the London Stock Exchange under the symbol REX.For further information, visit Rexam's web site at www.rexam.com. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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