24th Oct 2005 12:04
Rexam PLC24 October 2005 Rexam secures important volume gains in North American beverage cans Rexam, the global consumer packaging company and the world's leading beveragecan maker, announces that it has agreed the extension of a major contract tosupply beverage cans which will also entail a significant increase in volumessupplied in North America from 2006. Rexam has already made the necessaryadjustments to its portfolio to accommodate the additional need and the newcontract will enable its can making plants to run at even higher capacityutilisation from next year onwards. Whilst the profitability of Rexam's overall beverage can business will notmaterially improve in the short term, the additional volumes are expected tostrengthen Rexam's performance considerably over time. Lars Emilson, Rexam's Chief Executive, said: "As leaders in the beverage canmaking business, we are constantly examining ways to deepen our relationships ina manner that will benefit both our customers and ourselves. Our focus is ondelivering value through quality products and relentless attention to costthroughout the supply chain. This requires long-term planning and long-termcommitment from all parties. This important contract extension will provide uswith a broader platform on which to drive further efficiencies." 24 October 2005 Rexam PLC 020 7227 4100Lars Emilson, Chief ExecutiveDavid Robbie, Finance DirectorAndrew Mills, Group Communications Director Financial Dynamics 020 7269 7291Richard Mountain This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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