8th May 2007 13:24
Rexam PLC08 May 2007 Strike ends at US Rexam beverage can plants Rexam, the global consumer packaging company and the world's leading beveragecan maker, is pleased to announce that the United Steelworkers union approved anew five year labour contract at the weekend. Consequently, the strike thatbegan on 11 April at nine of Rexam's US beverage can plants is now over and thesites affected are back in operation. As indicated in the trading update issued on Thursday 3 May in conjunction withthe Annual General Meeting, it is estimated the strike will cost up to £15m in2007. 8 May 2007 Enquiries Leslie Van de Walle, Chief Executive Officer +44 20 7227 4100 David Robbie, Finance Director Financial Dynamics Richard Mountain +44 20 7269 7121 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 24,200people 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 £3.7 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.In March 2007, Rexam announced that it is to sell its Glass business for €660m(£449m). The deal is subject to regulatory authority clearance and is awaitingcompletion. For further information on Rexam, visit www.rexam.com. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
REX.L