22nd Sep 2009 13:00
Rexam plans to close beverage can factory in France
22 September 2009
Rexam, the global consumer packaging company, announces that it has entered into negotiations with employee representatives to close its beverage can making plant in Dunkirk, France, to balance capacity in the European market.
There will be no impact on Rexam's ability to meet customer requirements.
The Dunkirk plant manufactures 33cl and 50cl steel cans and has an annual capacity of approximately 1.1bn cans.
The overall European capacity reduction programme announced at Rexam's half year results, including the closure of the Dmitrov plant in Russia in August, will incur an exceptional cost of £54m, of which £25m are expected to be cash costs, arising mainly in 2010, and will generate savings of £20m in 2010.
Enquiries
Rexam
Leslie Van de Walle, Chief Executive Officer +44 20 7227 4100
David Robbie, Finance Director
Sandra Moura, Head of Investor Relations
Financial Dynamics
Richard Mountain +44 20 7269 7186
Susanne Yule
Notes to Editors
Rexam is the No 2 global consumer packaging company. It is the leading global beverage can maker, and a major global player in rigid plastic packaging. Our vision is to be the leading global consumer packaging company. We are business partners to some of the world's most famous and successful consumer brands as well as young, entrepreneurial start-ups. We offer a broad range of packaging services and solutions for different industries, using different materials and technologies. Three things characterise us - leadership in our industry, our commitment to innovation and our passion to deliver exceptional value. Rexam's sales from ongoing operations are in the region of £4.6 billion. We employ some 24,100 people in more than 20 countries and are a member of the FTSE 100. Rexam's ordinary shares are listed with the UK Listing Authority and trade on the London Stock Exchange under the symbol REX. For further information, visit Rexam's website at www.rexam.com
Related Shares:
REX.L