11th Apr 2011 07:00
11 April 2011
Rexam to build new beverage can plant in northern Brazil
Rexam PLC, the global consumer packaging company, announces that it is to increase its beverage can making capacity to meet the continued growth of the Brazilian market. The new plant, which will be located close to the city of Belém in the north of the country, will have a capacity of 1.2bn cans and is expected to be operational by mid 2012. Rexam's total can capacity in Brazil will increase from c. 11bn at the beginning of 2011 to c.14bn by the end of 2012.
At the start of 2011, Rexam announced that it had signed a long term contract with its largest customer in Brazil which underpins returns on current and future capital investment plans. The new plant is included in these plans.
The building of the new plant will allow Rexam to meet growing customer demand in the coming years and to optimise logistics. The north and north east of Brazil have about a third of the country's population and are the fastest growing regions in the country. Around a third of new investments by Rexam's Brazilian customers are concentrated to these regions.
Rexam will issue an Interim Management Statement on 5 May, 2011.
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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 £5 billion. We have around 100 plants in more than 20 countries and employ around 22,000 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
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