3rd Nov 2006 07:00
Rexam PLC03 November 2006 Rexam hosts site visits in Chicago 6-7 November 2006 Rexam, the global consumer packaging company and the world's leading beveragecan maker, is hosting visits on 6-7 November to its Beverage Can and PlasticPackaging operations in Chicago, US. Presentations describing the business will be made by senior members of theRexam management team followed by site visits in the Chicago area involving abeverage can plant, a can end plant and a Plastic Packaging facilityincorporating plants for Home & Personal Care, Pharma packaging and mouldmaking. The presentations will be made available on www.rexam.com. During the presentations, Rexam will provide an update on its Plastic Packagingoperation. The majority of the Plastic Packaging sector continues to trade inline with our expectations. However, customer product launches in Make-Upanticipated at the August half year results have not materialised. Whilst thisis expected to result in flat profits for Plastic Packaging in the second halfcompared with the first half 2006, overall it will not have a material effect onGroup profits for the year. Rexam is now initiating the necessary actions toreduce the cost base of its Make-Up operation, largely in South East Asia,resulting in a restructuring charge in 2006 of approximately £10m. 3 November 2006 EnquiriesLars Emilson, Chief Executive +44 20 7227 4100David Robbie, Finance 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 £3.8 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:
REX.L