Rexam has said it is trading in line with expectations this year.

The global packaging group and beverage can maker said yesterday (13 December) that the second half of 2006 was holding up as it had forecast.

"During the second half of 2006, trading in our beverage can and glass operations has continued as anticipated at the half year, despite the challenging cost and raw material climate, which is expected to continue into 2007," Rexam said.

The company subsequently confirmed that it expects 2006 results to be broadly in line with expectations. Preliminary full-year results are expected in February.

In August, Rexam saw pre-tax profits slip by 3% to GBP137m (US$259.4m) from GBP141m in the corresponding period a year earlier. The company blamed rising costs of aluminium for the slide. Sales in the period were up, however, by 20% to GBP1.8bn.