Rexam to build GBP50m India plant
Rexam also plans to build a factory in north India
Rexam is to boost its beverage can capacity in India with a new GBP50m (US$77m) plant in the south of the country.
The Sri City site, which is expected to open in the second half of next year, will add 800m cans to the company's total production in India, the UK-based company said yesterday. A second factory in northern India will also be built, Rexam said without giving further details.
Craig Jones, sector director for Rexam AMEA, said the investments will “enable us to take advantage of the continued exciting growth of the beverage can in India”.
He added: “Having plants in different locations across the country will ensure we have a better footprint and position to meet the needs of our customers in the region over the long term.”
The UK firm entered the Indian market in 2007 with a beverage can plant in Mumbai. The company partners in the country with Hindustan Tin Works.
Earlier this month Rexam revealed it is in talks to be acquired by US-based Ball Corp in a deal worth around GBP4.3bn.
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