US: Rexam ups larger can production
Rexam Beverage Can North America has laid out plans to increase its production capacity for 24oz cans by the first quarter of 2008.
The can manufacturer said on Friday (20 July) that it has converted its 12oz line in Winston-Salem, NC, to 24oz and plans to convert more lines by the end of next year.
Unit president and CEO Harry Barto said: "Brand marketers are increasingly realising volume and pricing success with the 24 oz can package across such beverage categories as beer, juices, teas and energy drinks. The speciality size and beverage end capacity expansions we are investing in over the next year represent our commitment to our customers in helping them build their brands and bottom lines."
Rexam recently acquired Russian beverage can maker, Rostar, a subsidiary of Rusal, for US$297m. In 2006, Rostar had sales of US$214m and last December posted net operating assets of US$181m.
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