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REX Rexam

645.00
0.00 (0.00%)
07 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Rexam LSE:REX London Ordinary Share GB00BMHTPY25 ORD 80 5/14P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 645.00 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Plant Closure

10/12/2003 7:00am

UK Regulatory


RNS Number:0654T
Rexam PLC
10 December 2003



Rexam takes further action to balance capacity and demand in US beverage can
market

Rexam PLC, the global consumer packaging company, announces that, in a step
designed to bring its beverage can and end making capacity into line with market
demand, it will be closing its aluminum can end manufacturing plant in San
Leandro, California.

The San Leandro end plant, which employs 80 people and manufactures 5.5 billion
ends per year will officially close on 8 February 2004.

Commenting on the closure, Rolf Borjesson, Rexam's Chief Executive, said. "We
are in constant discussion with our customers and suppliers to determine the
best ways to deliver the highest quality products, services and innovation. Our
continuous focus on quality has resulted in increased efficiency throughout our
operations. Thanks to these improvements in productivity and the streamlining of
our distribution chain, customers can be assured that we will be able to meet
their requirements following the closure of this plant."




                                                                10 December 2003



Enquiries

Graham Chipchase, Finance Director                      020 7227 4100
Per Erlandsson, Director Corporate Communications

Financial Dynamics
Richard Mountain                                        020 7269 7291





Notes to Editors



Rexam is one of the world's top five consumer packaging groups and the world's
leading beverage can maker. Its global operations focus on beverage packaging in
metal, glass and plastic, as well as plastic packaging solutions for the beauty,
pharmaceutical, and food industries around the world. The Rexam Group employs
more than 22,000 people in 24 countries worldwide and has an ongoing turnover of
approximately #3.4 billion. Rexam is a member of the FTSE 100. Its ordinary
shares are listed with the UK Listing Authority and trade on the market for
listed securities on the London Stock Exchange under the symbol REX. For further
information, visit Rexam's website at www.rexam.com




                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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