Rexam PLC
03 November 2006
Rexam hosts site visits in Chicago
6-7 November 2006
Rexam, the global consumer packaging company and the world's leading beverage
can maker, is hosting visits on 6-7 November to its Beverage Can and Plastic
Packaging operations in Chicago, US.
Presentations describing the business will be made by senior members of the
Rexam management team followed by site visits in the Chicago area involving a
beverage can plant, a can end plant and a Plastic Packaging facility
incorporating plants for Home & Personal Care, Pharma packaging and mould
making. The presentations will be made available on www.rexam.com.
During the presentations, Rexam will provide an update on its Plastic Packaging
operation. The majority of the Plastic Packaging sector continues to trade in
line with our expectations. However, customer product launches in Make-Up
anticipated at the August half year results have not materialised. Whilst this
is expected to result in flat profits for Plastic Packaging in the second half
compared with the first half 2006, overall it will not have a material effect on
Group profits for the year. Rexam is now initiating the necessary actions to
reduce 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
Enquiries
Lars Emilson, Chief Executive +44 20 7227 4100
David Robbie, Finance Director
Financial Dynamics
Richard Mountain +44 20 7269 7291
Rexam is a leading global consumer packaging company and the largest beverage
can maker in the world. Our vision is to be the leading global consumer
packaging company. We are business partners to many of the world's most famous
and successful consumer brands as well as young, entrepreneurial start-ups. We
offer a broad range of packaging services and solutions for different
industries, using different materials and technologies. We have some 25,500
people in more than 20 countries. Three things characterise us - leadership in
our industry, our commitment to innovation and our passion to deliver
exceptional value. Rexam has an ongoing turnover of approximately £3.8 billion
and is a member of the FTSE 100. Rexam's ordinary shares are listed with the UK
Listing Authority and trade on the London Stock Exchange under the symbol REX.
For further information, visit Rexam's web site at www.rexam.com.
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