Can firm warns it can't keep a lid on its prices

The world's biggest drinks can maker has warned it will increase prices this year in a bid to cover a sharp hike in running costs.

Rexam said its aluminium bill amounted to more than £1 billion a year while it was paying more for the gas used to fire furnaces in its glass businesses.

The packaging giant made the comments as it said strong demand for its drinks cans in North America helped boost its underlying profits by seven per cent to £412m in 2005. It achieved sales of £3.2bn, a rise of eight per cent.

600450 Can firm warns it can't keep a lid on its prices glassonweb.com

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