Rexam Invests In Central American Beverage Can Joint Venture

Rexam, the global consumer packaging company and the world’s leading beverage can maker, has formed a joint venture with Envases Universales, the leader in the Mexican packaging market, with regard to a new beverage can plant in Guatemala.

Rexam has taken a 50% stake in the joint venture representing a cash investment of $24m (£12m). As this is a fifty-fifty joint venture, it will be accounted for as an associate.

The greenfield plant, located in Amatitlan, Guatemala, was completed in December 2006 and has a current capacity of approximately one billion cans.

The Central American beverage can market as a whole is growing at a rate of about 6% per annum which is expected to continue in the near term. Rexam already has a beverage can making plant in Queretaro, Mexico, and the joint venture strengthens its presence in the region.

Commenting on the joint venture, Leslie Van de Walle, Rexam’s CEO, said: “Emerging markets are a key component of Rexam’s strategy. This joint venture is a very attractive growth opportunity for beverage cans. It gives us a firmer foothold in this growing region and enables us to fulfill our commitments to global and national customers on a local basis.”

600450 Rexam Invests In Central American Beverage Can Joint Venture
Date: 4 June 2007
Source: Rexam

See more news about:

Others also read

This year P-D Refractories is investing around EUR 1.2 million in the expansion of a new post-processing at the Wetro site.
65% of consumers prefer to consume their beverages in glass packaging at restaurants and cafes.
In March 2016 HORN has signed a complete new project contract with Turira for Mina Glass Co about engineering and equipment for a new 240 tpd regenerative end fired furnace with 3 forehearths.
We kindly inform you that Tiama will present during Glassman Middle-East on the 10th of May at 3PM its Tiama HOT lab system dedicated to hot-end measurements of containers dimensions.
Bucher Emhart Glass, the leading global supplier of machinery and equipment to the glass manufacturing industry, has announced the retirement of Ed Munz, Vice President Logistics & Manufacturing (VP L&M), and the appointment of his successor, Juan Pablo Montes.
Orora Limited (ASX:ORA) announces it has committed to invest $42 million in additional glass bottle forming lines at its Gawler, South Australia, glass plant.

Add new comment