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 glassonweb.com

See more news about:

Others also read

Raising our glasses to the glass industry!
Glass is a popular and indispensable packaging material for food and beverages of all kinds. Current product trends and innovations in production will be presented by manufacturers at glasstec 2018 in Düsseldorf from 23 to 26 October 2018.
British Glass member hosts BEIS to talk energy policy future
Once again the Department for Business, Energy and Industrial Strategy (BEIS) has been to see glass manufacturing in action.
British Glass members meet with BEIS to discuss Brexit interests and issues
British Glass is today hosting a face-to-face meeting between the Department for Business, Energy and Industrial Strategy (BEIS) and representatives from flat, container and fibre glass manufacturing.
Tempver HG Innovative Enamels For Glass Packaging
At China Glass 2018 the Fenzi Group will introduce a new line of ceramic paints for the decoration and personalization of glass containers.
Turkmenistan announced a tender for the implementation of glass products of the new plant
On February 22, the newspaper "Neutral Turkmenistan" published an announcement from the Minister of Industry of Turkmenistan, which announced a tender "for the conclusion of a dealer agreement for the implementation of glass products in foreign markets."
Mr. Stephan Meindl
In order to improve a globally expanding business in the areas of container / special glass, as well as in the area of ​​ technological turn-key plants for container and float glass a restructuring and expansion of the leadership of Horn Glass Industries was required.

Add new comment