February 20: Higher costs for aluminium and energy and lower beverage can pricing in the US cut margins last year for Rexam, the world’s leading drinks can manufacturer, it was announced in London this morning.
Despite 2006 sales rising by 17 percent to £3.65 billion (US$7.13bn), underlying profit from ongoing operations rose just 1 percent to £411m. Chairman Rolf Börjesson called the year “challenging” with a promise of price increases in 2007.
