Rexam investment programme to return to normal

April 1: Despite a weak second half of 2008 as market conditions grew tougher, leading beverage canmaking firm Rexam today published its annual report in which it revealed a cut back of capital expenditure for this year to ‘normal’ levels. As reported in February, year-end sales were up 28 percent to £4.62 billion (US$6.65bn).

Sales also benefited from the acquisitions of OI Plastics and Russian canmaker Rostar, and currency transactions. But profit after tax was down to £171m ($246m) from £240m ($345m) in 2007, a figure that included discontinued operations.

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