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| Type | Public (LSE: REX) |
|---|---|
| Founded | 1923 |
| Headquarters | London, England, UK |
| Key people | Leslie Van de Walle (CEO) |
| Industry | Packaging solutions, beverage cans |
| Products | packaging, beverage cans |
| Revenue | £4,618 million (2008) |
| Operating income | £380 million (2008) |
| Net income | £171 million (2008) |
| Employees | 22,000 (2008) |
| Website | www.rexam.com |
Rexam plc (LSE: REX) is a British corporation with a focus in beverage can manufacturing. The company's headquarters are in London, England. It is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index.
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History
The company was founded by William Vansittart Bowater in 1881 in London selling paper.[1] In 1923 his son, Eric, refocused the business into paper manufacturing under the name Bowater Paper Mills.[2] The Company diversified into tissue manufacturing in 1956 forming Bowater-Scott, a joint venture with the Scott Corporation; Scott Corporation bought out the Bowater interest in the joint venture in 1986.[2] In 1995 the name was changed to Rexam, an abbreviation of the name of one of the Company's subsidiaries, Regal Paper America, and the business was refocused again - this time into consumer packaging.[1]
In 2007 Rexam disposed of its glass manufacturing businesses to Ardagh Glass Group so as to concentrate on its beverage can production worldwide.[3] It then went on to complete the acquisition of O-I Plastics, a plastic packaging business in North America.[4]
Operations
They are the largest manufacturer of beverage cans in the world and they are one of the world's top 5 consumer packaging groups. Rexam produced about a quarter of the 230 billion cans manufactured globally in 2007, including 45% of total beverage cans sold in Europe and 68% of beverage cans sold in South America.[5] Their global operations span Europe, the Americas and Asia, employing some 24,200 people in more than 20 countries with an annual turnover of more than £3.6bn. [6]
References
- ^ a b Rexam History
- ^ a b Grace's Guide
- ^ Rexam sells UK glass
- ^ Rexam buys O-I Plastics
- ^ REXMY 2007 Annual Report, p. 17 via Wikinvest
- ^ "About Us - Company Overview" (in English). REXAM. 2007. http://www.rexam.com/index.asp?pageid=14. Retrieved on 2007-08-08.
External links
- Rexam (official site of Rexam Plc)
- Rexam Profile at Wikinvest
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