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Rexam Packaging to close US plant


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UK--December 11, 2003-- Rexam PLC, the global consumer packaging company, announces that, in a step designed to bring its beverage can and end making capacity into line with market demand, it will be closing its aluminum can end manufacturing plant in San Leandro, California.

The San Leandro end plant, which employs 80 people and manufactures 5.5 billion ends per year, will officially close on 8 February 2004.

Commenting on the closure, Rolf Börjesson, Rexam’s Chief Executive, said. “We are in constant discussion with our customers and suppliers to determine the best ways to deliver the highest quality products, services and innovation. Our continuous focus on quality has resulted in increased efficiency throughout our operations. Thanks to these improvements in productivity and the streamlining of our distribution chain, customers can be assured that we will be able to meet their requirements following the closure of this plant.”

In other News:

Following the completion of the acquisition of Latasa, the No 1 beverage can maker in Brazil, José Carlos Martins, President and CEO of Latasa, will become President and CEO of the Rexam Beverage Can business in South America comprising the newly acquired Latasa plants in Brazil, Argentina and Chile as well as Rexam’s own plant in Extrema, Brazil.

Until the anti-trust position in Brazil has been clarified, the former Latasa businesses and the Rexam beverage can operation in Extrema will be run as separate entities. During this period, Pedro Tittoto, the Sales Director at Extrema, will take over the management of the Extrema business.

The South American operation will become part of the Rexam Beverage Can Americas organisation, which is headquartered in Chicago, Illinois, and will trade under the name Rexam Beverage Can South America.

José Carlos spent most of his working life in the steel industry before joining Latasa. He has a strong history of leadership and strategic insight, with more than 30 years in the Brazilian steel industry in addition to his years as leader of Latasa. He joined Latasa in 1999 with the task of turning around the company, and improving workforce morale and customer confidence in the company. By the time of the acquisition by Rexam, José Carlos and his team had returned the company to profit, reduced debt, modernised the business, invested in new plants, and put the company on a strong competitive footing.


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Source: REXAM



 



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