Rexam: Difference between revisions
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| company_name = Rexam PLC |
| company_name = Rexam PLC |
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| company_logo = [[Image:Rexam.svg|200px]] |
| company_logo = [[Image:Rexam.svg|200px]] |
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| company_type = [[Public limited company]] |
| company_type = [[Public limited company]] |
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| traded_as = {{lse|REX}} |
| traded_as = {{lse|REX}}<br />{{OTCQX|REXMY}} |
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| company_slogan = |
| company_slogan = |
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| foundation = 1923 ([[London]]) |
| foundation = 1923 ([[London]]) |
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Revision as of 15:38, 5 May 2012
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| Company type | Public limited company |
|---|---|
| LSE: REX OTCQX: REXMY | |
| Industry | Packaging |
| Founded | 1923 (London) |
| Headquarters | London, United Kingdom |
Key people | Graham Chipchase (CEO) |
| Products | Beverage cans, plastic packaging |
| Revenue | £4,734 million (2011)[1] |
| £507 million (2011)[1] | |
| £376 million (2011)[1] | |
Number of employees | 19,000 (2012)[2] |
| Website | www.rexam.com |
Rexam PLC (LSE: REX) is a British multinational consumer packaging company headquartered in London, United Kingdom. It is the largest manufacturer of beverage cans in the world and a leading producer of rigid plastic packaging.[3][4] It has around 70 plants in 25 countries across Asia, Europe, North America and South America.[5]
Rexam is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index.
History
The company was founded by William Vansittart Bowater in 1881 in London selling paper.[6] In 1923 his son, Eric, refocused the business into paper manufacturing under the name Bowater Paper Mills.[7] 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.[7] In 1995 the name was changed to Rexam,[8] 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.[6]
In 2005 Rexam disposed of its glass manufacturing businesses to Ardagh Glass Group so as to concentrate on its beverage can production worldwide.[9] It then went on to acquire O-I Plastics, a plastic packaging business in North America, in 2007.[10][11] In June 2011 Rexam agreed to sell its lid-making operations to the U.S.-based Berry Plastics for £222 million (US$360 million).[12][13]
Operations
Rexam has around 70 plants in 25 countries and employs around 19,000 people.[2] Its operations span Europe, the Americas and Asia.[14]
References
- ^ a b c Preliminary Results 2011
- ^ a b Rexam: About us
- ^ "Brazil Beer Sales to Rise With World-Cup Chances, Rexam Says". Bloomberg Businessweek. 29 April 2010. Retrieved 24 August 2010.
- ^ "Plastic Packaging". Rexam PLC. Retrieved 24 August 2010.
- ^ "Facts & figures". Rexam PLC. Retrieved 24 August 2010.
- ^ a b "Our history". Rexam PLC. Retrieved 4 September 2010.
- ^ a b Grace's Guide
- ^ Bowater to change name to Rexam Plasteurope, 31 May 1995
- ^ Rexam sells only UK glass facility Packaging Today, 15 June 2005
- ^ Rexam acquires O-I plastics operation Packaging News, 3 July 2007
- ^ "Rexam to buy OI Plastics". Reuters. 11 June 2007. Retrieved 24 April 2012.
- ^ "Rexam sells lid-making arm to Berry Plastics for £222m". The Telegraph. 21 June 2011. Retrieved 24 April 2012.
- ^ "Plastics packaging: Berry claims Rexam's closures biz for $360m". Plastics Today. 20 June 2011. Retrieved 24 April 2012.
- ^ "About Us – Company Overview". REXAM. 2007. Retrieved 8 August 2007.
External links
- Rexam (official site of Rexam)
- Rexam Profile at Wikinvest
- Swot analysis on Rexam
