| Type | Public limited company |
|---|---|
| Traded as | LSE: REX |
| Industry | Packaging |
| Founded | 1923 |
| Headquarters | London, United Kingdom |
| Key people | Graham Chipchase (CEO) |
| Products | Beverage cans, plastic packaging |
| Revenue | £4,619 million (2010)[1] |
| Operating income | £473 million (2010)[1] |
| Net income | £124 million (2010)[1] |
| Employees | 21,700 (2010) |
| Website | www.rexam.com |
Rexam PLC (LSE: REX) is a global consumer packaging company headquartered in London, United Kingdom. It is the largest manufacturer of beverage cans in the world and a leading producer of plastic packaging.[2][3] It has close to 100 plants in over 20 countries in Asia, Europe, North America and South America.[4]
It is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index.
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The company was founded by William Vansittart Bowater in 1881 in London selling paper.[5] In 1923 his son, Eric, refocused the business into paper manufacturing under the name Bowater Paper Mills.[6] 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.[6] In 1995 the name was changed to Rexam,[7] 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.[5]
In 2007 Rexam disposed of its glass manufacturing businesses to Ardagh Glass Group so as to concentrate on its beverage can production worldwide.[8] It then went on to acquire O-I Plastics, a plastic packaging business in North America.[9]
Rexam is a leading global consumer packaging company. It is one of the leading global beverage can makers and a major global player in rigid plastic packaging. It is business partner to some of the world’s most famous and successful consumer brands. Rexam's sales from ongoing operations are in the region of £5 billion. It has close to 100 plants in more than 20 countries and employs around 21,700 people. Rexam is a member of the FTSE 100 and its ordinary shares are listed with the UK Listing Authority and trade on the London Stock Exchange under the symbol REX. Rexam produced about a quarter of the 260 billion cans manufactured globally in 2009, including 45% of total beverage cans sold in Europe and 68% of beverage cans sold in South America.[10] Its global operations span Europe, the Americas and Asia.[11]