Rexam Plans to Invest £100m in India Beverage Can Plants
Rexam may be facing acquisition, but that’s not stopping the UK-based packaging company from growing all on its own as well. Rexam has announced plans to invest in the construction of two new can manufacturing plants in India’s states of Andhra Pradesh and Rajasthan, a major undertaking to the tune of £100 million.
The news comes via Hindu BusinessLine, which reports that Rexam plans to build two £50 million plants—one in Sri City, in Chittoor district of Andhra Pradesh, and another in Jaipur, Rajasthan. There’s a lot of growth potential in India among consumers, with major brands like PepsiCo and Coca-Cola strengthening their presence, and Rexam will be growing alongside them:
As we know, Colorado-based Ball Corporation is pretty keen on Rexam, having made a $6 billion bid to acquire the rival packaging business just last week. As the proposition stood last week, the two businesses would already be a massive industry force if they were to merge—this just expands that even further. If Rexam was appealing to Ball Corporation before, it should be even more appealing now that Rexam is growing its global reach.
[SOURCE: Hindu BusinessLine via Drinks Business Review]
Ireland could create template for global food sustainability
Leveraging innovation could cultivate new agricultural breakthroughs, making Ireland the most responsible and sustainable food producer on Earth, according to a renowned local luminary.
Economist and author David McWilliams has insisted that Ireland can become a pivotal carbon-neutral, resource-efficient and sustainable food producer – possibly the most influential on the planet.
He does acknowledge, however, that there are considerable obstacles on the country’s trailblazing journey to complete energy-efficient and sustainable food production.
McWilliams also claims that the widely-held belief within the EU that reducing food production thus reduces carbon emissions does not tally.
“For the European Union to get an aggregate reduction in carbon emissions,” said McWilliams at the Alltech ONE Ideas Conference. “It would seem to me much more logical to favour those countries that have had an evolutionary, ecological or environmental gift, in order to actually produce more, not less, because your input-output ratio is so much lower than it is either in the parched Mediterranean or in the frozen tundra of the North.”
Reflecting on the situation in the US, McWilliams said its agriculture output had tripled between 1948 and 2015, with exponential gains in efficiency. Surprisingly, agriculture only contributes to 7.5% of total US greenhouse gases, far below the 30% attributed to cars.
“I think American culture is changing, at least when you see it from the outside,” said McWilliams said of President Biden’s approach. “He's saying, ‘There's no point being wealthy if the wealth is only in the hands of a small minority. The wealth has to trickle down to everybody else.’”
McWilliams concluded that for Irish agriculture to modernise and grow, it should use one of Ireland’s leading sectors – technology – as a frame of reference. It currently generates over $25 billion in exports.