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]
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