Drinks can maker Rexam focuses on Brazil ahead of World Cup and Olympics
Wednesday 20 February 2013
Rexam, the drinks can maker for Coca Cola,
Pepsi and Red Bull, fixed its sights firmly on Brazil today ahead of the 2014
Football World Cup and 2016 Olympics.
The company said it hoped to increase market share in the world’s fourth-largest economy as it gears up to host both major sporting events.
Graham Chipchase, chief executive, said: “The big sports events to be hosted in Brazil in the coming years are expected to have a positive effect on beverage consumption and accelerate sales. The major beverage manufacturers have already announced substantial investments for the coming years, including greenfield plants and improvements in production capacity to support the predicted higher demand.”
His comments were made as the group posted full-year profits of £418 million and raised its dividend by 6%. Overall, sales reached £4.3 billion.
The company also unveiled plans to invest £115 million over the next three years to build a new beverage can plant in Switzerland.
“We expect to make further progress in 2013 despite an uncertain macroeconomic environment and continued cost pressures,” Mr Chipcase added.
- 1 Michael Brown shooting: Amnesty International sends team within US for first time as National Guard deployed
- 2 James Foley 'beheaded': Isis video shows militant with British accent 'execute US journalist' – and warns Obama of more to come
- 3 Reading Festival 2014: Tesco branch replaces salad and potatoes for Jagermesiter and vodka
- 4 Here’s the damning letter Robin Williams wrote to his Mrs Doubtfire co-star's principal after they expelled her
- 5 Ferguson protests: 90-year-old Holocaust survivor Hedy Epstein ‘arrested’ by police during St Louis demonstrations
Michael Brown shooting: Amnesty International sends team within US for first time as National Guard deployed
Michael Brown shooting: Ferguson police shoot and kill second young black man
James Foley 'beheaded': Isis video shows militant with British accent 'execute US journalist' – and warns Obama of more to come
Iraq crisis: Islamic State's message to America - 'We will drown you all in blood'
Ferguson: In the heartlands of America, a descent into madness
Isis threat: Cameron wants an alliance with Iran
Crisis? What crisis? A visiting US doctor gives the NHS a rave review
Scottish independence: English people overwhelmingly want Scotland to stay in the UK
Russell Brand calls for Israel boycott: Comedian urges big businesses that 'facilitate the oppression of people in Gaza' to pull funding
Ukip MEP calls for reintroduction of death penalty on fiftieth anniversary of last deaths
Michael Brown shooting: Chaos erupts on the streets of Ferguson after autopsy shows teenager was shot six times – twice in the head
iJobs Money & Business
£475 - £550 per day + competitive: Orgtel: Senior Technical Accountant-Insuran...
£200 - £290 per annum + competitive: Orgtel: Sales Performance Manager, Key Ba...
£25000 - £30000 per annum + bonus+benefits+package: Harrington Starr: Junior D...
£600 - £800 per day: Harrington Starr: Java/Calypso Developer Java, Calypso, ...