Rexam, the global food and beverage packaging manufacturer, has boosted longer-term confidence within its sector after chairman, Jeremy Lancaster, made positive comments about its outlook for future trading during the annual general meeting.
"Rexam has made a good start to 2002, and as a Group we are comfortably ahead of the equivalent period for last year, primarily owing to particularly strong performances in our beverage can operations in Europe and the Americas," said Lancaster.
"A generally better pricing environment and our focus on cost efficiencies leave us confident of being able to continue this level of performance for the full year."
Last month the company completed its exit from the UK food industry by selling off its two UK food flexibles businesses based in Ledbury and Thetford to Amcor Flexibles, the UK division of Australian packaging giant Amcor. This marks a part of the company's policy to refocus its business operations on the beverage packaging sector.
Rexam is the world's largest beverage can maker, as well as a market leader in consumer packaging with a focus on supplying packaging solutions to the food packaging industry.