Business news

 

MP visits British can making plant

British Member of Parliament Mark Lancaster recently visited Rexam Beverage Can’s Milton Keynes plant to gain an insight into can making first hand. The plant visit allowed Mr Lancaster, who is the MP for Milton Keynes North, the opportunity to gain a better understanding of both the workings of the plant itself and Rexam as a company.

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Novelis reports strong results

Novelis, the world’s leading producer of aluminium rolled products, has reported strong results in the quarter up to the end of June. Higher shipments, conversion premiums and metal prices lifted sales in the quarter, the first of fiscal 2012, to $3.1 billion, up by 23% compared with the same period last year.

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Silgan loses out in bid to buy company

Can maker Silgan has lost out in its bid to buy Graham Packaging after New Zealand’s Reynolds Group bettered its offer. Earlier this month, Graham informed Silgan that it had “received an unsolicited proposal from a private non-investment grade company to acquire all of the shares of Graham Packaging for $25 per share in cash”.

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Ardagh set to buy Italian can maker

Ardagh Group has announced that it has agreed to buy Finanziaria di Partecipazioni Industriali (Fi Par), its first acquisition in the metal packaging sector since it was formed from Ardagh Glass and Impress Holdings last November.