Worldwide production of aluminium aerosol cans is expected to increase this year, breaking last year’s record of about six billion units.
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.
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.
Rexam is considering options for capital expenditure opportunities in both Finland and Russia following the release of the company’s half-year results. The company reported a 19% increase in underlying pre-tax profits to £236m for the first half of 2011.
UK-based Princes has completed the acquisition of Premier Foods’ East Anglian canning operations. The acquisition includes two major UK canning sites at Long Sutton and Wisbech in East Anglia, along with a number of brands including Crosse & Blackwell, Farrow’s and Smedley’s.
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”.
US based Ball Corporation has seen a dramatic increase in packaging sales in the first quarter of 2011. Sales, including Ball’s aerospace business, increased to US$2.01 billion comapred with the same quarter of 2010, at $1.82bn.
Leading can maker Crown has reported first quarter sales of US$1.88 billion, an increase of 5.9% compared with the same period in 2010. Beverage can sales were up in the Americas region, reaching $540m, while in Europe sales were up to $340m compared to £314m during the same period in 2010.
The can end sealants business of US based Watson Standard has been bought by German specialty chemicals group Altana. By way of an asset deal, Watson Standard Adhesives Company (WSAC) will have its customers, products, know how and inventories integrated into the Actega coatings and sealants division.