Packaging
Rexam invests in growing Mexico plastic packaging market
Wednesday 25. February 2009 - Rexam, a leading global consumer packaging company, has purchased the remaining 50% interest in the joint venture between the company and Pavisa Industries.
As a result of the agreement, Rexam will take full ownership of a plastic packaging injection and extrusion blow-molded manufacturing plant located in Tlalnepantla, Mexico City. The plant has more than 300 employees and produces plastic containers and closures for numerous markets, including pharmaceutical, diagnostic, healthcare, cosmetic and personal care.
Rexam will be utilizing the plant to exploit growth for plastic packaging across the Healthcare, Closures and Personal Care industries in the Mexico and Latin American markets.
Graham Chipchase, Group Director, Rexam Plastic Packaging, said that despite tough global economic conditions, the company remains focused on investing in growth markets. “We are committed to providing our customers with the right package mix to help build their business,” he said. “This move is also consistent with Rexams strategy to build positions in emerging markets. We are confident that a stronger foothold in the growing Mexico and Latin American region will enable us to provide unique product and service opportunities that take us a step further in becoming the best consumer packaging company in the world.”