UK-based Rexam, one of the leading global beverage can manufacturers, is investing Rs 1,200 crore at its Sri City plant in Andhra Pradesh
UK-based Rexam, one of the leading global beverage can manufacturers, has bought land in Sri City, Andhra Pradesh in southern India, as well as in Mahindra World City, Jaipur in northern India, to build two beverage can plants. The company has a plant in Mumbai.
Each plant represents an initial investment of close to 50 million pounds and will add a total production capacity of nearly 1.6 billion cans. The plant in Sri City is expected to be operational by the second half of 2016, and this will be followed by the plant in Jaipur. The Sri City plant will be located in the vicinity of PepsiCo’s largest beverage manufacturing plant in the country. The beverages and snacks maker is investing Rs 1,200 crore at its Sri City plant. The two plants will create around 150 new jobs in each of their local communities.
Rexam operates 55 plants in 20 countries in Europe, Africa, the Middle East, Asia, North America and South America providing employment to around 8,000 people. The company offers beverage cans packaging solutions comprising aluminium and steel cans for carbonated soft drinks, beer and energy drinks.
These investments will support and enable us to take advantage of the continued exciting growth of the beverage can in India. Having plants in different locations across the country will ensure that we have a better footprint and position to meet the needs of our customers in the region over the long- term, Craig Jones, sector director of Rexam’s Africa, Middle East and Asia (AMEA) region said.
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