Rexam Performing Well In 2004

Prior to his departure as Chairman of Rexam, Jeremy Lancaster made a final statement at the company's annual general meeting that the firm is continuing to perform well in 2004. Trading in beverage packaging is reported to be ahead of last year, even though issues regarding the deposit on one-way packaging in Germany remain unresolved. According to Rexam, recent rulings from the EU suggest the outcome will be positive to all parties. Recent glass acquisitions are also said to be "bedding in" well and continued consolidation of the EU glass market is expected to have a positive effect on the market. (whole item)