23 February 2011

Record profits for Rexam

Announcing record profits today (23 February), the beverage can manufacturer and packaging group Rexam said that strong customer and supplier relationships and operational excellence were essential to its success and were underpinned by what it calls Rexam way values: continuous improvement, recognition, teamwork and trust.

Achieving best performance was also about ensuring the long term future by developing a sustainable business model which will stand the test of time, said chief executive Graham Chipchase (pictured).

Driving operational excellence was "about a lot more than manufacturing efficiencies," he went on. "Our record on cost savings and on safety are world class – but we can always improve further. We shall continue to enhance our performance through leveraging operational and business best practices across the group, and will seek to improve our environmental performance every year. We aim to deliver consistently improved results using consistently reduced resources."

Total group sales for 2010 amounted to just under £5 billion, up 2%, while underlying pre-tax profit soared 45% to a record £412 million (2009: ££285m).

Looking ahead, Chipchase said: "Going forward, we will remain focused on increasing our return on capital, optimising cash and controlling costs, while making disciplined investments to improve our growth and returns over time.

"We expect 2011 to be a year of continued progress."

Author
Ken Hurst

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