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(PlastEurope) -- The plastics
operations of packaging group Rexam showed a fall in sales and earnings in the
first half of 2011. As a result, the company has announced measures to remedy
the weak business development in this segment, starting with price hikes,
cost-cutting projects and capacity adjustments. In the medium term, the Plastic
Packaging division will also shift some of its production to Asia because of
increasing competition in China. Apart from that, there are plans to step up the
level of automation. In Europe and Brazil, on the other hand, Rexam intends to
invest in other growth areas such as make-up and dispensing systems.
mrcplast.com
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