Nov 14 Beverage-can maker Rexam Plc said
third-quarter global beverage cans volume rose 3 percent, helped
by a hot summer in Western Europe, but the gain was partially
offset by weakness in Russia, Egypt and Turkey.
Rexam, which counts Coca-Cola, PepsiCo, Red Bull and
Heineken among its customers, said it sees challenges in Europe,
North America in 2014.
"Looking into next year, while we anticipate some volume
growth, we will have to contend with the difficult macroeconomic
backdrop in Europe, the impact of a maturing specialty can
market in North America," the company said in a statement.
The company said it expects emerging markets such as Brazil
and India to perform well in 2014.
Rexam expects to announce an agreed price for the sale of
its healthcare business by the year end or early next year,
Chief Executive Graham Chipchase told Reuters.
Rexam, which competes with U.S-listed Ball Corp and
Crown Holdings, is the only beverage-can maker listed in
the United Kingdom.
Shares in the company were down 2 percent at 507 pence at
0829 GMT on the London Stock Exchange.