April 18 Beverage-can maker Rexam Plc
said can sales volume grew 3 percent in the first quarter, but
was still slightly below its expectations due to weakness in
Russia and a slow start to the year in the rest of western
The company, which makes cans for Coca-Cola, Red Bull and
Carlsberg beer, said it expected 2013 to be another year of good
Rexam had said in February that it expected a
high-single-digit to low-double-digit sales growth in North
America, as it was seeing a higher demand for speciality cans in
the world's largest beverage-can market.
The company said then that it had a 20 percent market share
in North America, which accounts for about a third of its
Rexam also said on Thursday that its healthcare unit, which
makes medical devices like bronchial inhalers, was trading as
expected as growth in drug delivery devices and a good flu
season offset volume weakness in its packaging business.
Shares of the FTSE-100 component closed at 506 pence on
Wednesday on the London Stock Exchange.