UK's Rexam defies downturn; buys remaining 50% stake in Mexican joint venture

Rexam, a UK-based global player in rigid plastic packaging, has acquired the remaining 50% stake in its Mexican joint venture with Pavisa Industries. Accordingly, Rexam will assume full ownership of a Tlalnepantla-based injection and extrusion blow-molded plastics packaging plant in Mexico City. Despite the global economic crisis, Rexam is optimistic about the growth in Mexican and Latin American plastic packaging markets covering Healthcare, Closures and Personal Care segments. The Tlalnepantla, Mexico City-based plant manufactures plastic containers and closures for pharma, diagnostic, healthcare, cosmetic and personal care markets having 300 plus employees. The London Stock Exchange is a leading consumer packaging company having some 22,300 people in more than 20 countries.
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