Rexam PLC, one of the world’s top consumer packing companies, is planning to establish a factory in Yangon, according company sources.
The company has founded Rexam Ashmore Beverage Can Myanmar Co. Ltd after making a joint venture with UK-based Ashmore Investment Company to operate in Myanmar.
The Directorate of Investment and Companies Administration has allowed temporary registration to Rexam PLC and provided the company’s establishment permit on September 20.
Rexam PLC is a British multinational consumer packaging company headquartered in London, United Kingdom. It is the largest manufacturer of beverage cans in the world and a leading producer of rigid plastic packaging.
It has around 70 plants in 25 countries across Asia, Europe, North America and South America, according to Wikipedia.
The company was founded in 1923 and has an operating income of £4.3 million in last year and a net income of £214 million.
The Rexam Ashmore Beverage Can Myanmar Co. Ltd is now registered to operate after building the factory.
Coca Cola and Pepsi have already built the factories in Myanmar and other international consumer and beverage companies like Heineken, Carlsberg, Beer Chang, Pokka and F&N are also planning to establish factories in Myanmar.
Source: ELEVEN Media