Rexam knocked by plastics unit

EUROPE’S largest drinks can maker Rexam has reported first-quarter trading in line with its expectations, but said the outlook for its plastic packaging division was now more cautious.

Rexam, which makes cans for Carlsberg and Red Bull and packaging for healthcare and cosmetic products, yesterday said it had seen weak trading in home and personal care and make-up in its plastics business.

But the company said its beverage can division had seen a better-than-anticipated performance over the period from 1 January.