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January 29, 2014
1 Min Read
Rexam today announced the closure of its Oklahoma City, Oklahoma, beverage can manufacturing plant. This move is part of the company’s efforts to address 12 oz. overcapacity in the US beverage can market.
The Oklahoma City plant closing is currently scheduled for the end of the first quarter 2009. The plant employs about 80 people and manufactures 12 oz. beverage cans. There will also be an associated reduction in end manufacturing capacity and salaried staff positions across the North American business.
Employees affected by the plant closure will receive a competitive severance package and will be provided outplacement assistance.
These facilities are part of Rexam’s beverage can business in North America, which consists of 16 plants and employs more than 2,000 people.
“The 12 oz. can market has steadily declined due to a number of economic conditions and consumer trends,” said Harry Barto, president and CEO, Rexam Beverage Can North America. “With these moves, we are doing our part in balancing capacity with demand, further improving utilization of our existing operations and continuing our focus on delivering world-class quality products and services to customers.”
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