Global beverage can maker Rexam and Hindustan Tin Works have jointly invested Rs 250 crore for setting up a new aluminium line at its manufacturing plant in Taloja, Maharashtra.
The new unit has a production capacity of 950 million cans per year.
The UK-based Rexam HTW was the first beverage can maker to enter the Indian market in 2007. The company has been at the forefront of innovation, working in partnership with its customers in India to successfully build the beverage can business.
“This investment is fully in line with our strategy to grow in faster moving markets. It will support and enable us to take advantage of the exciting opportunities the Indian market has for beverage can packaging,” said Graham Chipchase, Chief Executive, Rexam PLC.