Packaging giant Rexam plc will expand its operations in Hot Springs, Ark., creating more than 150 jobs by the end of the year.
In a news release issued through the Arkansas Economic Development Commission, London-based Rexam, which employs more than 250 in Hot Springs, said it has begun hiring more manufacturing and supervisory workers.
The Hot Springs plant makes injection and compression molded plastic jars and closures. It is part of Rexam Plastic Packaging, which operates more than 40 plants and employs more than 13,000 around the world. Its markets include health care, closures, food and personal care.
Consistent with our restructuring plan to match beverage closures demand with capacity, we are consolidating operations resulting in the creation of jobs in Hot Springs, Malcolm Harrison, group director of Rexam Plastic Packaging, said in the release.
Rexam acquired the Hot Springs plant as part of its $154 million acquisition of Delta Plastics Inc. in 2005. In a June 24 phone interview, Rexam Americas spokesman Greg Brooke said the facility consists of two buildings: an injection molding plant with about $158,000 square feet of combined manufacturing and warehouse space, and a 125,000-square-foot compression molding facility.
Over the last 18 months, Rexam has closed or announced the closings of six plants in the U.S., in Pompano Beach, Fla.; Holden, Mass.; Sussex, Wis.; Hamlet, N.C.; Nashua, N.H.; and Constantine, Mich.
Brooke said that machinery for the Hot Springs expansion will come from a few plants that were consolidated, and that some workers will be transferred to Hot Springs from the closed facilities.
He would not disclose the investment in the Arkansas plant.
For full-year 2009, Rexam reported profit of about £285 million ($449 million) on sales of about £4.9 billion ($7.7 billion), compared with profit of £328 million ($517 million) on sales of £4.6 billion ($7.3 billion) in 2008.
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