Crown to Invest in New Beverage Can Plant in Brazil to Meet Growing Demand
September 16 2009 - 4:03PM
PR Newswire (US)
PHILADELPHIA, Sept. 16 /PRNewswire-FirstCall/ -- Crown Holdings,
Inc. (NYSE:CCK) (Crown) (http://www.crowncork.com/), today
announced that its Brazilian subsidiary, CROWN Embalagens S.A.,
plans to build a new $60 million beverage can plant in Brazil. The
new facility is expected to be operational in the second quarter of
2011 and will have an initial annual capacity of 700 million cans.
The new plant will be located in Southern Brazil to meet the
growing demand of that region. CROWN Embalagens has a strong
presence in the country with beverage can plants in Cabreuva and
Estancia, and a beverage end plant in Manaus. The Company's annual
production capacity in 2011 will be approximately 4 billion cans.
"Demand for aluminum beverage cans in Brazil is strong and the
positive trends are expected to continue," said Raymond L. McGowan,
President of Crown's Americas Division. "Brazil is an important
market for us and our joint venture partner in that country,
Petropar SA. This expansion demonstrates our commitment to support
the growing needs of our global and local customers and to help
them continue to build their brands in the region." About Crown
Holdings, Inc. Crown Holdings, Inc., through its subsidiaries, is a
leading supplier of packaging products to consumer marketing
companies around the world. World headquarters are located in
Philadelphia, PA. For more information, visit
http://www.crowncork.com/. For more information, contact: For
investors: Timothy J. Donahue, Executive Vice President and Chief
Financial Officer, (215) 698-5088. DATASOURCE: Crown Holdings, Inc.
CONTACT: Investors, Timothy J. Donahue, Executive Vice President
and Chief Financial Officer of Crown Holdings, Inc.,
+1-215-698-5088 Web Site: http://www.crowncork.com/
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