PHILADELPHIA, Feb. 18, 2015 /PRNewswire/ -- Crown
Holdings, Inc. (NYSE: CCK), a leading supplier of metal packaging
products worldwide, announced that it will build a new beverage can
plant in Monterrey, Mexico to meet
growing demand. Monterrey,
the capital of the northeastern state of Nuevo Leon, is Mexico's third largest metropolitan area with
a population of over four million and serves as the commercial
center for the north of the country.
The new plant will be constructed on land currently owned by
EMPAQUE which was included in the assets recently purchased by
Crown, and will have the capability to produce two-piece aluminum
cans in multiple sizes. The plant, which will be Crown's
fourth beverage can facility in Mexico, will have initial annual capacity of
2.0 billion cans and will be designed to accommodate further
expansion. Production of beverage cans is scheduled to
commence in May, 2016, with sales to contract customers in
Monterrey and the surrounding
region.
Djalma Novaes, President of Crown's Americas Division,
commented, "In addition to completing the acquisition of
EMPAQUE, the leading beverage can producer in Mexico, we are excited to further expand in
this key strategic region of the country and meet our customers'
increasing demand." Abel Coello
Quintanilla, President of Crown Beverage Mexico, added,
"Mexico is the world's fourth
largest per capita beer market and its second largest per capita
soft drink market, and the new plant in Monterrey has been a key element of our
strategic plan. The management of EMPAQUE is very pleased
that Crown has endorsed our recommendation to proceed immediately
with its construction."
Following the acquisition of EMPAQUE, which was completed
earlier today, Crown currently operates three beverage can plants,
a food and aerosol can plant, a plant that manufactures beverage
can ends, aluminum closures and bottle caps, a glass bottle plant
and a glass service facility in Mexico.
About Crown Holdings, Inc.
Headquartered in Philadelphia,
PA, Crown Holdings, Inc. is a leading manufacturer of
packaging products for consumer marketing companies around the
world. Crown makes a wide range of metal packaging for food,
beverage, household and personal care and industrial products and
metal vacuum closures and caps. As of December 31, 2014, the Company operated 149
plants located in 40 countries, employing 23,024 people. For more
information, visit www.crowncork.com.
Cautionary Note Regarding Forward–Looking Statements
Except for historical information, all other information in this
press release consists of forward-looking statements. These
forward-looking statements involve a number of risks, uncertainties
and other factors, including whether demand will continue to grow
for two-piece aluminum beverage cans in Mexico, whether the
Company can successfully implement its plans to construct a
new plant and add additional capacity and meet related time and
production targets (including obtaining any required consents and
approvals which could delay or prevent expansion), that may cause
actual results to be materially different from those expressed or
implied in the forward-looking statements. Important factors
that could cause the statements made in this press release or the
actual results of operations or financial condition of the Company
to differ are discussed under the caption "Forward-Looking
Statements" in the Company's Form 10-K Annual Report for the year
ended December 31, 2013 and in
subsequent filings made prior to or after the date hereof.
The Company does not intend to review or revise any
particular forward-looking statement in light of future events.
For more information, contact:
Thomas A. Kelly, Senior Vice President and Chief
Financial Officer, (215) 698-5341
Thomas T. Fischer, Vice President
Investor Relations and Corporate Affairs, (215) 552-3720
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/crown-holdings-inc-to-build-new-beverage-can-plant-in-monterrey-mexico-300037721.html
SOURCE Crown Holdings, Inc.