PHILADELPHIA, Sept. 8, 2017 /PRNewswire/ -- Crown
Holdings, Inc. (NYSE:CCK), a leading supplier of packaging products
worldwide, announced today that it will build a new plant in the
Valencia region of Spain to produce aluminum beverage cans.
The location of the facility, Parc Sagunt, is approximately 10
miles north of the city of Valencia, and was selected based on its close
proximity to key customers as well as the excellent local
infrastructure and transportation links.
The Company currently operates two steel beverage can plants in
Spain, in Agoncillo and
Seville, and will be constructing
the new facility to meet the growing demand and preference for
aluminum beverage cans in the Iberian region. The plant,
which is expected to be operational during the fourth quarter of
2018, will have an initial annual capacity of approximately 900
million units in multiple sizes and will be designed to accommodate
further expansion. Initially, the capacity will be utilized
to facilitate customers' transitions from steel to aluminum
beverage cans and subsequently to support the growing demand for
both beer and non-alcoholic beverage cans in the region.
Ziya Ozay, Senior Vice President
CROWN Bevcan Europe and Middle
East, commented, "We are excited about the aluminum beverage
can market growth in the Iberian region, and our new plant will be
ideally located to supply the increasing requirements of a number
of key customers and support our other facilities during the
conversion from steel to aluminum."
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
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 and customer preference
will continue to grow for two-piece aluminum beverage cans
in Iberia for both beer and non-alcoholic beverages, 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, 2016 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 T. Fischer, Vice President
Investor Relations and Corporate Affairs; Tel: (215) 552-3720;
Email: thomas.fischer@crowncork.com
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SOURCE Crown Holdings, Inc.