PHILADELPHIA, Sept. 25, 2015 /PRNewswire/ -- Crown Holdings,
Inc. (NYSE: CCK) (Crown) a leading supplier of metal packaging
products worldwide, announced it is investing in a second line at
its Osmaniye plant, in central southern Turkey, to produce aluminum beverage cans. The
plant currently produces 800 million beverage cans, serving
customers in Turkey and
neighboring markets.
Crown operates two beverage can plants in Turkey, in Izmit and Osmaniye, manufacturing a
wide range of aluminum can sizes. Crown is installing the new
capacity in response to growing demand in Turkey, where sales of empty beverage cans
exceeded 2.6 billion units last year, and surrounding
countries.
The new line is expected to be operational in the first quarter
of 2017 and have initial annual production capacity of
approximately 900 million two-piece aluminum beverage cans in
multiple sizes. The additional line will more than double the
Osmaniye plant's annual production capacity to over 1.7 billion
cans.
"We are extremely pleased with strong customer demand throughout
the region. The plant is well located to supply customers in
both Turkey and neighboring
countries," said Peter Lockley,
Senior Vice President CROWN Bevcan Europe & Middle East.
"The aluminum beverage can is an ideal container as it is easy to
carry, chills quickly, and is 100% recyclable and sustainable. The
Osmaniye plant has operated efficiently from the outset, and the
addition of a second line was anticipated when the facility was
planned."
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 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 Crown to differ are discussed under the
caption "Forward Looking Statements" in Crown's Form 10-K Annual
Report for the year ended December 31,
2014 and in subsequent filings made prior to or after the
date hereof. Crown does not intend to review or revise any
particular forward-looking statement in light of future events.
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. For more information,
visit www.crowncork.com.
For more information, contact:
Thomas T. Fischer, Vice President,
Investor Relations and Corporate Affairs, (215) 552-3720.
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SOURCE Crown Holdings, Inc.