Facility to support growing consumer demand for beverage
cans
PHILADELPHIA, Feb. 24, 2012 /PRNewswire-Asia/ -- Crown Holdings,
Inc. (NYSE: CCK) (Crown) (www.crowncork.com), a leading supplier of
metal packaging products worldwide, announced today that it will
build a new beverage can plant in Danang, a major port city in
central Vietnam. The new plant is expected to be operational in the
second quarter of 2013 and will have an initial annual production
capacity of 750 million two-piece 33cl cans.
"Vietnam's growing middle class is driving increased demand for
beverage cans," said Jozef Salaerts, President of CROWN
Asia-Pacific. "Our new facility in Danang, supported by a long term
contract with a major brewer, further extends our strong
geographical footprint and ensures we can continue to support our
customers with the innovative packaging that consumers
prefer."
The beverage can's popularity stems from the convenience it
delivers to consumers as well as its strong sustainability profile.
In addition to being the most recyclable packaging material
available, metal can be recycled infinitely without loss or
alteration in quality. In addition, the beverage can is the most
recycled form of beverage packaging in the world.
The Danang facility will be Crown's fourth beverage can plant in
Vietnam. Crown currently operates one plant in Hanoi and two in Ho
Chi Minh City.
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 beverage cans in Vietnam, whether the Company can successfully
implement its plans to build and commence production at the new
Danang plant, whether the Company can meet related time and
production targets (including obtaining any required consents and
approvals which could delay or prevent expansion) and the level of
future beverage can volumes associated with customer contracts
supplied from the Danang facility 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,
2010 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.
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.
For more information, contact:
For editorial inquiries:
Michael F. Dunleavy, Vice President of Corporate Affairs and Public
Relations;
Tel: +1-215-698-5051; Email: [email protected]
For investors:
Thomas A. Kelly, Senior Vice President Finance, Tel:
+1-215-698-5341, or
Ed Bisno, Bisno Communications, Tel: +1-212-717-7578.
SOURCE﹛Crown Holdings, Inc.