Crown invests in new production facilities in China
Crown Holdings Inc has announced investments in three new beverage plants and production lines each in China, and beverage can expansion in Vietnam.
Crown Holdings Inc has announced investments in three new beverage plants and production lines each in China, and beverage can expansion in Vietnam.
Making the announcement during its FY2011 financial results report, company chairman and CEO John W. Conway said, "Our emerging market expansion program remains on schedule and budget. We are in the process of constructing three new beverage can plants in China which are expected to be completed by the end of the third quarter of 2012.
“We have also announced three additional beverage can lines in China for completion in 2013. Additional beverage can capacity expansion in Vietnam is expected to be completed in the second quarter of 2012.”
Conway noted that all of these investments are being made to meet local demand: “We continue to evaluate many new and exciting opportunities but remain committed to conservative deployment of capital by growing with our customers to meet long term demand in promising emerging markets."
Source: Crown Holdings Inc
