Crown Plans New Beverage Can Plant in Brazil to Meet Growing Demand
Crown Embalagens has a strong presence in the country with a beverage can plant in Cabreuva and a beverage end plant in Manaus. The Company's annual production capacity in 2009 will be approximately 3 billion cans.
10/08/07 Crown Holdings, Inc., announced that its Brazilian subsidiary, Crown Embalagens S.A., plans to build a new $48 million beverage can plant in Brazil. The new facility is expected to be operational in the fourth quarter of 2008 and will have an initial annual capacity of 700 million cans.
The new plant will be located in Northeast Brazil to meet the growing demand of that region. Crown Embalagens has a strong presence in the country with a beverage can plant in Cabreuva and a beverage end plant in Manaus. The Company's annual production capacity in 2009 will be approximately 3 billion cans.
"Demand for aluminum beverage cans in Brazil is strong and the positive trends are expected to continue with an improving Brazilian economy," said Frank J. Mechura, President of Crown's Americas Division. "Brazil is an important market for us and our joint venture partner in that country, Petropar SA. This expansion demonstrates our commitment to support the growing needs of our global and local customers and to help them continue to build their brands in the region."
