Crown to Increase Production Capacity at Beverage Can Plant in Slovakia
The new line is expected to be operational early in 2011 and have an initial annual production capacity of approximately 850 million two-piece aluminum beverage cans in multiple sizes including 25cl and 33cl.
Aug 10 2010 --- Crown Holdings, Inc. a leading supplier of metal packaging products worldwide announced that its business unit, CROWN Bevcan Europe & Middle East, will install a second beverage can production line in its recently opened facility in Kechnec, Slovakia.
The new line is expected to be operational early in 2011 and have an initial annual production capacity of approximately 850 million two-piece aluminum beverage cans in multiple sizes including 25cl and 33cl. The additional capacity will more than double the Kechnec plant’s annual production capability to more than 1.6 billion 25cl, 33cl and 50cl cans.
“We are extremely pleased with strong customer demand throughout the central and eastern European region. The plant is well located to supply customers in Slovakia and neighboring Austria, Czech Republic, Hungary, Poland, Romania and Ukraine,” said Chris Homfray, President Crown Europe. “The aluminum beverage can is a perfect container for the central and eastern European markets, as it is easy to carry, chills quickly, and is 100% recyclable and sustainable. Equally important, we expect the additional line to increase both productivity and operating efficiencies at the plant, which was anticipated when the facility was first 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, including whether demand will continue to grow for two-piece aluminum beverage cans in central and eastern Europe, whether the Company can successfully implement its plans to add an additional beverage can production line and meet production targets, the Company's ability to expand in central and eastern Europe and the Company’s ability to increase productivity and operating efficiencies, 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, 2009 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.
