PHILADELPHIA, Jan. 11, 2016 /PRNewswire/ -- Crown Holdings,
Inc. (NYSE: CCK) (Crown) (www.crowncork.com), a leading supplier of
metal packaging products worldwide, announced plans to build a new
beverage can plant in the community of Nichols, New York to meet increased demand
from beverage customers for specialty can sizes. The location of
Nichols, which lies in the
southern county of Tioga, will
provide several economic and logistical advantages.
Djalma Novaes, President of Crown's Americas Division,
commented: "We are increasing our capacity for manufacturing
specialty cans at our customers' request to allow them to further
differentiate their products and enhance their business. The
Nichols plant will give Crown a
stronger position in the specialty market and also allow us to
rebalance our 12-ounce can portfolio while reducing our overall
system costs, including freight. We are very excited to be able to
further expand the Company's operations in the northeast
United States, and we are pleased
to be working closely in partnership with New York's Empire State Development,
Tioga County, the Town of Nichols and NYSEG to establish this
best-in-class facility."
The new plant will have the capability to produce two-piece
aluminum cans in a range of sizes to meet the varying needs of
Crown's beverage customers in the region. The facility, which is
scheduled to be operational in the first quarter of 2017, is also
expected to bring more than 160 new jobs to the Southern Tier
Region.
Janice Dunphy, Vice President
Sales & Marketing, CROWN Beverage Packaging North America,
added, "We are seeing real growth in demand for specialty can sizes
among brands in the United States. They are proving to be the
ideal format for a broad range of beverage categories, including
soft drinks, beer, ready-to-drink tea, coffee, spirits, sparkling
water, wine, juice, cider and nutritional beverages."
Crown currently operates fifteen beverage can plants in
North America, manufacturing
aluminum cans ranging in size from 7.5-ounce to 16-ounce, as well
as a variety of beverage can ends. The Nichols plant will represent the industry's
first greenfield facility in the United
States in more than twenty years.
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. As of
December 31, 2014, the Company
operated 149 plants located in 40 countries, employing 23,024
people. For more information, visit www.crowncork.com.
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 specialty two-piece aluminum beverage
cans in North America and whether
the Company can successfully implement its plans to construct a new
plant, meet related time and production targets and rebalance its
12-ounce can portfolio while reducing overall system costs, 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, 2014 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.
For more information, contact:
Thomas T. Fischer, Vice
President, Investor Relations and Corporate Affairs; Tel: 1 (215)
552-3720; Email: thomas.fischer@crowncork.com
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SOURCE Crown Holdings, Inc.