PHILADELPHIA, Sept. 25, 2015 /PRNewswire/ -- Crown Holdings, Inc. (NYSE: CCK) (Crown) a leading supplier of metal packaging products worldwide, announced it is investing in a second line at its Osmaniye plant, in central southern Turkey, to produce aluminum beverage cans. The plant currently produces 800 million beverage cans, serving customers in Turkey and neighboring markets.
Crown operates two beverage can plants in Turkey, in Izmit and Osmaniye, manufacturing a wide range of aluminum can sizes. Crown is installing the new capacity in response to growing demand in Turkey, where sales of empty beverage cans exceeded 2.6 billion units last year, and surrounding countries.
The new line is expected to be operational in the first quarter of 2017 and have initial annual production capacity of approximately 900 million two-piece aluminum beverage cans in multiple sizes. The additional line will more than double the Osmaniye plant's annual production capacity to over 1.7 billion cans.
"We are extremely pleased with strong customer demand throughout the region. The plant is well located to supply customers in both Turkey and neighboring countries," said Peter Lockley, Senior Vice President CROWN Bevcan Europe & Middle East. "The aluminum beverage can is an ideal container as it is easy to carry, chills quickly, and is 100% recyclable and sustainable. The Osmaniye plant has operated efficiently from the outset, and the addition of a second line was anticipated when the facility was 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 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 Crown to differ are discussed under the caption "Forward Looking Statements" in Crown'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. Crown does not intend to review or revise any particular forward-looking statement in light of future events.
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. For more information, visit www.crowncork.com.
For more information, contact:
Thomas T. Fischer, Vice President, Investor Relations and Corporate Affairs, (215) 552-3720.
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SOURCE Crown Holdings, Inc.