Crown Holdings, Inc. To Increase Beverage Can Capacity In Turkey
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
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
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
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.
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