Tous Actualités
Suivre
Abonner Crown Holdings, Inc.

Crown Holdings, Inc.

Crown Announces Increase in Beverage Can Capacity Across the Middle East to Meet Growing Demand

Philadelphia (ots/PRNewswire)

Crown Holdings, Inc. (NYSE: CCK)
(Crown), a leading supplier of packaging products to consumer
marketing companies around the world, announced today that its
affiliate, CROWN Bevcan Europe & Middle East, in conjunction with its
long-standing regional partner, Ahmad Hamad Algosaibi & Brothers,
will substantially increase beverage can production capacity in the
Middle East.
Crown is to install two new lines; one in its Jeddah, Saudi Arabia
plant and the other in its Dubai, United Arab Emirates plant. Crown
expects the first line to be operational early in 2006 with the
second line operational by mid-year 2006, bringing an additional 1.5
billion cans of capacity to the region.
This follows a three-year program of capacity enhancement of over
1 billion cans in Crown's existing plants in Jordan, Saudi Arabia and
the United Arab Emirates culminating in the start-up next April of a
second line in Jordan. The plants, located in Amman, Dammam, Jeddah
and Dubai, are all joint ventures between Crown and Ahmad Hamad
Algosaibi & Brothers.
"These investments will allow us to further build on our
long-established position in the Middle East," said John Clinton,
Senior Vice-President of CROWN Bevcan Europe & Middle East. "Crown is
deeply committed to providing our customers with the cans they need
to meet current growth in this dynamic market and anticipated
long-term demand."
"Crown's expertise in the production of beverage cans and
knowledge of the Middle East market make them an excellent joint
venture partner," said Sheik Saud A. Algosaibi, Managing Director of
Ahmad Hamad Algosaibi & Brothers. "Crown's decision to continue to
invest with us in the region is a very positive message for existing
and potential customers alike."
In addition to the capacity expansion noted above, the Company
confirms that construction of its new beverage can facility in
Tunisia, North Africa is well underway. The plant, located in the
Tunisian capital of Tunis, will be operational in the second half of
2005 and will have an initial annual capacity of 635 million cans.
About Crown Holdings, Inc.
Crown Holdings, Inc., through its affiliated companies, is a
leading supplier of packaging products to consumer marketing
companies around the world. World headquarters are located in
Philadelphia, PA.
CROWN Bevcan Europe & Middle East, operates 13 beverage can and
end facilities across Europe, the Middle East and North Africa.
Web site: http://www.crowncork.com

Contact:

In Europe: Caroline Archer-Reed, Marketing Director, CROWN Bevcan
Europe & Middle East, Tel: +33-1-49-18-40-43, Email:
caroline.archer-reed@eur.crowncork.com; In the United States: Neill
Mitchell, Marketing Director, CROWN Beverage Packaging USA, Inc.,
Tel: +1-215-698-5248, Email: nmitchell@crowncork.com; or For
editorial inquiries: Michael F. Dunleavy, Vice President of Corporate
Affairs and Public Relations, Crown Holdings, Inc., Tel:
+1-215-698-5051; or For investors: Timothy J. Donahue, Senior Vice
President - Finance, Crown Holdings, Inc., Tel: +1-215-698-5088