MEDIA RELEASE PR41415
Crown to Build Three New Plants in China
PHILADELPHIA, Sept. 24 /PRNewswire-AsiaNet/ --
Crown Holdings, Inc. (NYSE: CCK) (Crown), a leading supplier of packaging products worldwide, announced
today that it will build three new beverage can plants in China - one in Putian (Fujian Province), one in Foshan
(Guangdong Province) and one in Ziyang (Sichuan Province).
The new plants will have initial combined annual production capacity of
2.1 billion aluminum beverage cans. Each of the plants will be designed to
accommodate the installation of additional production lines as market demand
grows and to produce 25cl, 33cl and 50cl cans. Commencement of commercial
production is expected during the fourth quarter of 2011 in Putian, during
the first quarter of 2012 in Ziyang and during the third quarter of 2012 in
Foshan.
"The demand for beverage cans continues to grow in China and we are
pleased to expand our capacity with new state-of-the-art equipment to meet
our customers' requirements," said Jozef Salaerts, President of Crown's
Asia-Pacific Division. "The aluminum beverage can is recyclable, shipped
easily and, most importantly, preserves the quality of the beverage product
for the consumer. These investments are supporting the growth plans of major
local and international corporations, and we are excited about our strategy
and future in China."
Putian is situated in the central part of the coastal area of the Fujian
Province. It borders Fuzhou City to the north, Quanzhou City to the south and
the Taiwan Strait to the east. Ziyang is a prefectural city in the center of
Sichuan Province, 50 miles from the provincial capital of Chengdu and 125
miles northwest of the vast municipality of Chongqing. Foshan is a city
located in central Guangdong Province in southern China. Following Shenzhen
and Guangzhou, this prefectural city is the third largest manufacturing base
in the Pearl River Delta, with a population of approximately 5.5 million.
"Our Asian can businesses in China and Southeast Asia are currently,
taken together, the largest metal packaging enterprise in Asia (excluding
Japan)," said John Conway, Chairman and Chief Executive Officer. "The
expansion we are announcing today will significantly enhance our position in
China with highly efficient modern factories, a broad product range in
beverage cans and comprehensive geographic coverage to support this dynamic
and growing market."
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 beverage cans in China,
whether the Company can successfully implement its expansion plans, including
obtaining required governmental approvals and other consents that could delay
or prevent the expansion, whether the Company can achieve expected annual
production capacities and geographic coverage and whether the Company can
commence commercial production as expected, 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.
About Crown Holdings
Crown Holdings, Inc., through its subsidiaries, is a leading supplier of
packaging products to consumer marketing companies around the world. World
headquarters are located in Philadelphia, Pennsylvania. Please visit
For more information, contact:
Thomas A. Kelly, Senior Vice President - Finance, Tel: (215) 698-5341, or
Ed Bisno, Bisno Communications, Tel: (212) 717-7578
SOURCE: Crown Holdings, Inc.
CONTACT: Thomas A. Kelly, Senior Vice President - Finance, Crown
Holdings, Inc., +1-215-698-5341; or Ed Bisno of Bisno Communications for
Crown Holdings, Inc., +1-212-717-7578
NEWS 
