Crown Holdings will build new beverage can plant in Danang, Vietnam, with initial capacity of 750 million two-piece 33-cl cans per year, expected to begin operations in Q2 2013
February 23, 2012
– Crown Holdings, Inc. (NYSE: CCK) (Crown) (www.crowncork.com), a leading supplier of metal packaging products worldwide, announced today that it will build a new beverage can plant in Danang, a major port city in central Vietnam. The new plant is expected to be operational in the second quarter of 2013 and will have an initial annual production capacity of 750 million two-piece 33cl cans.
"Vietnam's growing middle class is driving increased demand for beverage cans," said Jozef Salaerts, President of CROWN Asia-Pacific. "Our new facility in Danang, supported by a long term contract with a major brewer, further extends our strong geographical footprint and ensures we can continue to support our customers with the innovative packaging that consumers prefer."
The beverage can's popularity stems from the convenience it delivers to consumers as well as its strong sustainability profile. In addition to being the most recyclable packaging material available, metal can be recycled infinitely without loss or alteration in quality. In addition, the beverage can is the most recycled form of beverage packaging in the world.
The Danang facility will be Crown's fourth beverage can plant in Vietnam. Crown currently operates one plant in Hanoi and two in Ho Chi Minh City.