Crown Holdings, Inc. to build new beverage can plant in Valencia region of Spain
Crown Holdings, Inc. (NYSE:CCK), a leading supplier of packaging products worldwide, announced that it will build a new plant in the Valencia region of Spain to produce aluminum beverage cans.
Crown Holdings, Inc. (NYSE:CCK), a leading supplier of packaging products worldwide, announced that it will build a new plant in the Valencia region of Spain to produce aluminum beverage cans. The location of the facility, Parc Sagunt, is approximately 10 miles north of the city of Valencia, and was selected based on its close proximity to key customers as well as the excellent local infrastructure and transportation links.
The Company currently operates two steel beverage can plants in Spain, in Agoncillo and Seville, and will be constructing the new facility to meet the growing demand and preference for aluminum beverage cans in the Iberian region. The plant, which is expected to be operational during the fourth quarter of 2018, will have an initial annual capacity of approximately 900 million units in multiple sizes and will be designed to accommodate further expansion. Initially, the capacity will be utilized to facilitate customers’ transitions from steel to aluminum beverage cans and subsequently to support the growing demand for both beer and non-alcoholic beverage cans in the region.
Ziya Ozay, Senior Vice President CROWN Bevcan Europe and Middle East, commented, “We are excited about the aluminum beverage can market growth in the Iberian region, and our new plant will be ideally located to supply the increasing requirements of a number of key customers and support our other facilities during the conversion from steel to aluminum.”