Jun 13, 2008 (financialwire.net via COMTEX) -- CCK Quote Chart News PowerRating -- June 13, 2008 (FinancialWire) Crown Holdings, Inc. (NYSE: CCK Quote Chart News PowerRating) (Current Market Cap: US$ 4.40 Bil.) plans to build a new beverage can plant on its existing food can manufacturing site in Casablanca, Morocco.
The plant, which is scheduled to be operational in late 2009, will produce aluminum beverage cans with an initial capacity of 700 million cans a year. The facility is being designed to accommodate the future installation of additional production lines as market demand grows. The investment is part of the company's 2009 capital program.
Crown subsidiary Carnaud Maroc S.A. markets fish and vegetable cans, paint cans and crown closures in Morocco. Carnaud Maroc operates one large plant in Casablanca, and will open a second plant in Agadir in August of this year.
Philadelphia-based Crown Holdings, through its subsidiaries, is a supplier of packaging products to consumer marketing companies around the world.
FinancialWire" is a fully independent, proprietary news wire service of Investrend Information (a division of Investrend Communications, Inc.). FinancialWire" news is written by professional journalists, dedicated to pure journalistic standards. FinancialWire" does not receive or accept any compensation from any individual or subject company (or representative thereof) for its news or opinions.
The plant, which is scheduled to be operational in late 2009, will produce aluminum beverage cans with an initial capacity of 700 million cans a year. The facility is being designed to accommodate the future installation of additional production lines as market demand grows. The investment is part of the company's 2009 capital program.
Crown subsidiary Carnaud Maroc S.A. markets fish and vegetable cans, paint cans and crown closures in Morocco. Carnaud Maroc operates one large plant in Casablanca, and will open a second plant in Agadir in August of this year.
Philadelphia-based Crown Holdings, through its subsidiaries, is a supplier of packaging products to consumer marketing companies around the world.
FinancialWire" is a fully independent, proprietary news wire service of Investrend Information (a division of Investrend Communications, Inc.). FinancialWire" news is written by professional journalists, dedicated to pure journalistic standards. FinancialWire" does not receive or accept any compensation from any individual or subject company (or representative thereof) for its news or opinions.
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