Sep 10 2010
Crown Holdings, Inc. (NYSE: CCK), a leading supplier of metal packaging products worldwide, announced today that its subsidiary, CROWN Asia Pacific Holdings Ltd., plans to install a second beverage can line in its existing facility in Phnom Penh, Cambodia.
The new line is expected to be operational in the fourth quarter of 2011 and have an initial annual production capacity of 700 million two-piece 33cl aluminum beverage cans, which will expand the plant's capacity to 1.3 billion cans.
As the capital and largest city of Cambodia, Phnom Penh has grown to become the nation's center of economic and commercial activities. Situated on the banks of the Mekong River, it is the wealthiest and most populous city in the country as well as its political center. Growth rates in recent years have triggered an economic boom and the country's many historical and cultural sites make it a popular tourist destination.
"We are excited to see the Cambodian market's growing demand for beverage cans", commented Jozef Salaerts, President of Crown's Asia-Pacific Division. "The country is developing rapidly with more customers choosing the two-piece aluminum can as their packaging preference. We are pleased to support the growing needs of our global and regional customers and help them continue to build their brands."