CROWN HOLDINGS, INC. TO ADD HIGH-SPEED ALUMINUM CAN LINE TO AGONCILLO, SPAIN PLANT

Rhea-AI Summary

Crown Holdings (NYSE: CCK) announced plans to build a new high-speed aluminum line at its Agoncillo, Spain beverage can facility, with production expected to start in Q1 2023. This expansion aims to meet growing customer demand in Northern Spain, where the beverage can market is the second largest in Europe. Crown currently operates additional aluminum can plants in Valencia and Seville, reinforcing its leading position in the Iberian market.

Positive

• New high-speed aluminum line in Agoncillo expected to start production in Q1 2023.
• Expansion to serve increasing demand in the Northern Spain beverage market.

Negative

• None.

YARDLEY, Pa., April 25, 2022 /PRNewswire/ -- Crown Holdings, Inc. (NYSE: CCK) announced today that it will construct a new high-speed aluminum line at its Agoncillo, Spain beverage can facility.  Commercial production is expected to commence during the first quarter of 2023, and the additional capacity will serve expanding customer requirements in Northern Spain.

Iberia is the second largest beverage can market in Europe and continues to show robust growth in both the alcoholic and non-alcoholic segments.  Crown has a leading presence in the region.  In addition to the Agoncillo facility, the Company operates aluminum beverage can plants in Valencia, which began operations in 2018, and Seville, which completed a conversion from steel to aluminum in 2020.

About Crown Holdings, Inc.

Crown Holdings, Inc., through its subsidiaries, is a leading global supplier of rigid packaging products to consumer marketing companies, as well as transit and protective packaging products, equipment and services to a broad range of end markets. World headquarters are located in Yardley, Pennsylvania. For more information, visit www.crowncork.com.

For more information, contact:
Thomas T. Fischer, Vice President, Investor Relations and Corporate Affairs, (215) 552-3720

 

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SOURCE Crown Holdings, Inc.

FAQ

What is Crown Holdings planning for its Agoncillo, Spain facility?

Crown Holdings is constructing a new high-speed aluminum line at its Agoncillo facility, with production starting in Q1 2023.

Why is Crown Holdings expanding its plant in Agoncillo?

The expansion is to meet the growing customer requirements in the Northern Spain beverage can market.

When will the new aluminum line at Agoncillo begin production?

Commercial production is expected to commence during the first quarter of 2023.

How does the Agoncillo plant fit into Crown Holdings' strategy?

The Agoncillo plant expansion strengthens Crown's leading presence in the Iberian beverage can market, the second largest in Europe.