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Crown plans $60m Brazil drinks can plantSimeon Goldstein, 18 September 2009Be the first to comment on this article US packaging group Crown Holdings has announced its plan to build a $60m (36.3m) drinks can plant in Southern Brazil. The Philadelphia-based firm said it expects the factory, which will be built by its Brazilian subsidiary, Crown Embalagens, to be operational in the second quarter of 2011, when it will have an initial annual manufacturing capacity of 700m cans. Crown said it is building the plant in response to growing demand in Brazil for beverage cans. Crown Embalagens currently has can plants in Cabreuva and Estancia, as well as a beverage end plant in Manaus. The development of a third can plant in the region will boost Crown Embalagens’s annual capacity to approximately 4 billion cans in 2011. “Demand for aluminium beverage cans in Brazil is strong and the positive trends are expected to continue,” said Raymond McGowan, president of Crown’s Americas division. “Brazil is an important market for us and our joint venture partner in that country, Petropar SA,” he said. Click here for today’s headlines from across the packaging industry Speak Your Mind |
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