{"id":416788,"date":"2021-01-19T08:47:51","date_gmt":"2021-01-19T13:47:51","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=416788"},"modified":"2021-01-19T08:47:51","modified_gmt":"2021-01-19T13:47:51","slug":"crown-to-invest-in-its-sixth-can-plant-in-brazil-to-meet-growing-demand","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/crown-to-invest-in-its-sixth-can-plant-in-brazil-to-meet-growing-demand\/","title":{"rendered":"Crown to Invest in Its Sixth Can Plant in Brazil to Meet Growing Demand"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"xn-location\">YARDLEY, Pa.<\/span>, <span class=\"xn-chron\">Jan. 19, 2021<\/span> \/PRNewswire\/ &#8212; Crown Holdings, Inc. (NYSE: CCK) (Crown) announced today that its Brazilian subsidiary CROWN Embalagens S.A., plans to build its sixth beverage can plant in <span class=\"xn-location\">Brazil<\/span>. The new two-line facility will produce two-piece aluminum cans in multiple sizes\u00a0and have annual capacity of 2.4 billion cans when fully operational.\u00a0 The first line is expected to begin production in the second quarter of 2022, followed by the second line in the fourth quarter of 2022.<\/p>\n<p>The new plant will be located in Minas Gerais State, southeast <span class=\"xn-location\">Brazil<\/span> to meet the growing demand in the region for beer and soft drink cans.\u00a0 Crown has been operating in <span class=\"xn-location\">Brazil<\/span> since 1942 and has a strong presence with two-piece aluminum beverage can plants in Cabre\u00fava (S\u00e3o <span class=\"xn-person\">Paulo State<\/span>), Est\u00e2ncia (Sergipe State), Ponta Grossa (Paran\u00e1 State), <span class=\"xn-person\">Rio Verde<\/span> (Goi\u00e1s State), Teresina (Piaui State) and a beverage end plant in Manaus (Amazonas State).\u00a0 The new plant will expand Crown&#8217;s annual production capacity in <span class=\"xn-location\">Brazil<\/span> to 13.3 billion cans.<\/p>\n<p>&#8220;<span class=\"xn-location\">Brazil<\/span> is an important growth market for us and our partner, \u00c9vora S.A.\u00a0 This expansion will help meet the country&#8217;s increased demand for beverage cans and demonstrates Crown&#8217;s continuing commitment to grow with our customers,&#8221; commented Djalma Novaes, President of Crown&#8217;s Americas Division.\u00a0 &#8220;The aluminum beverage can is perfect for the Brazilian market; it is recyclable and sustainable, is shipped easily and most efficiently preserves the quality of the beverage product for the ultimate consumer.&#8221; <\/p>\n<p>\n        <b>Cautionary Note Regarding Forward-Looking Statements<br \/><\/b>Except for historical information, all other information in this press release consists of forward-looking statements. These forward-looking statements involve a number of risks, uncertainties and other factors, including whether demand will continue to grow for two-piece aluminum beverage cans in\u00a0Brazil and globally, and whether the Company can successfully implement its plans to\u00a0construct a new plant and meet related time and production targets (including obtaining any required consents and approvals which could delay or prevent expansion), that may cause actual results to be materially different from those expressed or implied in the forward-looking statements. \u00a0Important factors that could cause the statements made in this press release or the actual results of operations or financial condition of the Company to differ are discussed under the caption &#8220;Forward-Looking Statements&#8221; in the Company&#8217;s Form 10-K Annual Report for the year ended <span class=\"xn-chron\">December 31, 2019<\/span> and in subsequent filings made prior to or after the date hereof. \u00a0The Company does not intend to review or revise any particular forward-looking statement in light of future events.<\/p>\n<p>\n        <b>About Crown Holdings, Inc.<br \/><\/b>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. \u00a0World headquarters are located in <span class=\"xn-location\">Yardley, Pennsylvania<\/span>. \u00a0For\u00a0more information, visit <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3041089-1&amp;h=733290555&amp;u=http%3A%2F%2Fwww.crowncork.com%2F&amp;a=www.crowncork.com\" rel=\"nofollow noopener noreferrer\">www.crowncork.com<\/a>. <\/p>\n<p>For more information, contact: <br \/><span class=\"xn-person\">Thomas T. Fischer<\/span>, Vice President, Investor Relations and Corporate Affairs, (215) 552-3720<\/p>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=PH52662&amp;sd=2021-01-19\" \/> View original content:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/crown-to-invest-in-its-sixth-can-plant-in-brazil-to-meet-growing-demand-301210866.html\">http:\/\/www.prnewswire.com\/news-releases\/crown-to-invest-in-its-sixth-can-plant-in-brazil-to-meet-growing-demand-301210866.html<\/a><\/p>\n<p>SOURCE  Crown Holdings, Inc.<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=PH52662&amp;Transmission_Id=202101190844PR_NEWS_USPR_____PH52662&amp;DateId=20210119\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire YARDLEY, Pa., Jan. 19, 2021 \/PRNewswire\/ &#8212; Crown Holdings, Inc. (NYSE: CCK) (Crown) announced today that its Brazilian subsidiary CROWN Embalagens S.A., plans to build its sixth beverage can plant in Brazil. The new two-line facility will produce two-piece aluminum cans in multiple sizes\u00a0and have annual capacity of 2.4 billion cans when fully operational.\u00a0 The first line is expected to begin production in the second quarter of 2022, followed by the second line in the fourth quarter of 2022. The new plant will be located in Minas Gerais State, southeast Brazil to meet the growing demand in the region for beer and soft drink cans.\u00a0 Crown has been operating in Brazil since 1942 and has a strong presence &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/crown-to-invest-in-its-sixth-can-plant-in-brazil-to-meet-growing-demand\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Crown to Invest in Its Sixth Can Plant in Brazil to Meet Growing Demand&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-416788","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Crown to Invest in Its Sixth Can Plant in Brazil to Meet Growing Demand - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/crown-to-invest-in-its-sixth-can-plant-in-brazil-to-meet-growing-demand\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Crown to Invest in Its Sixth Can Plant in Brazil to Meet Growing Demand - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire YARDLEY, Pa., Jan. 19, 2021 \/PRNewswire\/ &#8212; Crown Holdings, Inc. (NYSE: CCK) (Crown) announced today that its Brazilian subsidiary CROWN Embalagens S.A., plans to build its sixth beverage can plant in Brazil. The new two-line facility will produce two-piece aluminum cans in multiple sizes\u00a0and have annual capacity of 2.4 billion cans when fully operational.\u00a0 The first line is expected to begin production in the second quarter of 2022, followed by the second line in the fourth quarter of 2022. The new plant will be located in Minas Gerais State, southeast Brazil to meet the growing demand in the region for beer and soft drink cans.\u00a0 Crown has been operating in Brazil since 1942 and has a strong presence &hellip; Continue reading &quot;Crown to Invest in Its Sixth Can Plant in Brazil to Meet Growing Demand&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/crown-to-invest-in-its-sixth-can-plant-in-brazil-to-meet-growing-demand\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-01-19T13:47:51+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=PH52662&amp;sd=2021-01-19\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/crown-to-invest-in-its-sixth-can-plant-in-brazil-to-meet-growing-demand\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/crown-to-invest-in-its-sixth-can-plant-in-brazil-to-meet-growing-demand\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Crown to Invest in Its Sixth Can Plant in Brazil to Meet Growing Demand\",\"datePublished\":\"2021-01-19T13:47:51+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/crown-to-invest-in-its-sixth-can-plant-in-brazil-to-meet-growing-demand\\\/\"},\"wordCount\":517,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/crown-to-invest-in-its-sixth-can-plant-in-brazil-to-meet-growing-demand\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/c212.net\\\/c\\\/img\\\/favicon.png?sn=PH52662&amp;sd=2021-01-19\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/crown-to-invest-in-its-sixth-can-plant-in-brazil-to-meet-growing-demand\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/crown-to-invest-in-its-sixth-can-plant-in-brazil-to-meet-growing-demand\\\/\",\"name\":\"Crown to Invest in Its Sixth Can Plant in Brazil to Meet Growing Demand - 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(NYSE: CCK) (Crown) announced today that its Brazilian subsidiary CROWN Embalagens S.A., plans to build its sixth beverage can plant in Brazil. The new two-line facility will produce two-piece aluminum cans in multiple sizes\u00a0and have annual capacity of 2.4 billion cans when fully operational.\u00a0 The first line is expected to begin production in the second quarter of 2022, followed by the second line in the fourth quarter of 2022. The new plant will be located in Minas Gerais State, southeast Brazil to meet the growing demand in the region for beer and soft drink cans.\u00a0 Crown has been operating in Brazil since 1942 and has a strong presence &hellip; Continue reading \"Crown to Invest in Its Sixth Can Plant in Brazil to Meet Growing Demand\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/crown-to-invest-in-its-sixth-can-plant-in-brazil-to-meet-growing-demand\/","og_site_name":"Market Newsdesk","article_published_time":"2021-01-19T13:47:51+00:00","og_image":[{"url":"https:\/\/c212.net\/c\/img\/favicon.png?sn=PH52662&amp;sd=2021-01-19","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/crown-to-invest-in-its-sixth-can-plant-in-brazil-to-meet-growing-demand\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/crown-to-invest-in-its-sixth-can-plant-in-brazil-to-meet-growing-demand\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Crown to Invest in Its Sixth Can Plant in Brazil to Meet Growing Demand","datePublished":"2021-01-19T13:47:51+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/crown-to-invest-in-its-sixth-can-plant-in-brazil-to-meet-growing-demand\/"},"wordCount":517,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/crown-to-invest-in-its-sixth-can-plant-in-brazil-to-meet-growing-demand\/#primaryimage"},"thumbnailUrl":"https:\/\/c212.net\/c\/img\/favicon.png?sn=PH52662&amp;sd=2021-01-19","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/crown-to-invest-in-its-sixth-can-plant-in-brazil-to-meet-growing-demand\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/crown-to-invest-in-its-sixth-can-plant-in-brazil-to-meet-growing-demand\/","name":"Crown to Invest in Its Sixth Can Plant in Brazil to Meet Growing Demand - 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