Crown Holdings (CCK) Acquires Beverage Can Production Facility in Vietnam
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Crown Holdings, Inc. (NYSE: CCK) (Crown) announced that its subsidiary, CROWN Asia Pacific Holdings Ltd has acquired a beverage can production facility located northeast of Ho Chi Minh City in Dong Nai Province, Vietnam from Interfood Shareholding Company (VNSE: IFS). Interfood will retain a minority investment interest in the plant.
The newly constructed facility is sized to accommodate additional manufacturing lines and will have an initial annual production capacity of approximately 600 million two-piece, 33cl aluminum beverage cans. Commercial delivery of cans is scheduled to begin early in the fourth quarter of this year.
Crown Holdings, Inc. is engaged in the design, manufacture and sale of packaging products for consumer goods. [SM]
The newly constructed facility is sized to accommodate additional manufacturing lines and will have an initial annual production capacity of approximately 600 million two-piece, 33cl aluminum beverage cans. Commercial delivery of cans is scheduled to begin early in the fourth quarter of this year.
Crown Holdings, Inc. is engaged in the design, manufacture and sale of packaging products for consumer goods. [SM]
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