Crown Holdings, Inc. To Build New Beverage Can Plant In Monterrey, Mexico

PHILADELPHIA, Feb. 18, 2015 /PRNewswire/ -- Crown Holdings, Inc. (NYSE: CCK), a leading supplier of metal packaging products worldwide, announced that it will build a new beverage can plant in Monterrey, Mexico to meet growing demand. Monterrey, the capital of the northeastern state of Nuevo Leon, is Mexico's third largest metropolitan area with a population of over four million and serves as the commercial center for the north of the country.

The new plant will be constructed on land currently owned by EMPAQUE which was included in the assets recently purchased by Crown, and will have the capability to produce two-piece aluminum cans in multiple sizes. The plant, which will be Crown's fourth beverage can facility in Mexico, will have initial annual capacity of 2.0 billion cans and will be designed to accommodate further expansion. Production of beverage cans is scheduled to commence in May, 2016, with sales to contract customers in Monterrey and the surrounding region.

Djalma Novaes, President of Crown's Americas Division, commented, "In addition to completing the acquisition of EMPAQUE, the leading beverage can producer in Mexico, we are excited to further expand in this key strategic region of the country and meet our customers' increasing demand." Abel Coello Quintanilla, President of Crown Beverage Mexico, added, "Mexico is the world's fourth largest per capita beer market and its second largest per capita soft drink market, and the new plant in Monterrey has been a key element of our strategic plan. The management of EMPAQUE is very pleased that Crown has endorsed our recommendation to proceed immediately with its construction."

Following the acquisition of EMPAQUE, which was completed earlier today, Crown currently operates three beverage can plants, a food and aerosol can plant, a plant that manufactures beverage can ends, aluminum closures and bottle caps, a glass bottle plant and a glass service facility in Mexico.

About Crown Holdings, Inc.

Headquartered in Philadelphia, PA, Crown Holdings, Inc. is a leading manufacturer of packaging products for consumer marketing companies around the world. Crown makes a wide range of metal packaging for food, beverage, household and personal care and industrial products and metal vacuum closures and caps. As of December 31, 2014, the Company operated 149 plants located in 40 countries, employing 23,024 people. For more information, visit www.crowncork.com.

Cautionary Note Regarding Forward–Looking Statements

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 Mexico, whether the Company can successfully implement its plans to construct a new plant and add additional capacity 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. Important 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 "Forward-Looking Statements" in the Company's Form 10-K Annual Report for the year ended December 31, 2013 and in subsequent filings made prior to or after the date hereof. The Company does not intend to review or revise any particular forward-looking statement in light of future events.

For more information, contact:
Thomas A. Kelly, Senior Vice President and Chief Financial Officer, (215) 698-5341
Thomas T. Fischer, Vice President Investor Relations and Corporate Affairs, (215) 552-3720

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SOURCE Crown Holdings, Inc.