Crown Holdings, Inc. CCK announced today that it will expand beverage can production capacity in all three of its existing facilities in Vietnam.
The Company will add a second can line to its facility in Hanoi. The new line is expected to be operational in early 2012 and have an initial annual production capacity of 750 million two-piece 33cl aluminum beverage cans. This expansion will bring the Hanoi plant's total capacity to 1.5 billion cans.
Upgrades are planned to existing facilities in Ho Chi Minh City. Total annual production capacity will increase by 700 million cans bringing the total capacity for Crown in southern Vietnam to 3.2 billion cans.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in