Crown Holdings plans to build a high-speed aluminium line at its Spanish beverage-can facility

Crown Holdings has recently declared its plan of constructing a high-speed aluminium line at its Agoncillo beverage-can facility in Spain. In Pennsylvania’s largest city, Philadelphia headquartered Crown Holdings, the producer and supplier of beverage packaging, food packaging, aerosol packaging, metal closures, and speciality packaging products.

This auxiliary capacity will enable the company to serve increasing customer demand in Northern Spain. Moreover, the Iberian region has been witnessing ample growth in the alcoholic or non-alcoholic sector.

During the first quarter, of next year, commercial production is expected to begin.

Having the second-largest beverage-can market in Europe, the Iberian region proudly presents Crown as one of its leading brands.

The company also watches over the activities of beverage-can plants in Valencia and Seville.

For the first quarter till March 31st, this year, the company had made sales worth US$ 3,162 million while income from operations was US$ 344 million and the net income was US$ 216 million.

Also in the first quarter, an agreement was signed between Crown Holdings and the Transit Packaging segment’s Kiwiplan business for a sell-out at US$ 182 million. Kiwiplan provides logistics planning, analytical software, and manufacturing execution systems for corrugated packaging operations.

The sale depends on the final closing conditions but is estimated to end during the second quarter.

Crown Holdings and its subsidiaries look after the consumer need for rigid, transit and protective packaging products. They also provide tools and services to end-users.