CROWN HOLDINGS, INC. EXPANDS FOOD CAN CAPACITY AT OWATONNA, MINNESOTA PLANT
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Rhea-AI Summary
Crown Holdings, Inc. (NYSE: CCK) has announced an expansion of food can production capacity at its Owatonna, Minnesota plant. This new line is set to begin operations in Q3 2022, meeting rising demand in the pet food, bean, and soup sectors. The expansion will also create approximately 40 new jobs, enhancing local employment. This strategic move aims to strengthen Crown’s position in the rigid packaging market and cater to growing customer needs.
Positive
- Expansion of food can production will meet increasing customer demand.
- Creation of approximately 40 new jobs in Owatonna.
- New production line expected to start in Q3 2022.
Negative
- None.
Details
News Market Reaction – CCK
The recorded move for CCK in the trading session of this news was -0.48%.
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YARDLEY, Pa., Jan. 28, 2022 /PRNewswire/ -- Crown Holdings, Inc. (NYSE: CCK) announced today that the Company will expand food can production capacity by adding a new line to its Owatonna, Minnesota plant. The line is expected to commence operations during the third quarter of 2022 and will serve growing customer requirements in the pet food, bean and soup segments of the food can market. The Owatonna facility will add approximately 40 jobs to support the additional capacity.
About Crown Holdings, Inc.
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. World headquarters are located in Yardley, Pennsylvania. For more information, visit www.crowncork.com.
For more information, contact: Thomas T. Fischer, Vice President, Investor Relations and Corporate Affairs, (215) 552-3720
For editorial inquiries, contact: Mallory Schindler, Associate Vice President, FINN Partners, (239) 247-2786
View original content:https://www.prnewswire.com/news-releases/crown-holdings-inc-expands-food-can-capacity-at-owatonna-minnesota-plant-301470684.html
SOURCE Crown Holdings, Inc.
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