CROWN HOLDINGS, INC. TO ADD THIRD LINE TO PONTA GROSSA, BRAZIL BEVERAGE CAN PLANT

Rhea-AI Summary

Crown Holdings (NYSE: CCK) announced plans to expand its Ponta Grossa beverage can plant in Parana, Brazil by adding a third high-speed production line. The expansion will increase the plant's annual production capacity from 2.4 billion to 3.6 billion cans, making it Crown's largest operation in Brazil. The new line will serve growing demand from both alcoholic and non-alcoholic beverage customers in southern Brazil. Commercial production is scheduled to begin in Q3 2026. The company maintains its 2025 guidance of approximately $800 million in adjusted free cash flow and capital expenditures of around $450 million.

Positive

• Expansion will increase plant capacity by 50% from 2.4B to 3.6B cans annually
• Plant will become Crown's largest operation in Brazil
• Company maintains strong 2025 guidance of $800M in adjusted free cash flow
• Expansion addresses growing market demand in southern Brazil

Negative

• Significant capital expenditure required with production not starting until Q3 2026
• Project execution and timeline risks could affect planned Q3 2026 start date

TAMPA, Fla., May 30, 2025 /PRNewswire/ -- Crown Holdings, Inc. (NYSE: CCK) announced today that the Company will add a new high-speed production line to its beverage can plant in Ponta Grossa, in the state of Parana. The additional capacity will serve the expanding requirements of both alcoholic and non-alcoholic beverage customers in the southern region of Brazil.

The Ponta Grossa plant was built in 2011 and currently operates two high-speed production lines with an annual capacity of 2.4 billion cans. Upon completion of the third line, the plant will be able to supply 3.6 billion cans and will become Crown's largest operation in Brazil. Commercial production is expected to commence during the third quarter of 2026.

The Company maintains its full-year 2025 guidance of generating approximately $800 million in adjusted free cash flow with capital expenditures of approximately $450 million.

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 Tampa, Florida. For more information, visit www.crowncork.com.

For more information, contact:
Thomas T. Fischer, Vice President, Investor Relations and Corporate Affairs, (215) 552-3720

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SOURCE Crown Holdings, Inc.

FAQ

What is Crown Holdings' (CCK) expansion plan for its Ponta Grossa plant in Brazil?

Crown Holdings is adding a third high-speed production line to increase the plant's annual capacity from 2.4 billion to 3.6 billion cans, making it their largest operation in Brazil.

When will Crown Holdings' new production line in Ponta Grossa begin commercial operations?

The new production line is expected to commence commercial production during the third quarter of 2026.

What is Crown Holdings' (CCK) free cash flow guidance for 2025?

Crown Holdings maintains its 2025 guidance of approximately $800 million in adjusted free cash flow with capital expenditures of approximately $450 million.

How much will the new line increase Crown Holdings' production capacity in Ponta Grossa?

The new line will increase the plant's annual production capacity by 1.2 billion cans, from 2.4 billion to 3.6 billion cans.

When was Crown Holdings' Ponta Grossa plant originally built?

The Ponta Grossa plant was built in 2011 and currently operates two high-speed production lines.