PHILADELPHIA, July 1 /PRNewswire-Asia/ -- Crown Holdings, Inc. (NYSE: CCK) (Crown), a leading supplier of packaging products worldwide, announced today that its subsidiary, CROWN Asia Pacific Holdings Ltd has acquired a beverage can production facility located northeast of Ho Chi Minh City in Dong Nai Province, Vietnam from Interfood Shareholding Company (VNSE: IFS). Interfood will retain a minority investment interest in the plant.
The newly constructed facility is sized to accommodate additional manufacturing lines and will have an initial annual production capacity of approximately 600 million two-piece, 33cl aluminum beverage cans. Commercial delivery of cans is scheduled to begin early in the fourth quarter of this year.
"We are delighted to expand our relationship with Interfood," commented, Jozef Salaerts, President of Crown's Asia-Pacific Division. "This is our third manufacturing facility in Vietnam which continues to be a vibrant and growing market for us. We have been doing business for more than 30 years in South East Asia and this expansion underscores our commitment to support the growing needs of our global and regional customers and to help them continue to build their brands."
About Interfood Shareholding Company
Interfood Shareholding Company is a joint stock company listed on the Vietnamese Stock Exchange, under the symbol IFS. The company provides a wide range of products including biscuits, cookies, wafers, tropical fruit drinks, liquid coffee, canned Asian drinks and canned coconut juice and milk among a variety of other canned food and beverage products manufactured and marketed in Vietnam under its own highly recognized and highly trusted brand name "Wonderfarm." Please visit http://www.wonderfarmonline.com .
About Crown Holdings
Crown Holdings, Inc., through its subsidiaries, is a leading supplier of packaging products to consumer marketing companies around the world. World headquarters are located in Philadelphia, Pennsylvania. Please visit http://www.crowncork.com .
For more information, contact:
In Asia:
Jozef Salaerts, President - Asia Pacific-Division
Tel: +65-622-948-81
Email: jozef.salaerts@crowncork.com.sg
For editorial inquiries:
Michael F. Dunleavy
Vice President of Corporate Affairs and Public Relations
Tel: +1-215-698-5051
Email: mdunleavy@crowncork.com
For investors:
Timothy J. Donahue, Executive Vice President and Chief Financial Officer
Tel: +1-215-698-5088
Bisno Communications
Ed Bisno
Tel: +1-212-717-7578
