Crown Holdings realigns North American operations and raises European prices

摘要

Crown Holdings, Inc. announced on the 12th Novemberthat it plans to close its food can plant in Dorval, Canada and its beverage can and crown (bottle cap) plant in Montreal, Canada. The Company anticipates annual cost reductions of approximately 11 million dollars. "We regret the need to close both of these plants, a decision that was made only after considerable analysis," said John W. Conway, Crown's Chairman and CEO. "These actions are necessary to better match our capacity to geographic market demand and are consistent with the Company's strategy to lower costs and enhance return on all assets deployed."