Crown expands Asian operations

METAL packaging products supplier Crown Holdings (www.crowncork.com) said its subsidiary, Crown Asia Pacific Holdings Ltd, plans to install a second beverage can line in its existing facility in Phnom Penh, Cambodia. Earlier, Crown also announced that it would acquire from affiliates of Swire Pacific Limited interests it does not already own in facilities in China and Viet Nam. These include 44.57% interest and 49% interest in the holding company, respectively for Crown's four joint venture facilities in China and the joint venture facility in Hanoi, for an aggregate purchase price of $150 million. The transaction is subject to certain closing conditions and is expected to close during the third quarter. The expansion in Cambodia is expected to be operational in the fourth quarter of 2011 and have an initial annual production capacity of 700 million two-piece 33cl aluminium beverage cans, which will expand the plant's capacity to 1.3 billion cans.Nike Air max Dominate