Logo of Phnom Penh Post newspaper Phnom Penh Post - Jewel in the canning Crown

Jewel in the canning Crown

Jewel in the canning Crown

CROWN Asia Pacific Holdings Ltd has announced a US$25 million plan to increase the capacity for making beer and soft drink cans at its Phnom Penh factory to meet growing market demand.

The company plans to install a new production line at its plant. The line is expected to be operational in the fourth quarter of 2011 and have an initial capacity to produce 700 million 33-centilitre aluminum cans per year.

The move will expand the capacity of Crown’s plant, in Chom Chao village, Dangkor District, to 1.3 billion cans per year, according to a company press release.

Crown Asia Pacific Holdings has produced cans in Cambodia since 2007, after sinking an initial investment of $40 million into the project.

A spokesman for Crown Beverage Cans (Cambodia) Limited, said yesterday that the plant produces empty cans for all the Kingdom’s beer producers and soft drink makers, such Coca-Cola.

“The installation of machines and equipment will cost around $25 million,” said the spokesman, who asked not to be named.

“We are excited to see the Cambodian market’s growing demand”, stated Jozef Salaerts, president of Crown’s Asia-Pacific Division.

“The country is developing rapidly with more customers choosing the aluminum can as their packaging preference.”

Crown Asia Pacific Holdings is a subsidiary of Crown Holdings, a global supplier of metal packaging products.

In the past week, the company has moved further to consolidate its assets in Asia.

On Tuesday, the firm announced it had purchased back a 44.57-percent stake in its four joint-venture facilities in China and a 49-percent holding in its factory in Hanoi, Vietnam, from affiliates of Swire Pacific Limited for $150 million.

According to the chairman of Crown Holdings, John W Conway, the company has an “emerging markets growth initiative” in Asia.

On Friday, Crown Holdings hit a 52-week high on the New York Stock Exchange, trading at $29.49 a share during the day. It closed the week at $29.11 a share.

MOST VIEWED

  • Ethnic group ‘disappointed’ to be denied French visas to attend court

    Eleven people at the centre of a case involving seven indigenous Bunong villages in Mondulkiri province pursuing legal action in France have expressed disappointment after the French embassy in Phnom Penh denied their visa applications to attend court. A press release said the 11 included a

  • Cambodia nabs 12th place in best retirement destinations

    Cambodia is an expatriate hotspot for those dreaming of living a more luxurious lifestyle at an affordable cost, according to International Living’s Annual Global Retirement Index 2019. For the fourth year in a row, Cambodia took the top spot in the Cost of Living category.

  • EU starts EBA withdrawal

    The EU on Monday announced that it has begun the 18-month process of withdrawing the Kingdom’s access to its preferential Everything But Arms (EBA) agreement over “a deterioration of democracy [and] respect for human rights”. However, the Garment Manufacturers Association of Cambodia (GMAC) said

  • PM: War result of foreign meddling

    Prime Minister Hun Sen said on Sunday that Cambodia’s recent history of conflict was caused by foreign interference. “The wars that happened were caused by provocation, incitement, support, smearing and interference from foreign powers, and the group of ignorant people who pushed Cambodia to