Crown Holdings: Profiting From Your Summer BBQ
Anytime you pop a top or pull a six-pack from the fridge this summer you may be helping Crown Holdings (CCK), a global beverage and food can manufacturer. Last year, Crown Holdings sold 48 billion beverage cans worldwide, up 9% from 2009. In Q1, beverage can volumes were 6% higher year-over-year as bottlers continued their expansion into Asia, the Middle East, Africa and Latin America. Crown's sales are set to grow further as new capacity comes online in Brazil and China - two fast growing markets. In South Asia, the beverage market is forecast growing 15% annually and industry experts expect China will soon be the world's largest grocery market. To meet this demand, Crown is investing in new plants. From the end of Q1, 2011 through year-end, Crown plans to add 3.8 billion cans of capacity. Next year, the company is adding another 4.5 billion cans of production. ButComplete Story »
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