PHILADELPHIA - Packaging products maker Crown Holdings Inc. said Thursday it will build a new beverage can plant on its existing food can manufacturing site in Casablanca, Morocco.
| CCK | 22.68 |
Operational in late 2009, the plant will produce aluminum beverage cans with an initial capacity of 700 million cans a year. The facility is being designed to accommodate the future installation of additional production lines as market demand grows.
This investment is part of the company's 2009 capital program.
The new beverage plant in Casablanca will expand Crown's presence in Morocco. Crown's Carnaud Maroc SA unit makes fish and vegetable cans, paint cans and crown closures. Carnaud Maroc operates one large plant in Casablanca, and will open a second plant in Agadir in August of this year.

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