North American Volume Strength More Than Offsets Weaker Europe in Crown's 1Q
Crown continued to reap the benefits of investing in beverage can growth, with volumes up 3% globally for the business. This positive momentum was sustained by an improving Brazilian economy, where volumes trended higher, and completed production capacity in Mexico serving higher U.S. imported beer volumes. Volumes fell in the low to midsingle digits in Europe and the Middle East as the company struggled to gain traction with customers. Going forward, we think North American volume growth will m...Crown Holdings is engaged in the design, manufacture and sale of packaging products and equipment for consumer goods and industrial products. The company's packaging for consumer goods include steel and aluminum cans for food, beverage, household and other consumer products, glass bottles for beverage products, metal vacuum closures and steel crowns. The company's packaging for industrial products includes steel and plastic strap consumables and equipment, paper-based protective packaging, and plastic film consumables and equipment. The company's products include the SuperEnd? and 360 End? beverage can ends, its Easylift? aperture steel food can ends, and PeelSeam? and PeelFit? aluminum foil laminated ends.
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