US Can Company To Open $25 Million Factory

US aluminum can company Crown Holdings will spend be­tween $25 million and $30 million to build a factory on the outskirts of Phnom Penh, a company official said.

In a statement, Crown said the plant should be operational by mid-2007 and would be capable of producing 500 million alumin­um cans a year.

“The aluminum of course will be imported since Cambodia does not have any aluminum mills,” spokesman Josef Salaerts wrote in an e-mail. He added that the plant will create about 100 jobs for Cambodians.

“Number of people required will be around 100 persons. But it will certainly generate more side businesses in the future in Cam­­bod­ia like for spare parts, etc. as usually is [the case],” he wrote.

“Our beverage cans have been im­ported into Cambodia at an ac­celerating rate over the last few years, and the market there for soft drinks and beer continues to grow rapidly,” William Voss, pres­ident of Crown Asia Pacific, said in the statement.

Crown operates four plants in China, two in Vietnam and one each in Malaysia, Singapore and Thai­land.

 

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