Crown Holdings Inc.
Stock Symbol: CCK
One Crown Way
Crown Holdings Inc. Industry:
Containers & Packaging
Crown Holdings Inc. Description:
Crown Holdings, Inc. is engaged in the design, manufacture and sale of packaging products for consumer goods. The Company's primary products include steel and aluminum cans for food, beverage, household and other consumer products and a variety of metal and plastic caps, closures and dispensing systems. These products are manufactured in the Company's plants both within and outside the United States and are sold to the soft drink, food, citrus, brewing, household products, personal care and various other industries. Crown Cork & Seal Company, Inc. formed crown Holdings, in February 2003, in connection with its debt refinancing and corporate reorganization. Crown Cork became a wholly owned subsidiary of the Company.
Crown Holdings Inc. Financial Summary:
CCK manufactures and sells metal and plastic containers, metals and plastic closures, crowns & can-making equipment. For the 6 months ended 6/30/05, net sales rose 8% to $3.72B. Net income fell 10% to $18M. Revenues reflect thepassing of higher raw material costs on to customers and firm sales unit volumes. Net income was offset by an increase in selling, general and administrative expenses and interest expense.
Crown Holdings Inc. Business Summary:
Crown Holdings, Inc. designs, manufactures and sells packaging products for consumer goods. The Company's products include steel and aluminum cans for food, beverage, household and other consumer products and metal and plastic caps, closures and dispensing systems. At December 31, 2004, the Company operated 185 plants along with sales and service facilities throughout 43 countries. Its business is organized on the basis of geographic regions with three reportable segments: Americas, Europe and Asia-Pacific. The Company was formed in connection with debt refinancing and a corporate reorganization in 2003 by Crown Cork & Seal Company, Inc. (Crown Cork), which is a wholly owned subsidiary of the Company.