- The US company Crown Holdings today announced it will construct a new beverage can plant in Tunisia, which is to produce cans for the entire North Africa region. Crown and the Saudi Arabian company Ahmad Hamad Algosaibi & Bros. will each hold a 50 percent share in the Tunisian investment.
Crown Holdings, the world's leading producers of cans and crowns, is strengthening its presence in North Africa together with a Tunisian industrialist. Saud Algosaibi, Managing Director of the Jeddah-based company Ahmad Hamad Algosaibi, today in a statement confirmed the news.
- Since 1979, we have worked successfully with [Crown] on four joint venture operations in Saudi Arabia, the United Arab Emirates and Jordan," stated Mr Algosaibi, adding that, "Crown has considerable industry reputation based on technology innovation that we have experienced first hand, so we are confident that working together on this project will be an exciting and successful venture."
Located on a greenfield site in El Agba, in the Tunisian capital of Tunis and close to the main container port, the plant is set to produce 202 and 211 diameter beverage cans in multiple sizes for the Maghreb region of North Africa, Crown informs today.
The plant, which is expected to be operational by mid-2005, is planned to have an initial annual capacity of 635 million cans and is to expand Crown's European, Middle Eastern and African beverage can business to thirteen plants across nine countries.
Abdessalem Mansour, from the Tunisian Foreign Investment Promotion Agency (FIPA), commented, "We are very pleased that Crown and the Algosaibi Group have chosen Tunisia as the location for this major new investment and we will be offering our full support to them to make this exciting venture a success."
Crown Holdings, through its affiliated companies, is a leading supplier of packaging products to consumer marketing companies around the world. World headquarters are located in Philadelphia, US.
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