Crown Holdings Profile
Crown Holdings, Inc. is a leading global diversified packaging business that manufactures metal cans and ends (aluminum and steel) for the beverage, food and aerosol industries and a wide range of transit packaging products and solutions from multiple substrates including steel, paper, and plastic. The company's transit packaging products include automation and equipment technologies, protective packaging solutions and steel and plastic consumables which are sold into the metals, food and beverage, construction, agricultural, corrugated, and general industries.
Segments
The company's business is generally organized by product line and geography. The company operates through Americas Beverage, European Beverage, Asia Pacific and Transit Packaging segments.
Americas Beverage
The Americas Beverage segment manufactures infinitely recyclable aluminum beverage cans and ends, glass bottles, steel crowns and aluminum caps. Manufacturing facilities are located in the U.S., Brazil, Canada, Colombia and Mexico.
European Beverage
The European Beverage segment manufactures infinitely recyclable aluminum beverage cans and ends in Europe, the Middle East and North Africa.
Asia Pacific
The Asia Pacific segment primarily consists of beverage can operations in Cambodia, China, Indonesia, Malaysia, Myanmar, Thailand and Vietnam and also includes non-beverage can operations, primarily food cans and specialty packaging.
Transit Packaging
Transit Packaging segment includes the company's worldwide automation and equipment technologies, protective packaging solutions and steel and plastic consumables. Automation and equipment technologies include manual, semi-automatic and automatic equipment and tools, which are primarily used in end-of-line operations to apply and remove consumables, such as strap and film. Protective solutions include standard and purpose designed products, such as airbags, edge protectors, and honeycomb products, among others that help prevent movement of, and/or damage to, a wide range of industrial and consumer goods during transport. Steel and plastic consumables include steel strap, plastic strap, industrial film and other related products that are used across a wide range of industries. The automation and equipment business along with the company's product offering allow it to offer a comprehensive solution to pack, wrap, strap, secure and store products all over the world.
Other
The company's other segments (Other) include its food can, aerosol can and closures businesses in North America, and beverage tooling and equipment operations in the U.S. and the United Kingdom (U.K.). The company manufactures a variety of food and aerosol cans and ends and closures in assorted shapes and sizes. The company's customers include manufacturers of food, including pet food, personal care, household and industrial products.
Sales and Distribution
With its global reach, the company primarily markets and sells products to customers through its own sales and marketing staff. In some instances, contracts with customers are centrally negotiated, but products are ordered through and distributed directly by the company's local facilities. The company's facilities are generally located in proximity to their respective major customers. The company works closely with customers in order to develop new business and to extend the duration of existing contracts.
Many customers provide the company with quarterly or annual estimates of product requirements along with related quantities pursuant to which periodic commitments are given. Such estimates assist the company in managing production and controlling the use of working capital. The company schedules its production to meet customer requirements.
Research and Development
The company's research, development and engineering costs of $33 in 2023.
Customers
The company's largest beverage can customers consist of many of the leading manufacturers and marketers of packaged consumer products in the world, including Anheuser-Busch InBev, Coca-Cola, Heineken, Keurig Dr Pepper, Molson Coors, Pepsi-Cola and Refresco, among others. In addition to sales to Coca-Cola and Pepsi-Cola, the company also supplies independent licensees of Coca-Cola and Pepsi-Cola. Consolidation trends among beverage marketers have led to a concentrated customer base. The company's top ten global customers represented in the aggregate approximately 48% of its 2023 consolidated net sales.
Competition
The company's competitors include but are not limited to, Ardagh Metal Packaging, Ball Corporation, Can-Pack S.A., Mauser Packaging Solutions, Metal Container Corporation, Silgan Holdings Inc., Sonoco, and Trivium Packaging.
History
Crown Holdings, Inc. was founded in 1892. The company was incorporated in 1991.
