Alcoa Closure Systems set to expand
for bottle caps and lids by increasing the manufacturing capacity
in North America and China.
Alcoa has announced plans to expand its plastic closure (bottle cap and lid) manufacturing capacity in North America and China.
The company says that the capacity expansion will support numerous high growth market segments, ranging from closures for bottled water to adult beverages. The combined capacity investment will total more than $20 million (€18.45m), with almost all of the expansion already under contract with major customers.
"This capital investment will allow our closure systems business to continue to be one of the company's high growth sectors," said Sandra Beach Lin, president of Alcoa Closure Systems. "Our focus on customers and implementation of the Alcoa Business System (ABS) have helped us achieve strong growth. When combined with a stream of innovative new products in the dairy, food and bottled water markets, this capacity expansion should position us for continued profitable growth."
Over the past two years, Alcoa CSI has increased its presence in Nepal, Costa Rica, Mexico, Korea, the Philippines, China and Japan. Alcoa CSI currently operates 22 plants in 15 countries.
Alcoa is the world's leading producer of primary aluminium, fabricated aluminium and alumina, and is active in all major aspects of the industry. Amongst a list of industries, Alcoa serves the packaging market, providing single solutions to its customers. In addition to aluminium products and components, Alcoa also markets consumer brands including Reynolds Wrap aluminium foil and Baco household wraps.
