Crown Holdings Will Invest €66M In Canning Plant In Parc Sagunt

10 July 2017 – Levante-EMV

The US multinational Crown Holdings will invest €66 million in the construction of its aluminium can manufacturing plant in Parc Sagunt. The arrival of this company, which has strong roots in Spain, but which had never set up shop in the Communidad Valenciana before, means that there is barely any available land left at the capital’s mega industrial estate in Campo de Morvedre. The firm will occupy 60,000 m2 (15%), which in addition to the 70% of land acquired by Mercadona and the plot to be taken over by Puerto de Valencia, means that the Generalitat is now under pressure to commence development of the second phase of the logistics hub.

The President of the Generalitat, Ximo Puig, announced on Thursday that the Board of Directors of Parc Sagunt, would approve a new investment from a multinational on Friday. This company, according to sources close to the operation, is the US firm Crown Holdings, one of the largest manufacturers of metal containers for food in the world. The firm’s new facilities will result in the creation of more than one hundred direct jobs and around twenty indirect roles.

Crown Holdings has a presence in Spain (Crown Bevcan España and Crown Embalajes España) as well as in another 40 countries and records net sales amounting to more than $6.2 billion. In 2014, it purchased the Spanish group Mivisa, which is headquartered in Murcia and which was one of its main competitors in the country, for €1,200 million.

The US firm is a supplier of Jealsa, in turn, which produces canned fish for Mercadona. Although in the case of the plant in Sagunt, the company plans to enable an aluminium can production line for drinks. Its clients include Nestle, amongst others (…).

Original story: Levante-EMV (by Sergi Pitarch)

Translation: Carmel Drake

Spain Is In The TOP 30 Of Largest Economies By Manufacturing …

2 September 2015 – Mis Naves

Spain is in the TOP 30 of largest economies by manufacturing output according to Cushman & Wakefield

Spain is ranked 26th among countries with the largest industrial output, according to the index developed by the international property consultant Cushman & Wakefield.

According to a report by real estate services firm Cushman & Wakefield, Spain is in the TOP 30 of countries with the biggest industrial expenditures. The ranking is again headed by Malaysia and Taiwan, which retain the first and second places respectively, but the rest of the TOP 5 has noted changes, with the ascent of China to the third place and that of the United States to the fourth, while Korea slipped to the fifth.

Report addresses changes in the industry classifying the top 30 countries of the world by factory location, in addition to the fifteen states showing strongest growth in the last year. In developing the ranking they take into account parameters such as talent, access to the markets and sustainability, among others.

In a second ranking, with a focus on cost savings, but with more emphasis on the operating conditions, Spain steps up to the 17th position.

Although Asia remains the leading region in the TOP 10, where it holds 7 positions, rising in  ranking of the United States, Turkey, the Netherlands, the UK, Poland and Germany reveal a new trend in the industrial market.

As to the falls, they include that of Thailand, having lost five positions and dropping out from the TOP 5 to the ninth place; Russia, which recedes 9 positions falling down to 16th; Switzerland, losing 6 and ending up in 18th place, and Venezuela, going down 10 steps to 24th place.

Among other Latin American countries occupying positions in the TOP 30 are: Mexico, at 14th after losing four positions; Brazil, on the 20th after climbing 3 steps and Argentina, in the 22nd position after losing one.

Original story: Misnaves.es

Translation: Lee La