Constellation Brands CEO Robert Sands says cans offer a huge opportunity to grow sales of beers such as Corona Extra as the firm plans to significantly expand production at its brewery in Nava, Mexico.
A Toronto labor dispute that began nine months ago at Crown Holdings is escalating with strike leaders now urging the Canadian public not to drink beer brands in cans from brewers including Molson Coors and Labatt.
Constellation Brands misled a Federal court by arguing that it would not co-ordinate beer prices rises to follow AB InBev after the Grupo Modelo takeover and then doing so, nine US beer drinkers claim.
The chair of can giant Crown Holdings was tight-lipped when asked about the impact on the packaging industry if PepsiCo chose to spun-off its beverage business as 'activist-investor' Nelson Peltz demands.
Inflated costs and adverse foreign exchange conditions saw Crown Holdings post a slight year-on-year profit drop in the three months to the end of March 2012 – despite notching up improved sales figures and increased beverage can volumes.