September 18: World leading canmaking firm Crown Holdings thinks there will be opportunities to continue improving returns in the coming year, despite slowing international growth.
“There is lots of room to raise prices,” said Crown’s finance chief Timothy Donahue during a presentation to the Bank of America’s Annual Investment Conference in San Francisco yesterday in which he outlined prospects for 2009.
He said that returns had been “fairly low” in recent years but with tight capacity and consumption of food and beverages not expected to slow, “we feel pretty confident”.
