August 29: World leading canmaker Crown Holdings is being sued by one of its canstock suppliers for breach of contract.
Wise Metals Group, whose subsidiary Wise Alloys LLC is the world’s third-largest manufacturer of aluminium canstock, filed the suit on August 11 in Alabama to obtain a judgment on its beverage and food can sheet contracts with Crown.
Maryland-based Wise said that Crown was canceling its orders for beverage can sheet for the fourth quarter of 2006 and the whole of 2007 and changing to other suppliers. Crown will continue to buy food can sheet from Wise.
