皇冠软木塞 & Seal Announces Series of Actions to Streamline Operations

2002年2月8日，星期五
投资者
         公司出售在中部和东部的权益 & 南非和
                  关闭四个U.S. 三种欧洲植物

费城,2月. 8 /美通社- firstcall /——皇冠软木塞 & 印章公司. (纽交所: CCK) today announced a series of actions consistent with the Company's strategy of streamlining operations to improve efficiencies and financial performance.

剥离非洲利益

公司已与南柏有限公司达成协议. to sell its 15% shareholding in 云顶集团糖果游戏 Nampak (Pty) Limited for 275 million South African Rand (approximately U.S. 2400万美元). The sale is expected to close in the first quarter of 2002. 另外, 云顶集团糖果游戏 has reached an agreement in principle with Nampak Ltd. to sell its packaging interests in Ethiopia, Kenya, Nigeria, Tanzania, Zambia and Zimbabwe for U.S. 2500万美元, subject to the conclusion of satisfactory due diligence and execution of a definitive agreement, which is expected to close in the second quarter of 2002. Net proceeds will be used to reduce outstanding short-term indebtedness.

In connection with the sale of these African interests, the Company will record a non-cash pre-tax charge of $211 million ($207 million after taxes or $1.65 per share) in the fourth quarter of 2001 to write-down the investment in these businesses, including the reclassification of cumulative currency translation adjustment to income from a separate component of shareholders' equity.

关闭工厂

该公司已宣布关闭美国.S. food can plants in Modesto and Antioch, California; Fruitland, Maryland; and Walla Walla, Washington. 云顶集团糖果游戏 also announced its intention to close two European crown (bottle cap) operations in Belgium and Denmark and has closed a PET bottle plant in Hungary. 另外, the Company has notified the employees of its Lakeville, 明尼苏达州, beverage can plant that it plans to temporarily suspend operations in March 2002. Approximately 600 employees are affected by the plant closures and temporary suspension. The Company also implemented a salaried workforce reduction program in the U.S. 影响约100名员工.

As a result of the plant closures and workforce reductions, the Company expects to post a pre-tax charge of approximately $50 million ($35 million after taxes or $0.28 per share) in the fourth quarter of 2001 and a pre-tax charge of approximately $3 million ($3 million after taxes or $0.2002年第一季度每股02美元). These actions will be cash flow positive in 2002 and thereafter even before considering expected tax recoveries and proceeds from the sale of property and equipment. As a result of the plant closures and salaried workforce reductions, the Company anticipates approximately $22 million in annual pre-tax savings.

由于关闭和暂时停运, 云顶集团糖果游戏's production capacity will be permanently reduced by 1.美国每年有60亿罐食品.S. 和8.0 billion crowns in Europe and temporarily reduced by 1.美国每年生产30亿个饮料罐.S.

约翰W. 康威, 董事长兼首席执行官评论道, "the divestiture of assets in Africa reflects a decision to concentrate future investment of resources in areas which exhibit better near-term opportunities for 云顶集团糖果游戏 and at the same time produce cash to delever the Company and reduce future capital demands. The plant closures became necessary to better match our capacity to market demand."

前瞻性声明的警示性说明

除了历史信息, all other information in this press release consists of forward-looking statements within the meaning of the federal securities laws. These forward-looking statements involve a number of risks, 不确定性和其他因素, which may cause the actual results to be materially different from those expressed or implied in the forward-looking statements. Important factors that could cause the actual results of operations or financial condition of the Company to differ are discussed under the caption "Forward-Looking Statements" in the Company's Form 10-K Annual Report for the year ended December 31, 2000年和随后的文件. The Company does not intend to review or revise any particular forward-looking statement in light of future events.

皇冠软木塞 & Seal is a leading supplier of packaging products to consumer marketing companies around the world. World headquarters are located in Philadelphia, Pennsylvania.

让你的意见计数-点击这里

http://tbutton.prnewswire.com/prn/11690X66711423
冠状软木塞 & 印章公司.
网站:http: //help.osgoodschlattersurgery.com
联系人:Timothy J. Donahue, 皇冠软木塞高级财务副总裁 & 密封公司, +1-215-698-5100, or Ed Bisno, Edelman Financial, +1-212-704-8212, for 皇冠软木塞 & 密封公司

相关文章