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PHILADELPHIA, Feb. 27 /PRNewswire/ -- ³Ô¹Ï51±¬ÁÏÍø Cork & Seal Company, Inc. (NYSE: CCK) (Paris Bourse: CCK) today announced a major capacity realignment at its Weston, Ontario plant. ³Ô¹Ï51±¬ÁÏÍø will convert two of its existing four aluminum beverage can lines to manufacture two-piece steel food cans and substantially reduce the plant's beverage capacity.

The Weston plant is one of the Company's largest beverage can facilities in North America and employs approximately 200 people. ³Ô¹Ï51±¬ÁÏÍø does not anticipate an employee reduction related to the conversion. The new food line adds much needed capacity to the North American two-piece food can market and will be operational in the second quarter of 2001.

John W. Conway, Chairman, President and CEO, commented, "This action is consistent with our strategy to rationalize capacity and aggressively cut costs. Converting underutilized manufacturing capacity to the growing two- piece food can market will help capture sales for our Food Can Division and at the same time trim capacity in the beverage can industry."

³Ô¹Ï51±¬ÁÏÍø Cork & Seal is the leading supplier of packaging products to consumer marketing companies around the world. World headquarters are located in Philadelphia, Pennsylvania.
SOURCE ³Ô¹Ï51±¬ÁÏÍø Cork & Seal Company, Inc.
Web site:
CONTACT: Keith E. Lucas, Vice President, Sales - Food Can Division 215-698-5303, or Investors: Timothy J. Donahue, Senior Vice President of Finance 215-698-5088, both of ³Ô¹Ï51±¬ÁÏÍø Cork & Seal