³Ô¹Ï51±¬ÁÏÍø Cork & Seal Signs SuperEnd(TM) License Agreement With Amcor Limited
PHILADELPHIA, Dec. 2 /PRNewswire-FirstCall/ -- ³Ô¹Ï51±¬ÁÏÍø Cork & Seal Company, Inc. (NYSE: CCK), announced today the signing of a SuperEnd(TM) license agreement with Amcor Limited, the leading beverage can manufacturer in Australia and New Zealand, which will allow Amcor to manufacture and sell SuperEnd(TM) in those markets.
SuperEnd(TM) is the latest technology easy open end for beverage cans which provides consumers with improved pourability, drinkability, ease of opening and appearance. SuperEnd(TM) is a stronger, lighter weight end and requires less metal among other significant benefits to producers and fillers. These consumer and customer advantages have positioned SuperEnd(TM) to become the next standard for beverage ends worldwide.
³Ô¹Ï51±¬ÁÏÍø has successfully produced and sold over 8 billion SuperEnds(TM) in North America and more than 2 billion have already been produced and sold in South Africa by Nampak Ltd. under license from ³Ô¹Ï51±¬ÁÏÍø Cork & Seal. The pace of customer conversions remains strong, and by the end of 2003 ³Ô¹Ï51±¬ÁÏÍø will have an annualized capacity in North America of over 15 billion ends. In addition, ³Ô¹Ï51±¬ÁÏÍø will launch SuperEnd(TM) in Europe in early 2003.
³Ô¹Ï51±¬ÁÏÍø Cork & Seal is a 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.