Spain leads Crown Holdings sales growth, home to its Parc Sagunt plant
Crown Holdings, an aluminium can maker with a plant in Parc Sagunt since 2018, posted the group's largest percentage sales growth of any market in Spain in 2026, up 26.65%.
The aluminium can factory that Crown Holdings has run at Parc Sagunt since 2018 is part of a wider business that is having a strong run, and Spain is where it shows most clearly: among all the markets where this US metal-packaging multinational operates, none has grown its sales percentage as fast as Spain has. Revenue there reached 366.05 million euros last financial year, a 26.65% jump that leaves the second-fastest-growing market, the United States (+8.92%), well behind -though the US still leads by far in absolute volume, at 4,165.03 million euros.
The Sagunto plant does not work alone within Spain: Crown Holdings runs two other Spanish factories, in Agoncillo (La Rioja) and Seville, exporting production across the Iberian Peninsula and into the rest of Europe. And it was not only sales that grew fastest in Spain: long-duration assets -property, plant and equipment- also grew more there than in any other market in the group, up 20.57% to 294.22 million euros, ahead of Mexico, Canada, the United Kingdom and Brazil.
What is behind this push? According to Crown Holdings chairman and CEO Timothy J. Donahue, the key lies in rising global demand for beverage cans, with double-digit growth in Asia and increases of between 5% and 7% in Europe and North America. That trend also shows up in the group's overall figures: net sales of 10,700.30 million euros last year (+4.78%), which grew even faster in the first half of 2026, up 14.76% to 5,994 million euros, with net income of 417 million euros between January and June, 8.80% above the same period the year before.
Against that backdrop, the group has announced capacity expansions in Brazil, Greece and Spain -without specifying whether the Spanish expansion will touch the Valencian plant- plus a brand-new factory in northern India. Chief financial officer Kevin C. Sastre also used the results to raise the company's 2026 adjusted earnings-per-share guidance to a range of 8.30 to 8.50 dollars, up from the previous 7.90-8.30 dollar range. The stock market has already taken note: Crown Holdings shares are up 9.67% in New York so far this year, giving the company a market value of 10,526 million euros, close to its all-time high set in March 2022.
Crown Holdings' strong run in Spain also comes at a time when Parc Sagunt is going through a broader industrial transformation: alongside the can factory, the industrial estate has hosted ArcelorMittal Sagunto for decades, producing around two million tonnes of steel a year, and is preparing to add PowerCo's battery gigafactory, a Volkswagen Group subsidiary, in the coming months. That mix of established industries and emerging projects makes Parc Sagunt one of the busiest industrial estates in the whole Valencian Community, and explains why business associations in the district, such as ASECAM, want growth at companies like Crown Holdings to translate into stable jobs for local residents too. Although the company has not detailed how many jobs its Sagunto plant currently supports, the strong sales and asset-growth figures in Spain strengthen the plant's standing within the group, at a time when other European plants are competing for the same expansion investment that Crown Holdings has already announced for Brazil, Greece and Spain.
ASECAM has said on several occasions that it wants companies based at Parc Sagunt to strengthen ties with local suppliers and training providers, beyond sales or production volumes alone.
Beyond the numbers, it is worth recalling exactly what this company, formerly known as Crown Cork & Seal Company, makes: metal cans for food and drinks, aerosol containers, metal closures and specialised packaging. Its Sagunto factory occupies a plot within Parc Sagunt, the industrial estate born with the ambition of becoming the largest industrial complex in Europe -almost 15 million square metres split across four activity districts, Steel, SMEs, Chemical and Industry- where can production today sits alongside other major projects reshaping the municipality's economy. According to Valencia Plaza, with additional background from Wikipedia.