BROOMFIELD, Colo., April 20, 2015 /PRNewswire/ -- Ball Corporation
(NYSE: BLL) today announced plans to build a two-line beverage can
manufacturing plant in Monterrey,
Mexico. This location, which complements Ball's North
American metal beverage packaging footprint, will start up in the
first half of 2016 and produce multiple can sizes. The majority of
the capacity is contracted under a long-term agreement.
"The demand for standard and specialty metal beer packaging
continues to grow, and the Monterrey plant will allow us to expand our
customer base and product portfolio," said Daniel W. Fisher, president, North American
metal beverage packaging. "This returns-oriented growth project
broadens our geographic reach into a new and growing market for
Ball's global metal beverage packaging business, which aligns with
Ball's Drive for 10 vision."
About Ball Corporation
Ball Corporation supplies innovative, sustainable packaging
solutions for beverage, food and household products customers, as
well as aerospace and other technologies and services primarily for
the U.S. government. Ball Corporation and its subsidiaries employ
14,500 people worldwide and reported 2014 sales of $8.6 billion. For more information, visit
www.ball.com, or connect with us on Facebook or Twitter.
Forward-Looking Statements
This release contains "forward-looking" statements concerning
future events and financial performance. Words such as "expects,"
"anticipates," "estimates" and similar expressions identify
forward-looking statements. Such statements are subject to risks
and uncertainties, which could cause actual results to differ
materially from those expressed or implied. The company undertakes
no obligation to publicly update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise. Key risks and uncertainties are summarized in filings
with the Securities and Exchange Commission, including Exhibit 99
in our Form 10-K, which are available on our website and at
www.sec.gov. Factors that might affect: a) our packaging segments
include product demand fluctuations; availability/cost of raw
materials; competitive packaging, pricing and substitution; changes
in climate and weather; crop yields; competitive activity; failure
to achieve productivity improvements or cost reductions;
mandatory deposit or other restrictive packaging laws; customer and
supplier consolidation, power and supply chain influence; changes
in major customer or supplier contracts or loss of a major customer
or supplier; political instability and sanctions; and changes in
foreign exchange or tax rates; b) our aerospace segment include
funding, authorization, availability and returns of government and
commercial contracts; and delays, extensions and technical
uncertainties affecting segment contracts; c) the company as a
whole include those listed plus: changes in senior management;
regulatory action or issues including tax, environmental, health
and workplace safety, including U.S. FDA and other actions or
public concerns affecting products filled in our containers, or
chemicals or substances used in raw materials or in the
manufacturing process; technological developments and innovations;
litigation; strikes; labor cost changes; rates of return on assets
of the company's defined benefit retirement plans; pension changes;
uncertainties surrounding the U.S. government budget, sequestration
and debt limit; reduced cash flow; ability to achieve cost-out
initiatives; interest rates affecting our debt; and successful or
unsuccessful acquisitions and divestitures, including, with respect
to the proposed Rexam PLC acquisition, the effect of the
announcement of the acquisition on our business relationships,
operating results and business generally; the occurrence of any
event or other circumstances that could give rise to the
termination of our definitive agreement with Rexam PLC in respect
of the acquisition; the outcome of any legal proceedings that may
be instituted against us related to the definitive agreement with
Rexam PLC; and the failure to satisfy conditions to completion of
the acquisition of Rexam PLC, including the receipt of all required
regulatory approvals.
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SOURCE Ball Corporation