Ball to Expand in Growing Southeast Asia Beverage Can Market |
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Ball Corp.
10 Longs Peak Dr.
Broomfield, CO, 80021
USA
Press release date: March 8, 2011
Highlights o Ball and Thai Beverage Can Limited have announced plans to build a beverage can plant in Vietnam o The plant will supply cans to customers in Vietnam and in adjacent countries o The plant is expected to begin production in early 2012
BROOMFIELD, Colo., March 8, 2011 - Ball Corporation (NYSE: BLL), announced today it has entered into an agreement with its joint venture partner Thai Beverage Can Limited (TBC), a 50 percent associated company owned by Berli Jucker Public Company Limited (SET: BJC.BK), to build a beverage can manufacturing plant in Vietnam.
The plant will be located in the Tan Uyen district in Binh Duong province. Ball will hold an approximately 50 percent economic interest in the joint venture facility, which is expected to begin production in the first half of 2012.
"The growth of the middle class in Southeast Asia, and the preference of consumers there for beverage cans, continue to increase demand for our containers," said Raymond J. Seabrook, executive vice president and chief operating officer, global packaging. "The beverage can market in the region is projected to grow more than 15 percent annually over the next several years. We have operated a joint venture beverage can plant in Thailand with Thai Beverage Can since 1996, and have worked closely with our partners as we have expanded into emerging markets. This Vietnam plant fits our long-term strategy to grow our worldwide beverage can business to meet increasing demand from our customers."
The one-line plant will have an initial annual production capacity of 850 million cans and will primarily use equipment relocated from other Ball facilities. The total value of the joint venture, including contributed equipment by Ball, is approximately $45 million. The plant will supply contracted customers in Vietnam as well as export beverage cans to adjacent countries, and can be expanded to meet growing demand.
Ball Corporation is a supplier of high quality packaging for beverage, food and household products customers, and of aerospace and other technologies and services, primarily for the U.S. government. Ball Corporation and its subsidiaries employ more than 14,500 people worldwide and reported 2010 sales of more than $7.6 billion. For the latest Ball news and for other company information, please visit http://www.ball.com.
SOURCE Ball Corporation
CONTACT: Investors, Ann T. Scott, +1-303-460-3537, ascott@ball.com, or Media, Scott McCarty, +1-303-460-2103, smccarty@ball.com, both of Ball Corporation
Web Site: http://www.ball.com
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