Ball Announces New U.S. Beverage Can Plant in Nevada to Support Long-Term Growth of Strategic Customers

Rhea-AI Summary

Ball Corporation (NYSE: BLL) announced plans to build a new aluminum beverage packaging plant in North Las Vegas, Nevada, set to begin production in late 2022. The investment of nearly $290 million is expected to create around 180 manufacturing jobs. This facility aims to meet rising demand for sustainable aluminum packaging and is supported by long-term contracts with strategic partners. The location was chosen for its proximity to customer investments and available infrastructure, enhancing regional demand for aluminum beverage containers.

Positive

• Investment of nearly $290 million in a new plant.
• Creation of approximately 180 manufacturing jobs.
• Supports growing demand for sustainable aluminum packaging.
• Facilities backed by long-term contracts with strategic global partners.

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• None.

WESTMINSTER, Colo., Sept. 23, 2021 /PRNewswire/ -- Ball Corporation (NYSE: BLL) announced today plans to build a new U.S. aluminum beverage packaging plant in North Las Vegas, Nevada. The multi-line plant is scheduled to begin production in late 2022 and is expected to create nearly 180 manufacturing jobs when fully operational.

"Our new North Las Vegas plant is Ball's latest investment to serve accelerating demand for our portfolio of infinitely recyclable aluminum containers," said Kathleen Pitre, president, Ball beverage packaging North & Central America. "The new plant is supported by numerous long-duration contracts for committed volume with our strategic global partners and regional customers and will enable us to serve customer and consumer needs for more sustainable aluminum beverage packaging while furthering our Drive for 10 vision."

Ball plans to invest nearly $290 million in its North Las Vegas facility over multiple years. The plant will supply a range of innovative can sizes to a variety of beverage customers. Infinitely recyclable and economically valuable, aluminum cans, bottles and cups enable a truly circular economy in which materials can be and actually are used again and again. In fact, 75 percent of all aluminum ever produced is still in use today.

Ball chose the North Las Vegas location for its new facility due to its proximity to customer can-filling investments, increasing regional demand, the infrastructure in place, the regional labor base and the cooperation of state and local officials. Join us in leading the sustainability revolution. For more information about job opportunities at Ball's planned North Las Vegas plant or at any other location, visit jobs.ball.com. Apply now and be unstoppable at Ball.

About Ball Corporation

Ball Corporation supplies innovative, sustainable aluminum packaging solutions for beverage, personal care 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 21,500 people worldwide and reported 2020 net sales of $11.8 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," "believes," and similar expressions typically identify forward-looking statements, which are generally any statements other than statements of historical fact. Such statements are based on current expectations or views of the future and are subject to risks and uncertainties, which could cause actual results or events to differ materially from those expressed or implied. You should therefore not place undue reliance upon any forward-looking statements and any such statements should be read in conjunction with, and qualified in their entirety by, the cautionary statements referenced below. 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 factors, risks and uncertainties that could cause actual outcomes and results to be different 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. Additional factors that might affect: a) our packaging segments include product capacity, supply and demand constraints and fluctuations and changes in consumption patterns; availability/cost of raw materials, equipment and logistics; competitive packaging, pricing and substitution; changes in climate and weather; footprint adjustments and other manufacturing changes, including the startup of new facilities and lines; failure to achieve productivity improvements or cost reductions; unfavorable mandatory deposit or packaging laws; customer and supplier consolidation; power and supply chain interruptions; changes in major customer or supplier contracts or loss of a major customer or supplier; political instability and sanctions; currency controls; changes in foreign exchange or tax rates; and tariffs, trade actions, or other governmental actions, including business restrictions and shelter-in-place orders in any country or jurisdiction affecting goods produced by us or in our supply chain, including imported raw materials; b) our aerospace segment include funding, authorization, availability and returns of government and commercial contracts; delays, extensions and technical uncertainties affecting segment contracts; and supply chain interruptions; c) the Company as a whole include those listed above plus: the extent to which sustainability-related opportunities arise and can be capitalized upon; changes in senior management, succession, and the ability to attract and retain skilled labor; regulatory actions or issues including those related to tax, ESG reporting, competition, 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; the ability to manage cyber threats; litigation; strikes; disease; pandemic; labor cost changes; rates of return on assets of the Company's defined benefit retirement plans; pension changes; uncertainties surrounding geopolitical events and governmental policies both in the U.S. and in other countries, including policies, orders and actions related to COVID-19; reduced cash flow; interest rates affecting our debt; and successful or unsuccessful joint ventures, acquisitions and divestitures, and their effects on our operating results and business generally.

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SOURCE Ball Corporation

FAQ

What is the significance of Ball Corporation's new plant in Nevada?

The new plant will support increased demand for aluminum beverage containers and create about 180 jobs.

When is the new aluminum beverage packaging plant expected to start production?

Production is scheduled to begin in late 2022.

How much is Ball Corporation investing in the North Las Vegas plant?

Ball Corporation plans to invest nearly $290 million over multiple years.

What type of contracts supports the new plant in Nevada?

The plant is supported by long-duration contracts for committed volume with strategic partners.

What are the benefits of aluminum packaging according to Ball Corporation?

Aluminum cans are infinitely recyclable and enable a truly circular economy.