Ball Plans To Build New Aluminum Can Plant Near Pilsen, Czechia, Creating 200 Jobs

Rhea-AI Summary

Ball Corporation (NYSE: BLL) announced plans to construct a new €170 million aluminum packaging facility at Pilsen Digital Park, Czech Republic, starting spring 2021. The facility aims to meet rising demand for sustainable packaging and will support around 200 jobs upon completion in October 2022. The project reflects Ball's commitment to sustainability, with a focus on utilizing renewable energy and advanced manufacturing technologies to minimize environmental impact. This expansion will position Ball strategically in the EMEA region.

Positive

• Investment of €170 million to construct a new facility.
• Creation of approximately 200 jobs in engineering and support roles.
• Facility enhances production capacity to meet rising demand for recyclable packaging.

Negative

• None.

BROOMFIELD, Colo., Jan. 26, 2021 /PRNewswire/ -- Ball Corporation (NYSE: BLL), a leading maker of infinitely recyclable aluminium packaging, intends to begin construction of a new production facility at Pilsen Digital Park in the spring of 2021. The development, in the West of Czech Republic, would expand Ball's output in the region to meet the growing demand from consumers who want sustainable and recyclable beverage packaging. The €170 million facility plans to employ up to 200 people and launch operations in October 2022.

"This new facility is the next step in our commitment to the Czech Republic. In the Pilsen region we know we can find a skilled workforce close to our key customers, who will continue to benefit from our cutting-edge production processes, our commitment to the environment and a high-quality and sustainable beverage package," Carey Causey, President, Ball Beverage Packaging EMEA, said, noting the €170 million investment is part of a broader strategy for increased investment in the wider EMEA region.

The new factory, with two production lines, is planned to occupy a site of more than 100,000 m² in the Pilsen Digital Park, enabling further expansion when required. Its construction is to be divided into two phases. The first would create around 150 new jobs and the second, raise the total to some 200 professional jobs in engineering and support roles.

"We plan to install sophisticated automated equipment at the facility, leveraging the latest modern technologies to minimize environmental impacts, and strengthened by our recent commitment to 100% renewable energy to cover our operations in Europe," said Gerhard Mayer, VP, Operations, Ball Beverage Packaging EMEA.

Aluminium cans are the world's most recycled beverage package and can be recycled over and over with minimal losses, supporting the shift to a truly circular economy. Aluminium offers beverage brands a stylish, light package which keep drinks fresh and cool, and which maximises transport capacity.

About Ball Corporation
Ball Corporation supplies innovative, sustainable 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 more than 18,300 people worldwide and 2019 net sales were $11.5 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," "targets," "likely," "positions" 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, including due to virus and disease outbreaks and responses thereto; 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 synergies, productivity improvements or cost reductions; unfavorable mandatory deposit or packaging laws; customer and supplier consolidation; power and supply chain interruptions; potential delays and tariffs related to the U.K's departure from the EU; changes in major customer or supplier contracts or a 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; and delays, extensions and technical uncertainties affecting segment contracts; 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 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; 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, the U.S. government elections, stimulus package(s), budget, sequestration and debt limit; 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 Ball Corporation planning to build in Czech Republic?

Ball Corporation plans to build a €170 million aluminum packaging facility in Pilsen Digital Park.

How many jobs will the new Ball Corporation facility create?

The new facility is expected to create approximately 200 jobs.

When will the new Ball Corporation plant start operations?

The new plant is scheduled to begin operations in October 2022.

What is the investment amount for Ball Corporation's new facility?

The investment for the new facility is €170 million.

What are the key benefits of the new Ball Corporation facility?

The facility will enhance production capacity and support sustainability through recyclable packaging.