BROOMFIELD, Colo., Nov. 10, 2010 /PRNewswire-FirstCall/ -- Ball
Corporation (NYSE: BLL) today announced the company will relocate a
metal beverage can production line originally intended for a plant
in Lublin, Poland, to Ball's
Belgrade, Serbia, plant. The line
will be integrated into the existing Belgrade facility and is expected to begin
production by the end of the first quarter of 2011.
"Relocating the production line to an existing manufacturing
facility requires minimal capital and provides additional benefits
from economies of scale," said Raymond J.
Seabrook, executive vice president and chief operating
officer, global packaging operations. "This line will enable us to
supply the needs of our customers and meet growth rates in regional
markets."
The new production line will initially manufacture approximately
750 million aluminum beverage cans a year and can be expanded as
demand warrants. It will be the second line in the Belgrade plant, which opened in 2005 and
employs approximately 140 people. Ball continues to evaluate
options regarding the planned Lublin facility.
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
14,000 people worldwide and reported 2009 sales of more than
$7.3 billion including discontinued
operations. For the latest Ball news and for other company
information, please visit http://www.ball.com.
Forward-Looking Statements
This release contains "forward-looking" statements concerning
future events and financial performance. Words such as "expects,"
"anticipates," "estimates" and similar expressions are intended to
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 99.2
in our Form 10-K, which are available at our website and at
www.sec.gov. Factors that might affect our packaging segments
include fluctuation in product demand and preferences; availability
and cost of raw materials; competitive packaging availability,
pricing and substitution; changes in climate and weather; crop
yields; competitive activity; failure to achieve anticipated
productivity improvements or production cost reductions; mandatory
deposit or other restrictive packaging laws; changes in major
customer or supplier contracts or loss of a major customer or
supplier; and changes in foreign exchange rates or tax rates.
Factors that might affect our aerospace segment include: funding,
authorization, availability and returns of government and
commercial contracts; and delays, extensions and technical
uncertainties affecting segment contracts. Factors that might
affect the company as a whole include those listed plus: accounting
changes; changes in senior management; the current global recession
and its effects on liquidity, credit risk, asset values and the
economy; successful or unsuccessful acquisitions, joint ventures or
divestitures; integration of recently acquired businesses;
regulatory action or laws including tax, environmental, health and
workplace safety, including in respect of climate change, or
chemicals or substances used in raw materials or in the
manufacturing process; governmental investigations; technological
developments and innovations; goodwill impairment; antitrust,
patent and other litigation; strikes; labor cost changes; rates of
return projected and earned on assets of the company's defined
benefit retirement plans; pension changes; reduced cash flow;
interest rates affecting our debt; and changes to unaudited results
due to statutory audits or other effects.
SOURCE Ball Corporation