BROOMFIELD, Colo., Feb. 14, 2011 /PRNewswire/ -- Ball Corporation
(NYSE: BLL) announced today that Latapack-Ball Embalagens Ltda.,
the company's majority-owned beverage can joint venture in
Brazil, plans to build a new
beverage can manufacturing plant in Alagoinhas, in the Brazilian
state of Bahia. The plant will initially operate one manufacturing
line with the capability to make multiple aluminum can sizes, and
is expected to start up in early 2012.
"The beverage can continues its strong growth in Brazil, and Alagoinhas is located in northeast
Brazil, one of the fastest growing
regions in the country," said Raymond J.
Seabrook, executive vice president and chief operating
officer, global packaging operations. "Increasing demand for
specialty sizes in Brazil is
providing additional opportunities for the can, and the output from
our first line is contracted under a long-term agreement. The
durable, light weight and 100-percent recyclable beverage can is a
perfect match for the developing Brazilian market and is the
package-of-choice for consumers there and elsewhere in the
world."
Latapack-Ball currently operates two beverage can plants in
Brazil, in Jacarei and Tres Rios,
and a can end plant in Salvador.
The Tres Rios plant started up in November
2009 and added a second production line during the first
quarter of 2011.
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.
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 on 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; integration of
recently acquired businesses; regulatory action or laws including
tax, environmental, health and workplace safety, including U.S. FDA
and other actions affecting products filled in our containers, 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