WESTMINSTER, Colo.,
Sept. 2, 2020 /PRNewswire/ -- Ball
Corporation (NYSE: BLL) today announced its plan to build a
new U.S. aluminum beverage packaging plant in Pittston, Pennsylvania. The multi-line plant
is scheduled to begin production in mid-2021 and will create
approximately 230 manufacturing jobs.
"Our new Pittston plant is
Ball's latest investment to serve accelerating demand for our
portfolio of infinitely recyclable aluminum containers used in the
sparkling water, spiked seltzer, beer and carbonated beverage
categories," said Daniel W. Fisher,
COO, global beverage packaging. "Pittston will join our industry-leading
network of more than 20 North American plants, including a new
plant currently under construction in Glendale, Arizona, that is scheduled to start
up early in the first quarter of 2021. These investments, supported
by numerous long-term customer contracts, will enable us to serve
customer and consumer needs for more sustainable beverage packaging
while furthering our Drive for 10 vision for long-term
success."
Ball plans to make an initial investment of more than
$300 million in its Pittston facility over multiple years. The
plant will supply customers with a portfolio of can sizes to serve
the addressable market.
Ball chose Pittston for its new
facility because of the existing infrastructure, proximity to main
distribution routes, regional labor base, the cooperation of state
and local officials during the site selection process and
Pennsylvania's focus on
sustainable growth. Infinitely recyclable and economically
valuable, Ball's 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.
For more information about job opportunities at Ball's planned
Pittston plant or at other Ball
locations, visit Ball's careers site.
About Ball Corporation
Ball Corporation (NYSE: BLL) 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 more than 18,300 people
worldwide and reported 2019 net sales of $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; availability/cost of raw materials
and logistics; competitive packaging, pricing and substitution;
changes in climate and weather; footprint adjustments and other
manufacturing changes, including the start up of new facilities and
lines; failure to achieve synergies, productivity improvements or
cost reductions; mandatory deposit or other restrictive packaging
laws; customer and supplier consolidation; power and supply chain
interruptions, including due to virus and disease outbreaks;
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 affecting goods produced by us or in our supply chain,
including imported raw materials, such as those related to COVID-19
and those pursuant to Section 232 of the U.S. Trade Expansion Act
of 1962 or Section 301 of Trade Act of 1974; 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 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
and the success of information technology initiatives; 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, 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