BROOMFIELD, Colo., Sept. 23, 2013 /PRNewswire/ -- Ball Corporation (NYSE: BLL) today announced that the Ball Foundation will donate $1 million to support relief efforts in Colorado following the devastating floods that impacted the state this month.
The $1 million contribution will benefit local nonprofits that are assisting with flood relief efforts, including Community Food Share, Impact on Education Foundation for Boulder Valley Schools and the Foothills United Way's Foothills Flood Relief Fund. Additionally, the Foundation will match employee donations on a two-to-one basis as part of the company's annual community giving campaign.
"Our thoughts and prayers are with all those impacted by the powerful floods that hit our home state of Colorado over the past two weeks," said John Hayes, chairman, president and CEO. "Many Ball employees live and work in the areas touched by the flooding and have experienced the devastation first hand. This is our community and we're committed to helping with recovery and rebuilding efforts both financially and by mobilizing our employee base through volunteer efforts ."
The Ball Foundation also committed $100,000 to the American Red Cross of Colorado to support the national Disaster Relief fund earlier this year to help ensure the Red Cross is prepared to respond immediately when disaster strikes, and can help communities prepare for disaster response, recovery and readiness.
Ball employs approximately 3,000 people in Colorado and has been part of the community for almost 60 years.
About The Ball Foundation
The Ball Foundation is a 501(c)(3) nonprofit, private foundation. Founded in December 2010, The Ball Foundation's mission is to provide financial support to nonprofit organizations that sustain the communities in which we live and operate by improving and promoting education, recycling and community engagement. For more information about the Ball Foundation, please visit www.ball.com/ball-foundation.
About Ball Corporation
Ball Corporation supplies innovative, sustainable packaging solutions for beverage, food 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 15,000 people worldwide and reported 2012 sales of more than $8.7 billion. For more information, visit www.ball.com, or connect with us on Facebook or Twitter.
This release contains "forward-looking" statements concerning future events and financial performance. Words such as "expects," "anticipates," "estimates" and similar expressions 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 in our Form 10-K, which are available on our website and at www.sec.gov. Factors that might affect: a) our packaging segments include fluctuation in product demand; availability and cost of raw materials; competitive packaging, pricing and substitution; changes in climate and weather; crop yields; competitive activity; failure to achieve productivity improvements or cost reductions; mandatory deposit or other restrictive packaging laws; changes in major customer or supplier contracts or loss of a major customer or supplier; political instability and sanctions; and changes in foreign exchange or tax rates; 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: changes in senior management; successful or unsuccessful acquisitions and divestitures; 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; technological developments and innovations; litigation; strikes; labor cost changes; rates of return on assets of the company's defined benefit retirement plans; pension changes; uncertainties surrounding the U.S. government budget, sequestration and debt limit; reduced cash flow; ability to achieve cost-out initiatives; interest rates affecting our debt.
SOURCE Ball Corporation