Ball to Reduce Capacity in U.S. Steel Food Packaging Business
September 27, 2017
BROOMFIELD, Colo., Sept. 27, 2017 /PRNewswire/ -- Ball Corporation (NYSE: BLL) announced that it will cease food can production at the company's Springdale, Arkansas, tinplate food and aerosol packaging manufacturing plant during the fourth quarter of 2017.
"Given the overall decline in food can demand, our Springdale food can operations are no longer sustainable and we are electing to focus our remaining local plant resources on our growing aerosol business," said Jim Peterson, chief operating officer, food and aerosol packaging. "We will continue maximizing value in our food business and accelerating profitable growth in our global aerosol business."
The Springdale plant will continue to produce and assemble aerosol cans, cut and coat flat sheet steel, and produce components used by other Ball food and aerosol facilities. The plant's affected employees will be provided benefits, including outplacement and severance pay, in accordance with company policies. They also can apply for open positions within Ball.
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 18,450 people worldwide and 2016 net sales were $9.1 billion. For more information, visit www.ball.com, or connect with us on Facebook or Twitter.
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SOURCE Ball Corporation