Ball Corp. to close 2 beverage can facilities in US due to weak alcohol demand
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Update time : 2022-08-25 17:34:06
Ball Corporation, a provider of metal packaging in the US, will close two of its older beverage can facilities in Phoenix, Arizona, and St. Paul, Minnesota later this year and in spring next year, respectively, due to the decreased consumer demand for alcohol, said Daniel Fisher, President and Chief Executive Officer at Ball. The total net capacity of these facilities reached approximately four billion units.
In the second quarter of this year, Ball had a net loss of US$174 million because of falling demand and higher cost inflation.
The company is going to do reviews department by department and figure out what it really needs to spend money on and what it doesn’t need to spend money on, said Scott Morrison, Chief Financial Officer and Senior Vice President at Ball.
