Ball to Build Beverage Can Plant in Paraguay, Expand Capacity in Argentina

Ball Corporation (NYSE:  BLL) has announced plans to build a one-line beverage can and end manufacturing plant in Asunción, Paraguay, and to add capacity in its Buenos Aires, Argentina, facility. The investment in Argentina is the third in two years. These investments will allow the company to serve the growing beverage can market in Paraguay, Bolivia and Argentina, and to support various customer demands with multiple can sizes. The Asunción plant is expected to begin production in the fourth quarter of 2019 and its capacity is contracted under long-term agreements.

“The economy is growing and demand for aluminum beverage packaging is increasing in Paraguay and surrounding countries, as more people are consuming beer and other refreshing drinks and more customers are converting to more sustainable, infinitely recyclable beverage cans,” said Carlos Pires, president, beverage packaging South America. “In Argentina, cans will continue to grow and volumes will likely double from 2016 to 2019. These investments will allow us to broaden our geographic reach into a new and growing market, as well as be closer to our customers in the area, which aligns with our long-term vision for growth.”
https://www.prnewswire.com/news-releases/ball-to-build-beverage-can-plant-in-paraguay-expand-capacity-in-argentina-300593919.html