Ball, provider of ultra-quality packaging for household, food and beverage products, has inked a deal with Thai Beverage Can (TBC) to construct a production facility for beverage cans in Vietnam.
TBC, a company of Berli Jucker Public, and Ball will have equal economic interests in the joint venture plant to be constructed in the Tan Uyen district in the Binh Duong province.
The new beverage can plant is slated for operation in the first half of 2012. The one-line facility will mainly utilize devices shifted from the other Ball plants. The initial production capacity of the plant will be 850 million cans per year.
The joint venture plant’s total worth is nearly $45 million, which includes devices contributed by Ball. The facility will deliver beverage cans to contracted clients in Vietnam and export them to nearby countries. Ball has plans to expand the capacity of the plant, as demands for cans are growing.
The Chief Operating Officer and Executive Vice President of Global Packaging at Ball, Raymond J. Seabrook commented that in Southeast Asia, the middle class is witnessing growth and their preference for beverage cans are increasing, resulting in the demand for the company’s beverage cans. The company has inked the new deal as part of its long-term strategy to expand its global beverage can business.
Source: http://www.ball.com