Aluminum can manufacturer Ball Corporation will close two of its oldest beverage can plants in the United States as a result of declining demand for alcohol.
A major consumer of UBC’s recycled aluminum, Ball will permanently close plants in Phoenix and St. Louis. St. Paul, Minnesota. The announcement was made following the release of the company’s second quarter earnings report, which included discussions about “re-stating” certain capital projects amid tougher market conditions.
The measure is part of the plan implemented by the North American multinational to optimize capacity at its largest plants. One of the reasons is due to the decline in demand for alcohol following the increased demand for aluminum recorded two years ago by covid-19. During the second quarter of this year, Ball reported a net loss of US$174 million.
In June, Ball announced that it would purchase a minority stake in a project slated for Los Lunes, New Mexico, as well as sign a long-term supply agreement with the private equity firm behind that project. The company also indicated that it will purchase beverage can sheet from a planned $2.5 billion aluminum recycling and rolling mill planned by Novelis in Bay Minette, Alabama. And he is involved in a pilot project working to increase UBC recycling rates in Florida.
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