Six beverage can companies have signed agreements with U.S. aluminum manufacturer Arconic worth a total of $1.5 billion through 2024. Among these companies are can maker Ball Corp. and brewing giant AB InBev.
Arconic is a leading supplier of aluminum sheet and plate to the North American aerospace and automotive markets as well as industrial solutions for other industries. Formerly part of Alcoa Inc. until that company split in 2016. At that time it was manufacturing aluminum for beverage cans for almost 20 years until announcing its exit from this market and dedication to the automotive and industrial market. But, the current demand for beverage cans has brought them back to this market.
This demand is due to a change of mentality on the part of the consumer where respect for the environment and the search for recyclable materials has made aluminum one of the best options.
“We’re moving across multiple markets,” the company’s Tennessee plant manager – Jeff Weida – told the Daily Times. “Being able to play in automotive, industrial, commercial and can transport gives us a flexibility we’ve never had in this facility.”