Ball Corp to invest $60 million at Sri City facility to

Investment Overview - Ball Corporation announced an investment of USD 60 million (approximately ₹532.5 crore) to expand production capacity at its manufacturing facility in Sri City, Andhra Pradesh, reinforcing its commitment to meet growing customer demand and strengthen the regional supply chain [1] - In 2024, Ball Corporation had previously invested nearly USD 55 million (approximately ₹488 crore) in its can manufacturing facility in Taloja, Maharashtra, and is exploring further investments in the Indian market [2] Strategic Importance - India is considered key to Ball Corporation's global strategy, with investments reflecting a focused approach to scaling operations in high-growth markets and securing long-term competitive advantage [3] - The investment supports the growth of India's beverage can market, projected to expand by over 10% annually over the next five years, driven by a shift in consumer demand towards sustainable packaging [3] Product Innovation - The company is leveraging its retort innovation technology to enable ready-to-drink (RTD) beverages and milk-based drinks to achieve extended shelf life while maintaining taste and nutritional integrity, positioning itself as a key enabler of packaging transformation in India's beverage landscape [4] Market Presence - Ball Corporation entered the Indian market in 2016 and has expanded its footprint through facilities in Taloja and Sri City, offering a wide range of beverage can formats (185ml, 250ml, 300ml, 330ml, 500ml) for both global and domestic brands [5] Company Profile - Ball Corporation supplies sustainable aluminum packaging solutions for beverage, personal care, and household products, employing 16,000 people worldwide, with reported net sales of USD 11.08 billion in 2024, excluding the divested aerospace business [6]